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Sandown House Prices Sandown House Prices

The average house price in Sandown is £230,444 using HM Land Registry data.

The average property price increased by £88,647 (46.77%) over the last 5 years and increased by £17,717 (6.8%) over the last 12 months.

Over the last year, there were 129 residential property sales – a decrease of 85 transactions (-65.89%) relative to the previous year. The majority of house sales (27) were in the £186,000 - £242,000 range. Then came properties in the £298,000 - £354,000 range, where 27 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 101 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,555 (-2%).

In April 2024, there were 38 new estate agency instructions, 27 agreed home sales and 29 property price reductions.

Neighbouring Areas: Shanklin

Postcodes Covered: PO36, PO37

5-Year Average Property Prices in Sandown

46.77%

Property prices in Sandown increased by 46.77% 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 Sandown Over the Last Year

6.8%

Property prices in Sandown increased by 6.8% 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 Sandown - 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 Sandown

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 Sandown

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 Sandown

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 Sandown since 1995

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

Recent Property Sales in Sandown

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 Brinkcliffe Gardens, Lake, Sandown, Isle Of Wight, PO36 8PS£139,950£139,950£0028 Mar 202313 Mar 2024351 Days
93 Perowne Way, Sandown, Isle Of Wight, PO36 9DR£270,000£262,500-£7,50016 Feb 202401 Mar 202414 Days
Flat 3, James Court, Leed Street, Sandown, Isle Of Wight, PO36 8JQ£145,000£142,500-£2,50016 Feb 202401 Mar 202414 Days
22 James Avenue, Sandown, Isle Of Wight, PO36 9NH£275,000£265,000-£10,00012 Oct 202302 Feb 2024113 Days
6 The Warren, Sandown, Isle Of Wight, PO36 9PN£125,000£122,000-£3,00012 Jul 202331 Jan 2024203 Days
18 Fairmead Close, Sandown, Isle Of Wight, PO36 9HH£160,000£158,000-£2,00017 Aug 202329 Jan 2024165 Days
16 Cherry Side, Sandown, Isle Of Wight, PO36 9LU£269,950£269,950£0021 Jul 202325 Jan 2024188 Days
26 Carter Street, Sandown, Isle Of Wight, PO36 8BL£295,000£295,000£0008 Sep 202324 Jan 2024138 Days
7 Lake Green Road, Sandown, Isle Of Wight, PO36 9HW£239,950£235,000-£4,95008 Sep 202323 Jan 2024137 Days
3 Park Rise, Sandown, Isle Of Wight, PO36 9FJ£560,000£550,000-£10,00020 Jul 202312 Jan 2024176 Days
3 Blackpan Close, Sandown, Isle Of Wight, PO36 9QH£220,000£217,500-£2,50026 Sep 202311 Jan 2024107 Days
11 Cliff Way, Lake, Sandown, Isle Of Wight, PO36 8PR£235,000£235,000£0016 Sep 202320 Dec 202395 Days
53 Central Way, Sandown, Isle Of Wight, PO36 9DW£210,000£195,000-£15,00001 Aug 202313 Dec 2023134 Days
10 Park Mews, Sandown, Isle Of Wight, PO36 9BL£205,000£200,000-£5,00028 Jul 202311 Dec 2023136 Days
7 Home Farm Close, Sandown, Isle Of Wight, PO36 9QF£325,000£320,000-£5,00031 Jul 202308 Dec 2023130 Days
54 Station Avenue, Sandown, Isle Of Wight, PO36 8HL£250,000£250,000£0021 Apr 202301 Dec 2023224 Days
5e, Carter Street, Sandown, Isle Of Wight, PO36 8BL£205,000£195,000-£10,00016 Aug 202324 Nov 2023100 Days
76 The Fairway, Lake, Sandown, Isle Of Wight, PO36 9EQ£520,000£505,000-£15,00010 May 202323 Nov 2023197 Days
3 Araluen Way, Sandown, Isle Of Wight, PO36 8PP£379,000£365,000-£14,00031 Mar 202323 Nov 2023237 Days
2 Cherry Side, Sandown, Isle Of Wight, PO36 9LU£355,000£340,000-£15,00018 May 202323 Nov 2023189 Days

Most Expensive Streets in Sandown

PostcodeStreetAreaAverageNo. of Sales
PO36 9BYBroadwaySandown£429,1258
PO36 9EGThe FairwaySandown£420,4166
PO36 8ATCulver ParadeSandown£417,7857
PO36 9DENunwell StreetSandown£392,0004
PO36 9EQThe FairwaySandown£386,2504
PO36 8FEBreakwater WaySandown£366,8779
PO36 9EFThe FairwaySandown£345,5005
PO36 9BGGrove RoadSandown£340,0003
PO36 8FBRoyal Cliff ApartmentsGrange Road£332,35217
PO36 8NDBeachfield RoadSandown£328,8577

Least Expensive Streets in Sandown

PostcodeStreetAreaAverageNo. of Sales
PO36 9JPSandown RoadSandown£89,1663
PO36 8NUCliff CourtCurrie Road£100,83619
PO36 9JXSandown RoadSandown£112,01130
PO36 9ARThe CloistersSandown£115,7504
PO36 8AQHigh StreetSandown£116,9833
PO36 9BZBroadwaySandown£117,6005
PO36 9EBBroadwaySandown£122,0004
PO36 9LJWilmar LodgeSandown Road£124,5005
PO36 9HHFairmead CloseSandown£128,3333
PO36 9PNThe WarrenSandown£128,5008

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