House Prices in PO40 House Prices in PO40 (Freshwater)

The average house price in PO40 (Freshwater) is £371,750 using HM Land Registry data.

The average property price increased by £56,211 (24.2%) over the last 5 years and increased by £11,234 (3.7%) over the last 12 months.

Over the last year, there were 61 residential property sales – a decrease of 23 transactions (-37.70%) relative to the previous year. The majority of house sales (15) were in the £256,000 - £314,000 range. Then came properties in the £314,000 - £372,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 133 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,860 (-3%).

In May 2025, there were 11 new estate agency instructions, 13 agreed home sales and 23 property price reductions.

5-Year Average Property Prices in PO40 (Freshwater)

24.2%

Property prices in PO40 (Freshwater) increased by 24.2% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PO40 (Freshwater) Over the Last Year

3.7%

Property prices in PO40 (Freshwater) increased by 3.7% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for PO40 (Freshwater) - May 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PO40 (Freshwater)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PO40 (Freshwater)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PO40 (Freshwater)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PO40 (Freshwater) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PO40 postcode area since 1995.

Recent Sales in PO40 (Freshwater)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
La Quinta, Middleton, Freshwater, Isle Of Wight, PO40 9PA£310,000£300,000-£10,00017 Jul 202418 Dec 2024154 Days
8 Goldings Way, Freshwater, Isle Of Wight, PO40 9NW£335,000£315,000-£20,00002 Mar 202418 Dec 2024291 Days
65 Edinburgh Road, Freshwater, Isle Of Wight, PO40 9DL£325,000£320,000-£5,00024 May 202409 Dec 2024199 Days
2 Jennings Close, Freshwater, Isle Of Wight, PO40 9XJ£340,000£333,500-£6,50012 Apr 202429 Nov 2024231 Days
2 Kings Manor Road, Freshwater, Isle Of Wight, PO40 9DE£315,000£315,000£023 Aug 202429 Nov 202498 Days
23 Queens Close, Freshwater, Isle Of Wight, PO40 9EU£350,000£350,000£005 Jul 202429 Nov 2024147 Days
Castaway, Guyers Road, Freshwater, Isle Of Wight, PO40 9QA£345,000£333,000-£12,00001 Mar 202413 Nov 2024257 Days
51 Golden Ridge, Freshwater, Isle Of Wight, PO40 9LF£475,000£460,000-£15,00004 Oct 202406 Nov 202433 Days
Rose Cottage, Norton Green, Freshwater, Isle Of Wight, PO40 9RX£375,000£365,000-£10,00023 Apr 202421 Oct 2024181 Days
2 Ronstan Gardens, Freshwater, Isle Of Wight, PO40 9DF£299,950£270,000-£29,95008 Jan 202430 Sep 2024266 Days
51 Parkway, Freshwater, Isle Of Wight, PO40 9DH£290,000£280,000-£10,00001 May 202424 Sep 2024146 Days
The Mission Hall, High Street, Freshwater, Isle Of Wight, PO40 9JU£380,000£372,500-£7,50028 Feb 202428 Aug 2024182 Days
17 Millways, Freshwater, Isle Of Wight, PO40 9SF£294,000£287,500-£6,50023 May 202427 Aug 202496 Days
34 Solent Gardens, Freshwater, Isle Of Wight, PO40 9PN£260,000£250,000-£10,00030 Apr 202420 Aug 2024112 Days
Devonia, Norton Green, Freshwater, Isle Of Wight, PO40 9RU£459,950£430,000-£29,95029 Feb 202413 Aug 2024166 Days
16 St Andrews Way, Freshwater, Isle Of Wight, PO40 9NJ£325,000£315,000-£10,00018 Jun 202419 Jul 202431 Days
12 Queens Close, Freshwater, Isle Of Wight, PO40 9EU£299,950£280,000-£19,95019 Jan 202417 Jun 2024150 Days
Maistone, Victoria Road, Freshwater, Isle Of Wight, PO40 9PU£360,000£345,000-£15,00012 Mar 202407 Jun 202487 Days
15 Parkway, Freshwater, Isle Of Wight, PO40 9DQ£265,000£237,500-£27,50002 Jan 202429 May 2024148 Days
23 Queens Close, Freshwater, Isle Of Wight, PO40 9EU£345,000£330,000-£15,00012 May 202307 May 2024361 Days

Most Expensive Streets in PO40 (Freshwater)

PostcodeStreetAreaAverageNo. of Sales
PO40 9FYSmall Horse Farm CloseFreshwater£663,6254
PO40 9SWColwell RoadFreshwater£543,4005
PO40 9QREaston LaneFreshwater£537,5006
PO40 9FZHooke CloseFreshwater£466,81311
PO40 9FGThe NurseriesFreshwater£462,1663
PO40 9GDGolden Hill Fort, Colwell RoadFreshwater£450,0003
PO40 9GFMeadows WayFreshwater£444,09520
PO40 9SHHeathfield RoadFreshwater£441,0003
PO40 9STMonks LaneFreshwater£433,3333
PO40 9RYNorton GreenFreshwater£432,4005

Least Expensive Streets in PO40 (Freshwater)

PostcodeStreetAreaAverageNo. of Sales
PO40 9BEDolphin Court, Silcombe LaneFreshwater£99,6663
PO40 9SZBrambles ChineFreshwater£104,5007
PO40 9AGTennyson RoadFreshwater£104,8754
PO40 9SQBrambles ChineFreshwater£108,6669
PO40 9SGBrambles ChineFreshwater£115,0003
PO40 9BQOrchard CloseFreshwater£134,3333
PO40 9EXQueens RoadFreshwater£141,6663
PO40 9XACliff End, Monks LaneFreshwater£142,3758
PO40 9FRRichmond Grange, Richmond CrescentFreshwater£156,6254
PO40 9DZSilcombe Court, Colwell LaneFreshwater£160,1663

Explore PO40 (Freshwater) using map

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