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Shanklin House Prices Shanklin House Prices

The average house price in Shanklin is £161,490 using HM Land Registry data.

The average property price increased by £73,931 (29.94%) over the last 5 years and increased by £14,776 (4.83%) over the last 12 months.

Over the last year, there were 115 residential property sales – a decrease of 89 transactions (-77.39%) relative to the previous year. The majority of house sales (30) were in the £248,000 - £312,000 range. Then came properties in the £120,000 - £184,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 140 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 37 new estate agency instructions, 20 agreed home sales and 23 property price reductions.

Neighbouring Areas: Sandown

Postcodes Covered: PO36, PO37

5-Year Average Property Prices in Shanklin

29.94%

Property prices in Shanklin increased by 29.94% 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 Shanklin Over the Last Year

4.83%

Property prices in Shanklin increased by 4.83% 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 Shanklin - 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 Shanklin

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 Shanklin

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 Shanklin

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 Shanklin since 1995

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

Recent Property Sales in Shanklin

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
41a, Blythe Way, Shanklin, Isle Of Wight, PO37 7NL£99,950£95,000-£4,95005 Jan 202407 Mar 202462 Days
14 Chelsfield Avenue, Lake, Sandown, Isle Of Wight, PO36 9NP£385,000£375,000-£10,00011 Sep 202322 Feb 2024164 Days
5 Hungerberry Close, Shanklin, Isle Of Wight, PO37 6LX£349,950£340,000-£9,95014 Aug 202321 Feb 2024191 Days
5 St Georges Road, Shanklin, Isle Of Wight, PO37 6BA£325,000£317,000-£8,00019 Sep 202307 Feb 2024141 Days
11 Landguard Road, Shanklin, Isle Of Wight, PO37 7JU£175,000£165,000-£10,00017 Oct 202319 Jan 202494 Days
Flat 6, Luccombe Court, Priory Road, Shanklin, Isle Of Wight, PO37 6RE£219,950£210,000-£9,95017 Aug 202322 Dec 2023127 Days
56 Green Lane, Shanklin, Isle Of Wight, PO37 7EA£275,000£252,000-£23,00026 Jul 202330 Nov 2023127 Days
Flat 5, Northcliff Heights, Northcliff Gardens, Shanklin, Isle Of Wight, PO37 6ES£275,000£250,000-£25,00029 Oct 202214 Nov 2023381 Days
31 North Road, Shanklin, Isle Of Wight, PO37 6DE£210,000£202,000-£8,00022 Sep 202309 Nov 202348 Days
Cedarwood, Howard Road, Shanklin, Isle Of Wight, PO37 6HD£595,000£590,000-£5,00021 Mar 202308 Nov 2023232 Days
14 King Edward Close, Shanklin, Isle Of Wight, PO37 7DW£450,000£426,000-£24,00005 May 202307 Nov 2023186 Days
7 Scinde Crescent, Shanklin, Isle Of Wight, PO37 6DD£260,000£230,000-£30,00011 Mar 202303 Nov 2023237 Days
Little Garth, Westhill Road, Shanklin, Isle Of Wight, PO37 6PY£375,000£375,000£0029 Jun 202301 Nov 2023125 Days
20 Landguard Road, Shanklin, Isle Of Wight, PO37 7JU£259,950£259,950£0005 Jun 202331 Oct 2023148 Days
2 Witbank Close, Shanklin, Isle Of Wight, PO37 7DQ£429,950£420,000-£9,95018 Apr 202302 Oct 2023167 Days
16 Orchard Road, Shanklin, Isle Of Wight, PO37 7NX£320,000£315,000-£5,00005 Jul 202322 Sep 202379 Days
20 Whitecross Avenue, Shanklin, Isle Of Wight, PO37 7EW£375,000£365,000-£10,00007 Apr 202315 Sep 2023161 Days
113 Carter Avenue, Shanklin, Isle Of Wight, PO37 7NQ£270,000£270,000£0022 Apr 202315 Sep 2023146 Days
23 Spring Gardens, Shanklin, Isle Of Wight, PO37 7AQ£290,000£290,000£0020 Dec 202212 Sep 2023266 Days
17 Landguard Manor Road, Shanklin, Isle Of Wight, PO37 7HZ£260,000£260,000£0017 Apr 202312 Sep 2023148 Days

Most Expensive Streets in Shanklin

PostcodeStreetAreaAverageNo. of Sales
PO37 6FJWoodlandsShanklin£699,0005
PO37 7NWRushcloseShanklin£660,0006
PO37 6RFPopham RoadShanklin£613,3333
PO37 6RRLuccombe RoadShanklin£547,3163
PO37 6AGChine AvenueShanklin£514,6427
PO37 6ERCulver RoadShanklin£481,6663
PO37 7NXOrchard RoadShanklin£477,2169
PO37 6HSLittlestairs RoadShanklin£476,6666
PO37 6PTWesthill RoadShanklin£474,7504
PO37 6HAClarence GardensShanklin£461,2504

Least Expensive Streets in Shanklin

PostcodeStreetAreaAverageNo. of Sales
PO37 6NWSuvretta HouseGrange Road£91,0004
PO37 6JYHigh StreetShanklin£94,0003
PO37 6JJHigh StreetShanklin£99,5004
PO37 6LGVictoria AvenueShanklin£112,2505
PO37 6DBNorth RoadShanklin£124,1666
PO37 6FFHope RoadShanklin£130,63220
PO37 6DENorth RoadShanklin£136,3336
PO37 6AUPalmerston RoadShanklin£141,3333
PO37 7NLBlythe WayShanklin£144,53413
PO37 6AEProspect RoadShanklin£169,1336

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