40 Merrie Gardens

    40, MERRIE GARDENS, LAKE, SANDOWN, PO36 9QN

    This detached freehold property on Merrie Gardens last sold in July 2024 for £310,000. Based on price growth in the PO36 district since then, its estimated current value is £292,527 — placing it in the 48th percentile nationally and the 62nd percentile within PO36. The property covers 101 m² (1,087 sq ft), giving an estimated value of £2,896 per m². The EPC rating is D, with a potential rating of B.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    101 m²

    (1,087 sq ft)

    Last Sale Price

    £310,000

    Jul 2024

    Estimated Valuation

    £292,527

    Est. £/m²

    £2,896/m²

    £269/sq ft

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1976-1982
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area101 m² (1,087 sq ft)
    EPC dateMay 2017
    WallsCavity wall, as built, partial insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    5 Jul 2024

    £310,000

    27 Oct 2017

    £285,000

    31 Jul 2007

    £248,000

    9 Jul 2003

    £195,000

    24 Aug 1999

    £94,950

    24 Jan 1997

    New build

    £69,950

    Key Metrics

    Estimated valuation£292,527
    Value per m² / sq ft£2,896/m² (£269/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    PO36 district percentile62nd percentile
    National percentile48th percentile

    District Context — PO36

    PO36 covers the Isle of Wight, sitting off the south coast of Hampshire. It is a long-established residential and leisure destination with strong appeal to families, retirees, and holidaymakers.

    Average Property Price - PO36

    £280,642

    37

    National percentile

    Average Net Household Income - PO36

    £33,172

    20

    National percentile

    10-Year Annualised Price Growth - PO36

    3.8%

    57

    National percentile

    10-Year Annualised Rent Growth - PO

    4.1%

    58

    National percentile

    View full analysis for PO36

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