According to the public record, 7, Albert Way, East Cowes is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 366 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Albert Way, East Cowes, PO32 is located within the PO32 postal district.
7, Albert Way, East Cowes has a single entry in the Land Registry database from November 2009 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Albert Way East Cowes as £134,199 and the rental value as £774 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 7 Albert Way East Cowes has increased by £954 (0.7%) and its rental value has increased by £53 per month (6.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, Albert Way, East Cowes is in very good condition we estimate a sale value of £140,908 and rental value of £813 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £124,805 and a rental value of £720 per month.
If you were able to purchase this property for the estimated value of £134,199, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £660 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 7, Albert Way, East Cowes was last sold on 06 Nov 2009 for £152,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2009, the market for similar properties has risen 32.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Albert Way, East Cowes within a radius of 114m over the last 2 years.
The most recent example is Flat 12, The Moorings 21, Albert Way, East Cowes, PO32 6GA, a Leasehold flat which sold for £130,000 in Jul 2023.
Read more about house prices in PO32.
Albert Way, East Cowes, PO32 has a total of 144 addresses. According to our analysis of all the public data, 7, Albert Way, East Cowes is the 134th largest and the 106th most expensive property on the street.
When compared to the postcode district it is £112k less expensive than the average property in PO32.
7, Albert Way, East Cowes has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 May 2009.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 7, Albert Way, East Cowes is Ryde Pier Head station which is 8.5 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Albert Way, East Cowes, 40.7% of property is privately owned outright and 27.6% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, Albert Way, East Cowes, 25.4% of residents are recorded as possessing school level qualifications and 21.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7, Albert Way, East Cowes, the average age was 45.3 and the most common age was 72.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, Albert Way, East Cowes, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, Albert Way, East Cowes, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.