Freshwater and Totland House Prices Freshwater and Totland House Prices

The average house price in Freshwater and Totland is £344,500 using HM Land Registry data.

The average property price increased by £122,119 (46.87%) over the last 5 years and increased by £24,407 (6.81%) over the last 12 months.

Over the last year, there were 126 residential property sales – a decrease of 53 transactions (-42.06%) relative to the previous year. The majority of house sales (26) were in the £310,000 - £390,000 range. Then came properties in the £230,000 - £310,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 91 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,210 (-4%).

In April 2024, there were 29 new estate agency instructions, 19 agreed home sales and 22 property price reductions.

5-Year Average Property Prices in Freshwater and Totland

46.87%

Property prices in Freshwater and Totland increased by 46.87% 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 Freshwater and Totland Over the Last Year

6.81%

Property prices in Freshwater and Totland increased by 6.81% 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 Freshwater and Totland - 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 Freshwater and Totland

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 Freshwater and Totland

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 Freshwater and Totland

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 Freshwater and Totland since 1995

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

Recent Property Sales in Freshwater and Totland

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
14 Selwood Road, Freshwater, Isle Of Wight, PO40 9RG£435,000£430,000-£5,00026 Jul 202308 Mar 2024226 Days
Alma Cottage, Colwell Lane, Freshwater, Isle Of Wight, PO40 9LT£255,000£240,000-£15,00005 Jul 202327 Feb 2024237 Days
Spinfish, Queens Road, Freshwater, Isle Of Wight, PO40 9EP£290,000£290,000£0023 Sep 202326 Jan 2024125 Days
22 Fairfield Way, Totland Bay, Isle Of Wight, PO39 0EF£325,000£172,500-£152,50029 Jun 202326 Jan 2024211 Days
Blue Skies, Moons Hill, Totland Bay, Isle Of Wight, PO39 0HU£425,000£420,000-£5,00005 May 202306 Dec 2023215 Days
Wisteria Cottage, Longhalves, Freshwater, Isle Of Wight, PO40 9AH£315,000£305,000-£10,00031 Jul 202305 Dec 2023127 Days
Flat 3, Afton Down House, Coastguard Lane, Freshwater, Isle Of Wight, PO40 9QU£269,950£258,000-£11,95015 Jun 202328 Nov 2023166 Days
30 Golden Ridge, Freshwater, Isle Of Wight, PO40 9LF£339,950£339,950£0030 Jul 202323 Nov 2023116 Days
30 Fairfield Way, Totland Bay, Isle Of Wight, PO39 0EF£320,000£320,000£0018 Aug 202322 Nov 202396 Days
29 Edinburgh Road, Freshwater, Isle Of Wight, PO40 9DN£230,000£225,000-£5,00010 Jun 202315 Nov 2023158 Days
6 Jameson Gardens, Totland Bay, Isle Of Wight, PO39 0AA£270,000£208,500-£61,50023 Feb 202315 Nov 2023265 Days
Flat 3, Silcombe Court, Colwell Lane, Freshwater, Isle Of Wight, PO40 9DZ£155,000£150,500-£4,50030 Jun 202308 Nov 2023131 Days
7 Trevanions Way, Totland Bay, Isle Of Wight, PO39 0JL£470,000£470,000£0025 Apr 202326 Oct 2023184 Days
2b, Hurst Point View, Totland Bay, Isle Of Wight, PO39 0AW£310,000£290,000-£20,00015 May 202316 Oct 2023154 Days
14 Jameson Gardens, Totland Bay, Isle Of Wight, PO39 0AA£297,500£297,500£0017 May 202316 Oct 2023152 Days
2 Birch Close, Freshwater, Isle Of Wight, PO40 9SD£400,000£390,000-£10,00005 Jul 202311 Oct 202398 Days
21 Granville Road, Totland Bay, Isle Of Wight, PO39 0JS£320,000£315,000-£5,00022 Jun 202310 Oct 2023110 Days
Cedar Lodge, Bedbury Lane, Freshwater, Isle Of Wight, PO40 9PD£300,000£300,000£0013 Jul 202305 Oct 202384 Days
Flat 22, Aman Court, Granville Road, Totland Bay, Isle Of Wight, PO39 0BG£345,000£335,000-£10,00022 Mar 202322 Sep 2023184 Days
Skagway, Camp Road, Freshwater, Isle Of Wight, PO40 9HL£425,000£380,000-£45,00007 Sep 202314 Sep 20237 Days

Most Expensive Streets in Freshwater and Totland

PostcodeStreetAreaAverageNo. of Sales
PO39 0ESAlum Bay New RoadTotland Bay£757,18111
PO39 0FHFern Bank CloseTotland Bay£731,8754
PO39 0EWCliff RoadTotland Bay£696,6666
PO40 9FYSmall Horse Farm CloseFreshwater£620,9005
PO39 0HEWeston LaneTotland Bay£555,8336
PO40 9SWKitts CroftFreshwater£543,4005
PO40 9QREaston LaneFreshwater£538,0005
PO40 9UDManor RoadFreshwater£520,8333
PO39 0BJMadeira RoadTotland Bay£492,5003
PO40 9RYNorton GreenFreshwater£474,4005

Least Expensive Streets in Freshwater and Totland

PostcodeStreetAreaAverageNo. of Sales
PO39 0BWAfton GalleryThe Broadway£100,3005
PO40 9SQBrambles ChineFreshwater£101,8758
PO40 9SZBrambles ChineFreshwater£104,5007
PO40 9BQOrchard CloseFreshwater£134,5004
PO40 9FFBrookside CloseFreshwater£136,0003
PO39 0AUGranville CourtBroadway£141,7504
PO40 9FRRichmond GrangeRichmond Crescent£152,3005
PO40 9FQBrooklandsQueens Road£153,8754
PO40 9DZSilcombe CourtColwell Lane£160,1663
PO40 9AQOak VillasFreshwater£167,0003

Explore Freshwater and Totland and Neighbouring Area House Prices