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Ventnor House Prices Ventnor House Prices

The average house price in Ventnor is £313,600 using HM Land Registry data.

The average property price increased by £105,434 (39.82%) over the last 5 years and increased by £21,073 (6.04%) over the last 12 months.

Over the last year, there were 82 residential property sales – a decrease of 54 transactions (-65.85%) relative to the previous year. The majority of house sales (23) were in the £212,000 - £294,000 range. Then came properties in the £130,000 - £212,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 116 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,126 (-5%).

In April 2024, there were 29 new estate agency instructions, 6 agreed home sales and 18 property price reductions.

Postcodes Covered: PO38

5-Year Average Property Prices in Ventnor

39.82%

Property prices in Ventnor increased by 39.82% 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 Ventnor Over the Last Year

6.04%

Property prices in Ventnor increased by 6.04% 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 Ventnor - 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 Ventnor

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 Ventnor

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 Ventnor

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 Ventnor since 1995

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

Recent Property Sales in Ventnor

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 2, Teakwood, Spring Gardens, Ventnor, Isle Of Wight, PO38 1QX£180,000£179,500-£50018 Jan 202315 Feb 2024393 Days
102 Newport Road, Ventnor, Isle Of Wight, PO38 1BD£200,000£200,000£0028 Oct 202313 Feb 2024108 Days
22 Gills Cliff Road, Ventnor, Isle Of Wight, PO38 1LH£275,000£250,000-£25,00015 May 202323 Jan 2024253 Days
23 St Margarets Glade, Ventnor, Isle Of Wight, PO38 1DG£235,000£235,000£0030 Aug 202319 Jan 2024142 Days
23 North Street, Ventnor, Isle Of Wight, PO38 1NJ£155,000£145,000-£10,00018 Oct 202305 Jan 202479 Days
16 Downside, Ventnor, Isle Of Wight, PO38 1AL£260,000£260,000£0027 Jul 202315 Dec 2023141 Days
Pitts Keep, The Pitts, Ventnor, Isle Of Wight, PO38 1NT£865,000£850,000-£15,00002 Aug 202330 Nov 2023120 Days
Miramar View, Bonchurch Shute, Ventnor, Isle Of Wight, PO38 1QB£525,000£485,000-£40,00016 Jan 202323 Nov 2023311 Days
13a, St Margarets Glade, Ventnor, Isle Of Wight, PO38 1DG£200,000£190,000-£10,00014 Aug 202331 Oct 202378 Days
54 Newport Road, Ventnor, Isle Of Wight, PO38 1BB£254,000£254,000£0021 Mar 202306 Oct 2023199 Days
Rocksett, Undercliff Drive, St Lawrence, Ventnor, Isle Of Wight, PO38 1XX£535,000£469,000-£66,00009 Nov 202214 Sep 2023309 Days
62 Ocean View Road, Ventnor, Isle Of Wight, PO38 1AB£100,000£73,000-£27,00016 Nov 202225 Aug 2023282 Days
11 Ocean View Road, Ventnor, Isle Of Wight, PO38 1AA£159,950£155,000-£4,95006 Jun 202323 Aug 202378 Days
18 Gills Cliff Road, Ventnor, Isle Of Wight, PO38 1LH£399,000£250,000-£149,00022 Feb 202212 Jul 2023505 Days
8 Leeson Road, Bonchurch, Ventnor, Isle Of Wight, PO38 1PT£549,950£541,000-£8,95016 Dec 202226 Jun 2023192 Days
17b, Trinity Road, Ventnor, Isle Of Wight, PO38 1NL£240,000£225,000-£15,00002 Feb 202323 Jun 2023141 Days
37 Downlands Crescent, Ventnor, Isle Of Wight, PO38 1BE£240,000£228,000-£12,00010 Oct 202213 Jun 2023246 Days
16 Castle Court, Ventnor, Isle Of Wight, PO38 1UE£225,000£150,000-£75,00001 Feb 202309 Jun 2023128 Days
Horne Cottage, Pound Lane, Ventnor, Isle Of Wight, PO38 1HD£170,000£140,000-£30,00001 Mar 202326 May 202386 Days
14 Zig Zag Road, Ventnor, Isle Of Wight, PO38 1BZ£375,000£365,000-£10,00014 Feb 202322 May 202397 Days

Most Expensive Streets in Ventnor

PostcodeStreetAreaAverageNo. of Sales
PO38 1RNShore RoadVentnor£1,063,1663
PO38 1XROld Park RoadVentnor£1,006,6663
PO38 1RQBonchurch Village RoadVentnor£716,6663
PO38 1UHSteephill Court RoadVentnor£580,8336
PO38 1UUFishersVentnor£575,0003
PO38 1RGBonchurch Village RoadVentnor£569,1175
PO38 1RWGrangesideVentnor£531,2504
PO38 1XTHunts RoadSt Lawrence£528,1254
PO38 1UXInglewood ParkVentnor£516,3336
PO38 1UYSeven Sisters RoadVentnor£504,0005

Least Expensive Streets in Ventnor

PostcodeStreetAreaAverageNo. of Sales
PO38 1DUMitchell AvenueVentnor£90,0003
PO38 1ETVictoria StreetVentnor£102,7504
PO38 1RPWestfield BungalowsVentnor£117,5628
PO38 1LTHigh StreetVentnor£119,54511
PO38 1LUHigh StreetVentnor£141,7504
PO38 1EUAlbert StreetVentnor£141,7504
PO38 1NLTrinity RoadVentnor£143,09510
PO38 1HGSt Catherine StreetVentnor£145,5004
PO38 1AAOcean View RoadVentnor£146,09011
PO38 1JUMelbourneAlma Road£148,6053

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