Flat 3, Teakwood Spring Gardens, Ventnor, PO38 1QX is a leasehold flat built between 1930-1949. The property offers approximately 861 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have three bedrooms.

The estimated current market value of the property is £141,037 , which equates to approximately £164 per square foot. It was last sold on 15 Jul 2022 for £155,000. Since then, the value has decreased by £13,963, representing a 9.0% decrease, or approximately 2.6% per year.

The current estimated value of £141,037 is:

  • 28.4% lower than the average property price on Spring Gardens
  • 36.5% lower than the average in the PO38 1QX postcode area
  • and 52.8% lower than the average price for Ventnor as a whole

View sold house prices in PO38 1QX

Building approximate location

About Property

Type
Flat
Built
1930-1949
Interior Size
861 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£141,037
Price Per sq ft (estimate)
£164
Bedroom Count (estimate)
3 bedrooms

EPC Summary

Flat 3, Teakwood Spring Gardens, Ventnor, Isle Of Wight, PO38 1QX has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 10 Jul 2019.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 4 Oct 2014, when the property was rated F. Since then, the rating has improved to E, with the energy efficiency score increasing by 79.3%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, limited insulation (assumed) to pitched, 350 mm loft insulation, improving energy efficiency from very poor to very good.
  • The lighting was changed from low energy lighting in 75% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Very Poor
Roof
Pitched, 350 mm loft insulation
Very Good
Walls
Cavity wall, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to PO38 1QX

12 th / 17
Price Rank
36% lower than average
9 th / 12
Size Rank
16% smaller than average
11 th / 12
Price Per Sq FT Rank
25% lower than average

Compared to other properties in PO38 1QX , this flat's estimated value ranks 12th out of 17. Based on price per square foot, it ranks 11th out of 12 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 9th out of 12 properties in its postcode area.

Sale History

Today
£141,037
streetscan.co.uk estimate
-9 %
15 Jul 2022
£155,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 926 sq ft
sale price: £179,500
sale date: 15 Feb 2024
rooms: 5
size: 926 sq ft
sale price: £175,000
sale date: 25 Feb 2022
rooms: 3
size: 732 sq ft
sale price: £100,000
sale date: 3 Dec 2012
rooms: 4
size: 969 sq ft
sale price: £99,000
sale date: 10 Oct 2003
rooms: 4
size: 908 sq ft
sale price: £69,000
sale date: 18 Jan 2002

Data Sources

The property at Flat 3, Teakwood Spring Gardens, Ventnor, Isle Of Wight, PO38 1QX appears once in the Land Registry records, with the transaction recorded on 15 Jul 2022. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 10 Jul 2019. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.