Melville Lodge Park Avenue

    MELVILLE LODGE, PARK AVENUE, VENTNOR, VENTNOR, PO38 1LD

    This detached leasehold property on Park Avenue last sold in April 2006 for £416,000. Based on price growth in the PO38 district since then, its estimated current value is £634,645 — placing it in the 88th percentile nationally and the 94th percentile within PO38. The property covers 280 m² (3,014 sq ft), giving an estimated value of £2,267 per m². The EPC rating is E, with a potential rating of C.

    Type

    Detached

    Tenure

    Leasehold

    Floor Area

    280 m²

    (3,014 sq ft)

    Last Sale Price

    £416,000

    Apr 2006

    Estimated Valuation

    £634,645

    Est. £/m²

    £2,267/m²

    £211/sq ft

    Property Details

    TypeDetached
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: before 1900
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialC
    Floor area280 m² (3,014 sq ft)
    EPC dateSept 2024
    WallsSandstone or limestone, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    6 Apr 2006

    £416,000

    Key Metrics

    Estimated valuation£634,645
    Value per m² / sq ft£2,267/m² (£211/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    PO38 district percentile94th percentile
    National percentile88th percentile

    District Context — PO38

    PO38 covers the Isle of Wight and sits off the south coast of Hampshire. It is a predominantly residential area with strong appeal to retirees and families seeking a quieter, coastal lifestyle.

    Average Property Price - PO38

    £322,618

    49

    National percentile

    Average Net Household Income - PO38

    £34,497

    29

    National percentile

    10-Year Annualised Price Growth - PO38

    4.4%

    77

    National percentile

    10-Year Annualised Rent Growth - PO

    4.1%

    58

    National percentile

    View full analysis for PO38

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