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House Prices in PO37 House Prices in PO37 (Shanklin)

The average house price in PO37 (Shanklin) is £255,000 using HM Land Registry data.

The average property price increased by £19,556 (52.58%) over the last 5 years and increased by £3,917 (6.73%) over the last 12 months.

Over the last year, there were 119 residential property sales – a decrease of 26 transactions (-21.85%) relative to the previous year. The majority of house sales (27) were in the £184,000 - £258,000 range. Then came properties in the £110,000 - £184,000 range, where 26 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 102 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,540 (-3%).

In January 2025, there were 39 new estate agency instructions, 12 agreed home sales and 36 property price reductions.

Nearby Postcodes: PO30, PO33, PO35, PO36, PO38

5-Year Average Property Prices in PO37 (Shanklin)

52.58%

Property prices in PO37 (Shanklin) increased by 52.58% 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 PO37 (Shanklin) Over the Last Year

6.73%

Property prices in PO37 (Shanklin) increased by 6.73% 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 PO37 (Shanklin) - January 2025

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 PO37 (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 PO37 (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 PO37 (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 PO37 (Shanklin) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PO37 postcode area since 1995.

Recent Sales in PO37 (Shanklin)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
68 Wilton Road, Shanklin, Isle Of Wight, PO37 7BZ£210,000£183,000-£27,00010 Sep 202417 Dec 202498 Days
26 Hyde Road, Shanklin, Isle Of Wight, PO37 7LE£399,950£395,000-£4,95027 Aug 202411 Dec 2024106 Days
13 Witbank Gardens, Shanklin, Isle Of Wight, PO37 7JE£350,000£347,500-£2,50006 Aug 202405 Dec 2024121 Days
78 Green Lane, Shanklin, Isle Of Wight, PO37 7HD£350,000£350,000£024 Jun 202428 Nov 2024157 Days
22 Fir Tree Close, Shanklin, Isle Of Wight, PO37 7EX£300,000£292,000-£8,00003 Jul 202415 Nov 2024135 Days
Moorvale, Whitecross Lane, Shanklin, Isle Of Wight, PO37 7EJ£449,950£430,000-£19,95010 Jul 202408 Nov 2024121 Days
27 Wilton Road, Shanklin, Isle Of Wight, PO37 7DA£265,000£265,000£028 Aug 202418 Oct 202451 Days
4 Downland View, Shanklin, Isle Of Wight, PO37 7EE£270,000£255,000-£15,00001 Jul 202415 Oct 2024106 Days
5 Oak Hills, Shanklin, Isle Of Wight, PO37 7QJ£325,000£320,000-£5,00021 Mar 202423 Sep 2024186 Days
40 Orchard Road, Shanklin, Isle Of Wight, PO37 7NX£295,000£290,000-£5,00003 Jun 202411 Sep 2024100 Days
64 North Road, Shanklin, Isle Of Wight, PO37 6DF£150,000£110,000-£40,00013 Jun 202430 Aug 202478 Days
12b, Clarence Road, Shanklin, Isle Of Wight, PO37 7BH£200,000£192,000-£8,00007 Feb 202430 Aug 2024205 Days
15 Florence Road, Shanklin, Isle Of Wight, PO37 6NY£425,000£420,000-£5,00029 May 202429 Aug 202492 Days
7 Cedar Drive, Shanklin, Isle Of Wight, PO37 7EN£345,000£328,000-£17,00012 Apr 202428 Aug 2024138 Days
8 Cedar Drive, Shanklin, Isle Of Wight, PO37 7ED£300,000£300,000£004 Mar 202423 Aug 2024172 Days
Flat 39, Shanklin Towers, Prospect Road, Shanklin, Isle Of Wight, PO37 6AD£225,000£215,000-£10,00022 Sep 202323 Aug 2024336 Days
26 Carter Avenue, Shanklin, Isle Of Wight, PO37 7LG£409,950£405,000-£4,95005 Feb 202409 Aug 2024186 Days
39 Sandy Lane, Shanklin, Isle Of Wight, PO37 7DT£475,000£475,000£026 May 202318 Jun 2024389 Days
8 Lucerne Road, Shanklin, Isle Of Wight, PO37 7JL£265,000£247,500-£17,50020 Dec 202314 Jun 2024177 Days
20 Church Road, Shanklin, Isle Of Wight, PO37 6NU£275,000£230,000-£45,00018 Apr 202306 Jun 2024415 Days

Most Expensive Streets in PO37 (Shanklin)

PostcodeStreetAreaAverageNo. of Sales
PO37 6FJWoodlandsShanklin£780,0003
PO37 7NWRushcloseShanklin£665,0006
PO37 6RFPopham RoadShanklin£605,0006
PO37 6RRLuccombe RoadShanklin£547,3163
PO37 6QBWesthill RoadShanklin£533,3333
PO37 6LXHungerberry CloseShanklin£521,0005
PO37 6AGChine AvenueShanklin£514,6427
PO37 6PTWesthill RoadShanklin£475,0004
PO37 6HSLittlestairs RoadShanklin£475,0004
PO37 7NXOrchard RoadShanklin£458,49510

Least Expensive Streets in PO37 (Shanklin)

PostcodeStreetAreaAverageNo. of Sales
PO37 6JYHigh StreetShanklin£94,0003
PO37 6NWSuvretta House, Grange RoadShanklin£94,8005
PO37 6JJHigh StreetShanklin£99,8005
PO37 6LGVictoria AvenueShanklin£112,2505
PO37 6BUCorinthian Court, Cross Street, ShanklinShanklin£123,5003
PO37 6FFHope RoadShanklin£130,14219
PO37 7NLBlythe WayShanklin£142,61615
PO37 6DBNorth RoadShanklin£153,3336
PO37 6AUPalmerston RoadShanklin£154,2504
PO37 6DENorth RoadShanklin£158,5006

Explore PO37 (Shanklin) using map

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