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Bembridge House Prices Bembridge House Prices

The average house price in Bembridge is £365,000 using HM Land Registry data.

The average property price increased by £149,161 (36.7%) over the last 5 years and increased by £29,812 (5.67%) over the last 12 months.

Over the last year, there were 52 residential property sales – a decrease of 21 transactions (-40.38%) relative to the previous year. The majority of house sales (14) were in the £442,000 - £558,000 range. Then came properties in the £210,000 - £326,000 range, where 9 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 112 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-48,325 (-6%).

In April 2024, there were 14 new estate agency instructions, 12 agreed home sales and 11 property price reductions.

Postcodes Covered: PO35

5-Year Average Property Prices in Bembridge

36.7%

Property prices in Bembridge increased by 36.7% 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 Bembridge Over the Last Year

5.67%

Property prices in Bembridge increased by 5.67% 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 Bembridge - April 2024

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 Bembridge

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 Bembridge

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 Bembridge

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 Bembridge since 1995

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

Recent Property Sales in Bembridge

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 5, Highbury Court, Lane End Road, Bembridge, Isle Of Wight, PO35 5SU£140,000£127,000-£13,00024 Mar 202324 Nov 2023245 Days
7 Walls Road, Bembridge, Isle Of Wight, PO35 5RA£410,000£392,000-£18,00027 Jan 202316 Nov 2023293 Days
10 Brook Furlong, Bembridge, Isle Of Wight, PO35 5QR£365,000£355,000-£10,00026 Dec 202201 Sep 2023249 Days
Apartment 3, Silver Sands Court, Church Road, Bembridge, Isle Of Wight, PO35 5AA£310,000£300,000-£10,00007 Mar 201611 Aug 20232713 Days
17 Beachfield Road, Bembridge, Isle Of Wight, PO35 5TN£535,000£527,000-£8,00030 Jan 202326 May 2023116 Days
Culverdene, Lane End Road, Bembridge, Isle Of Wight, PO35 5SZ£545,000£535,000-£10,00024 Mar 202322 May 202359 Days
4 Beachfield Road, Bembridge, Isle Of Wight, PO35 5TN£399,950£390,000-£9,95017 Feb 202328 Apr 202370 Days
46a, Lincoln Way, Bembridge, Isle Of Wight, PO35 5RR£320,000£320,000£0015 Apr 202106 Apr 2023721 Days
76 Foreland Road, Bembridge, Isle Of Wight, PO35 5UD£1,100,000£1,050,000-£50,00023 Mar 202306 Apr 202314 Days
51 High Street, Bembridge, Isle Of Wight, PO35 5SE£775,000£746,400-£28,60013 Oct 202231 Mar 2023169 Days
51 High Street, Bembridge, Isle Of Wight, PO35 5SE£775,000£746,400-£28,60013 Oct 202231 Mar 2023169 Days
40 Meadow Drive, Bembridge, Isle Of Wight, PO35 5YA£595,000£505,000-£90,00021 Dec 202230 Mar 202399 Days
40 Meadow Drive, Bembridge, Isle Of Wight, PO35 5YA£550,000£505,000-£45,00018 Jan 202330 Mar 202371 Days
White House, Ducie Avenue, Bembridge, Isle Of Wight, PO35 5NE£1,450,000£1,250,000-£200,00021 Oct 202223 Mar 2023153 Days
White House, Ducie Avenue, Bembridge, Isle Of Wight, PO35 5NE£1,450,000£1,250,000-£200,00021 Oct 202223 Mar 2023153 Days
8 Grange Gardens, Bembridge, Isle Of Wight, PO35 5SR£170,000£160,000-£10,00010 Aug 202202 Mar 2023204 Days
Mill Reach, Kings Road, Bembridge, Isle Of Wight, PO35 5NT£600,000£600,000£0013 Feb 202324 Feb 202311 Days
11 St Lukes Drive, Bembridge, Isle Of Wight, PO35 5XA£575,000£560,000-£15,00001 Sep 202224 Feb 2023176 Days
58 Meadow Drive, Bembridge, Isle Of Wight, PO35 5XU£550,000£540,000-£10,00007 Feb 202308 Feb 20231 Days
22 Lincoln Way, Bembridge, Isle Of Wight, PO35 5QJ£315,000£315,000£0026 Aug 202206 Jan 2023133 Days

Most Expensive Streets in Bembridge

PostcodeStreetAreaAverageNo. of Sales
PO35 5STSwains LaneBembridge£1,433,5527
PO35 5NAHarbour MountBembridge£973,3333
PO35 5NEMaritime MewsBembridge£914,1258
PO35 5XSSwains RoadBembridge£875,86311
PO35 5RYSherbourne StreetBembridge£819,1663
PO35 5XPNorthclose RoadBembridge£818,3333
PO35 5XRSwains RoadBembridge£765,0004
PO35 5UDForeland RoadBembridge£700,0003
PO35 5TLPaddock DriveBembridge£688,3336
PO35 5AJSamphire WalkBembridge£638,7504

Least Expensive Streets in Bembridge

PostcodeStreetAreaAverageNo. of Sales
PO35 5XGElms CourtBembridge£158,7077
PO35 5SNElizabeth CourtHigh Street, Bembridge£163,3333
PO35 5XNForeland RoadBembridge£166,2504
PO35 5SRGrange GardensBembridge£199,1427
PO35 5SULane End RoadBembridge£209,7504
PO35 5UYManna RoadBembridge£239,0005
PO35 5QJLincoln WayBembridge£246,2005
PO35 5RXWoodlandsForeland Road£264,8333
PO35 5QLLincoln WayBembridge£267,6663
PO35 5RRLincoln WayBembridge£274,6666

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