Flat 1 Teakwood Spring Gardens

    FLAT 1 TEAKWOOD, SPRING GARDENS, VENTNOR, PO38 1QX

    This flat/maisonette leasehold property on Spring Gardens last sold in February 2022 for £175,000. Based on price growth in the PO38 district since then, its estimated current value is £181,510 — placing it in the 20th percentile nationally and the 18th percentile within PO38. The property covers 80 m² (861 sq ft), giving an estimated value of £2,269 per m². The EPC rating is E, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    80 m²

    (861 sq ft)

    Last Sale Price

    £175,000

    Feb 2022

    Estimated Valuation

    £181,510

    Est. £/m²

    £2,269/m²

    £211/sq ft

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms4
    Main fuelelectricity (not community)
    EPC currentE
    EPC potentialC
    Floor area80 m² (861 sq ft)
    EPC dateJul 2019
    WallsCavity wall, as built, no insulation (assumed)
    HeatingElectric storage heaters

    Transaction History

    25 Feb 2022

    £175,000

    Key Metrics

    Estimated valuation£181,510
    Value per m² / sq ft£2,269/m² (£211/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    PO38 district percentile18th percentile
    National percentile20th 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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