FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in Newport (Isle of Wight)

Newport (Isle of Wight) House Prices Newport (Isle of Wight) House Prices

The average house price in Newport (Isle of Wight) is £179,571 using HM Land Registry data.

The average property price increased by £38,697 (19.48%) over the last 5 years and increased by £7,734 (3.37%) over the last 12 months.

Over the last year, there were 258 residential property sales – a decrease of 189 transactions (-73.26%) relative to the previous year. The majority of house sales (51) were in the £202,000 - £248,000 range. Then came properties in the £156,000 - £202,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 70 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,554 (-2%).

In April 2024, there were 64 new estate agency instructions, 44 agreed home sales and 44 property price reductions.

Postcodes Covered: PO30

5-Year Average Property Prices in Newport (Isle of Wight)

19.48%

Property prices in Newport (Isle of Wight) increased by 19.48% 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 Newport (Isle of Wight) Over the Last Year

3.37%

Property prices in Newport (Isle of Wight) increased by 3.37% 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 Newport (Isle of Wight) - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 Newport (Isle of Wight)

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 Newport (Isle of Wight)

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 Newport (Isle of Wight)

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 Newport (Isle of Wight) since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Newport (Isle of Wight) area since 1995.

Recent Property Sales in Newport (Isle of Wight)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
34 Cowes Road, Newport, Isle Of Wight, PO30 5TW£325,000£315,000-£10,00021 Sep 202314 Mar 2024175 Days
23 Nelson Road, Newport, Isle Of Wight, PO30 1RE£199,000£170,000-£29,00023 Oct 202308 Mar 2024137 Days
70 Mayfield Drive, Newport, Isle Of Wight, PO30 2DR£225,000£218,000-£7,00004 Dec 202308 Mar 202495 Days
58 Standen Avenue, Camp Hill, Newport, Isle Of Wight, PO30 5PQ£250,000£247,000-£3,00015 Sep 202307 Mar 2024174 Days
18 Prior Crescent, Newport, Isle Of Wight, PO30 5NT£250,000£227,000-£23,00005 Jul 202316 Feb 2024226 Days
4 Kitbridge Road, Newport, Isle Of Wight, PO30 5RF£330,000£315,000-£15,00003 Nov 202306 Feb 202495 Days
19 Melbourne Street, Newport, Isle Of Wight, PO30 1QY£160,000£160,000£0011 May 202305 Feb 2024270 Days
12 Alvington Road, Newport, Isle Of Wight, PO30 5AR£450,000£435,000-£15,00018 Sep 202305 Feb 2024140 Days
66 Worsley Road, Newport, Isle Of Wight, PO30 5JD£200,000£185,000-£15,00001 Jul 202301 Feb 2024215 Days
Flat 40, Somers Brook Court, Foxes Road, Newport, Isle Of Wight, PO30 5UN£199,950£130,000-£69,95018 Oct 201631 Jan 20242661 Days
32a, St Johns Road, Newport, Isle Of Wight, PO30 1LW£300,000£300,000£0026 Sep 202330 Jan 2024126 Days
Flat 47, Somers Brook Court, Foxes Road, Newport, Isle Of Wight, PO30 5UN£230,000£150,000-£80,00007 Dec 201726 Jan 20242241 Days
7 Miller Close, Newport, Isle Of Wight, PO30 5PS£399,950£380,000-£19,95014 Apr 202324 Jan 2024285 Days
32 Royal Exchange, Newport, Isle Of Wight, PO30 2HN£210,000£209,000-£1,00012 May 202324 Jan 2024257 Days
44 College Road, Newport, Isle Of Wight, PO30 1HB£315,000£310,000-£5,00016 Oct 202322 Jan 202498 Days
100 Hunnyhill, Newport, Isle Of Wight, PO30 5HN£175,000£175,000£0013 Sep 202318 Jan 2024127 Days
5 St Johns Place, Newport, Isle Of Wight, PO30 1LH£325,000£315,000-£10,00013 Feb 202316 Jan 2024337 Days
Flat 44, Somers Brook Court, Foxes Road, Newport, Isle Of Wight, PO30 5UN£206,450£118,000-£88,45025 Aug 201620 Dec 20232673 Days
18 Fairlee Road, Newport, Isle Of Wight, PO30 2EJ£190,000£185,000-£5,00024 Apr 202315 Dec 2023235 Days
1 Whitesmith Road, Newport, Isle Of Wight, PO30 5HY£280,000£277,000-£3,00028 Sep 202313 Dec 202376 Days

Most Expensive Streets in Newport (Isle of Wight)

PostcodeStreetAreaAverageNo. of Sales
PO30 1DFCarisbrooke RoadNewport£560,0003
PO30 5JNDodnor MewsNewport£540,8005
PO30 1NYNodgham LaneNewport£455,0005
PO30 1EYCypress RoadNewport£451,2506
PO30 1LSSt Nicholas PlaceNewport£451,0003
PO30 1XNWatergate RoadNewport£428,6663
PO30 2NJBuckbury LaneNewport£424,5836
PO30 1NASt Nicholas CloseNewport£406,6663
PO30 1PAClatterford RoadNewport£392,0007
PO30 1XPWatergate RoadNewport£389,5485

Least Expensive Streets in Newport (Isle of Wight)

PostcodeStreetAreaAverageNo. of Sales
PO30 5JLLugley StreetNewport£58,8754
PO30 5GAHomewight HouseCrocker Street, Newport£75,40128
PO30 1ARSavoy CourtTown Lane£83,63315
PO30 1SPRolla CourtNew Street, Newport£94,1254
PO30 5GNSnowberry RoadNewport£101,9287
PO30 1RHChandler CloseNewport£114,0003
PO30 2DZRobin Hood StreetNewport£114,6663
PO30 5JYCrocker StreetNewport£116,3333
PO30 1DQCarisbrooke RoadNewport£120,5505
PO30 5AADrill Hall RoadNewport£122,00010

Explore Newport (Isle of Wight) and Neighbouring Area House Prices

Sell Your
House Fast
Property Auctions Isle of Wight
Property Auctions Isle of Wight
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark