Sandy Lane, Shanklin, PO37

Street Guide For Sandy Lane, Shanklin, PO37

 
 

Sandy Lane, Shanklin, PO37 Map

Estimated Price: £291,634
Average Asking Price: £249,116
Price change in last one year: £23,179
Average Price Paid: £240,875
Average Rent Rates: £667

Red Squirrel Property Shop Ltd
11b Holyrood House, St Thomas Square, Newport, PO3
Red Squirrel Property Shop Ltd
11b Holyrood House, St Thomas Square, Newport, PO3

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Property Prices Breakdown in Sandy Lane, Shanklin, PO37

Average Price for property in Sandy Lane, Shanklin, PO37 is around £291,634 which varies based on type of property you are interested in and ranges from £301,426 for detached house to around £258,348 for semi-detached. Similarly terraced house is around £152,581. Values have been changing and have risen £3,606 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,870 in last 6 months, £23,179 in last 1 year, £35,527 in last 2 years, £35,183 in last 3 years, £30,854 in last 4 years and £32,139 in last 5 years.

Currently average asking price of a property in Sandy Lane, Shanklin, PO37 is around £249,116 based on approximately 5 properties for sale. Same is the case with rental options based on 11 properties up for rent, average asking rent is around £667 per month.

Estimated property value in Sandy Lane, Shanklin, PO37 is £291,634. Average asking price is £249,116 while average price paid is £259,400 which is up by £23,179 and Avg. asking rent £667.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Sandy Lane, Shanklin, PO37 area. In last 1 year alone average price buyer paid is around £259,400 based on approximately 5 sales in Sandy Lane, Shanklin, PO37 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £252,428. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £240,875 for 8 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £246,700 per sale.

 
 
 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £99,950, £178,020 for a 2 bedroom house, £244,246 for a 3 bedroom house, £350,021 for a 4 bedroom house and £420,333 for a 5 bedroom house. For a flat similarly the prices varies from £109,316 for a single bedroom to £178,086 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £168,650. To sum up the asking prices for properties in Sandy Lane, Shanklin, PO37 it comes to around average £108,731 for 1 bedroom property, £178,065 for 2 bedroom, £230,502 for 3 bedroom, £350,021 for 4 bedroom and £420,333 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £613 for 2 bedroom to £771 for 3 bedroom and £1,148 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £576. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £542 and £676 for 3 bedroom. You should be generally be expecting around average £576 rent per month for single bedroom property, £566 for 2 bedroom, £740 for 3 bedroom and approximately £1,148 for 4 bedroom property in Sandy Lane, Shanklin, PO37 area.

Popular Houses in Sandy Lane, Shanklin, PO37

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Sandy Lane, Shanklin, PO37