Park Road, Shanklin
AR

Park Road, Shanklin

By Arthur Wheeler Estate Agents

£ 625,000

Reviews

2 out of 5 stars

Arthur Wheeler Estate Agents says ..

An impressive detached residence that was successfully run as a hotel until approximately 2018 and has been in the same family ownership for over 30 years. The property has subsequently been deregistered and our client was granted change of use to a single dwelling house (residential) in December...

Property Oracle says ..

This property on Park Road, Shanklin, is a substantial 15-bedroom, 15-bathroom house with a total area of 4,000 sqft. Its history as a hotel hints at its potential, although it has since been converted into a single dwelling house. The property’s location in Shanklin offers proximity to the town’s amenities, railway station, and good primary schools, which are attractive features for buyers. The exterior of the building presents well, showing traditional architectural features. However, the interior imagery reveals a need for modernisation. The decor appears dated, and certain fixtures require updating. The garden area is relatively small, not expansive. While the property’s size is significant, the high list price of £625,000 necessitates careful evaluation. Buyers will need to consider the substantial renovation costs potentially required to bring the property up to modern standards. Overall, this is a large property in a reasonably good location; however, potential buyers should factor in renovation expenses against the asking price.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
5
Location
7
Land
3
Bedrooms
15
Bathrooms
15
Sqft (est)
4,000.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
306,250.00 £
Decreased by 14.50 %
from 358,176.00 £
Est sale value
1,400,000.00 £
Increased by 42.86 %
from 980,000.00 £
Average area rental value
938.00 £/mo
Decreased by 9.63 %
from 1,038.00 £/mo
Est letting value
4,000.00 £/mo
from 0.00 £/mo
Est rental Yield
3.68 %
Increased by 5.75 %
from 3.48 %
Crime Rate
15.00 %
Unchanged by 0.00 %
from 15.00 %

Agent Activity

  • Arthur Wheeler Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
St Blasius Shanklin Cofe Primary AcademyAcademy Sponsor LedGood0.91 KM
Gatten And Lake Primary SchoolCommunity SchoolGood0.98 KM
Broadlea Primary SchoolCommunity SchoolGood1.89 KM
The Bays Children'S CentreChildren's Centre3.21 KM
The Bay Church Of England SchoolVoluntary Controlled SchoolGood3.40 KM

Images

Front 1.jpg Hallway.jpg Dining Area.jpg Front.jpg Kitchen.jpg Front 2.jpg Lounge.jpg Bar Area.jpg Sitting Room.jpg Bedroom.jpg Bedroom 2.jpg

Nearby Streets

NameAverage PriceAverage SqftDistance
Clarendon Road £ 235,00000.00 KM
Saint Pauls Crescent £ 000.00 KM
Delphi Road £ 000.00 KM
The Limes £ 199,95000.00 KM
Royal Close £ 260,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Shanklin5529SHN0.70 KM
Lake5504LKE1.98 KM
Sandown5525SAN3.21 KM
Brading5530BDN6.62 KM
Smallbrook Junction5494SAB9.23 KM

Nearby Listings

AddressPriceTypeScoreDistance
Park Road, Shanklin £ 625,000BUY5 / 100.00 KM
Park Road, Shanklin, Isle of Wight £ 225,000BUY7 / 100.03 KM
East Mount Road, Shanklin £ 250,000BUY6 / 100.08 KM
Palmerston Road, Shanklin, Isle of Wight £ 125,000BUY7 / 100.09 KM
Park Road, Shanklin, Isle of Wight £ 1,499,000BUY8 / 100.10 KM

Nearby Properties

AddressPriceDistance
10 Park Road £ 455,0000.06 KM
11b Park Road £ 80,0000.06 KM
24b Queens Road £ 140,0000.09 KM
25a Queens Road £ 110,0000.09 KM
21 Queens Road £ 249,9500.09 KM