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House Prices in PO40 House Prices in PO40 (Freshwater)

The average house price in PO40 (Freshwater) is £286,875 using HM Land Registry data.

The average property price increased by £105,971 (24.2%) over the last 5 years and increased by £21,233 (3.7%) over the last 12 months.

Over the last year, there were 71 residential property sales – a decrease of 20 transactions (-28.17%) relative to the previous year. The majority of house sales (15) were in the £120,000 - £194,000 range. Then came properties in the £268,000 - £342,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 48 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,686 (-3%).

In Dec 24, there were 5 new estate agency instructions, 2 agreed home sales and 6 property price reductions.

Nearby Postcodes: PO30, PO31, PO32, PO33, PO36, PO38, PO39, PO41

5-Year Average Property Prices in PO40 (Freshwater)

24.2%

Property prices in Freshwater increased by 24.2% 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 PO40 (Freshwater) Over the Last Year

3.7%

Property prices in Freshwater increased by 3.7% 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 PO40 (Freshwater) - Dec 24

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 PO40 (Freshwater)

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 PO40 (Freshwater)

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 PO40 (Freshwater)

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 PO40 (Freshwater) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PO40 postcode area since 1995.

Recent Sales in PO40 (Freshwater)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Castaway, Guyers Road, Freshwater, Isle Of Wight, PO40 9QA£345,000£333,000-£12,00001 Mar 202413 Nov 2024257 Days
51 Golden Ridge, Freshwater, Isle Of Wight, PO40 9LF£475,000£460,000-£15,00004 Oct 202406 Nov 202433 Days
Rose Cottage, Norton Green, Freshwater, Isle Of Wight, PO40 9RX£375,000£365,000-£10,00023 Apr 202421 Oct 2024181 Days
2 Ronstan Gardens, Freshwater, Isle Of Wight, PO40 9DF£299,950£270,000-£29,95008 Jan 202430 Sep 2024266 Days
51 Parkway, Freshwater, Isle Of Wight, PO40 9DH£290,000£280,000-£10,00001 May 202424 Sep 2024146 Days
17 Millways, Freshwater, Isle Of Wight, PO40 9SF£294,000£287,500-£6,50023 May 202427 Aug 202496 Days
34 Solent Gardens, Freshwater, Isle Of Wight, PO40 9PN£260,000£250,000-£10,00030 Apr 202420 Aug 2024112 Days
12 Queens Close, Freshwater, Isle Of Wight, PO40 9EU£299,950£280,000-£19,95019 Jan 202417 Jun 2024150 Days
Maistone, Victoria Road, Freshwater, Isle Of Wight, PO40 9PU£360,000£345,000-£15,00012 Mar 202407 Jun 202487 Days
15 Parkway, Freshwater, Isle Of Wight, PO40 9DQ£265,000£237,500-£27,50002 Jan 202429 May 2024148 Days
23 Queens Close, Freshwater, Isle Of Wight, PO40 9EU£345,000£330,000-£15,00012 May 202307 May 2024361 Days
44 Sunset Close, Freshwater, Isle Of Wight, PO40 9JP£225,000£147,774-£77,22623 Aug 202312 Apr 2024233 Days
Woodleigh, Middleton, Freshwater, Isle Of Wight, PO40 9PA£385,000£385,000£0024 Aug 202328 Mar 2024217 Days
14 Selwood Road, Freshwater, Isle Of Wight, PO40 9RG£435,000£430,000-£5,00026 Jul 202308 Mar 2024226 Days
2 The Nurseries, Freshwater, Isle Of Wight, PO40 9FG£495,000£475,000-£20,00017 Nov 202305 Mar 2024109 Days
Alma Cottage, Colwell Lane, Freshwater, Isle Of Wight, PO40 9LT£255,000£240,000-£15,00005 Jul 202327 Feb 2024237 Days
Spinfish, Queens Road, Freshwater, Isle Of Wight, PO40 9EP£290,000£290,000£0023 Sep 202326 Jan 2024125 Days
14 Sunset Close, Freshwater, Isle Of Wight, PO40 9JR£195,000£185,000-£10,00018 Aug 202326 Jan 2024161 Days
Wisteria Cottage, Longhalves, Freshwater, Isle Of Wight, PO40 9AH£315,000£305,000-£10,00031 Jul 202305 Dec 2023127 Days
Flat 3, Afton Down House, Coastguard Lane, Freshwater, Isle Of Wight, PO40 9QU£269,950£258,000-£11,95015 Jun 202328 Nov 2023166 Days

Most Expensive Streets in PO40 (Freshwater)

PostcodeStreetAreaAverageNo. of Sales
PO40 9FYSmall Horse Farm CloseFreshwater£663,6254
PO40 9SWKitts CroftFreshwater£543,4005
PO40 9QREaston LaneFreshwater£537,5006
PO40 9FZHooke CloseFreshwater£466,81311
PO40 9GDGolden Hill Fort, Colwell RoadFreshwater£450,0003
PO40 9GFMeadows WayFreshwater£444,09520
PO40 9SHHeathfield RoadFreshwater£441,0003
PO40 9FGThe NurseriesFreshwater£439,1254
PO40 9RYNorton GreenFreshwater£436,7504
PO40 9PAMiddletonFreshwater£434,1666

Least Expensive Streets in PO40 (Freshwater)

PostcodeStreetAreaAverageNo. of Sales
PO40 9BEDolphin Court, Silcombe LaneFreshwater£99,6663
PO40 9SZBrambles ChineFreshwater£104,5007
PO40 9SQBrambles ChineFreshwater£112,5008
PO40 9BQOrchard CloseFreshwater£134,3333
PO40 9XACliff EndFreshwater£142,3758
PO40 9FQBrooklands, Queens RoadFreshwater£153,8005
PO40 9FRRichmond Grange, Richmond CrescentFreshwater£156,6254
PO40 9DZSilcombe Court, Colwell LaneFreshwater£160,1663
PO40 9JPSunset CloseFreshwater£169,2583
PO40 9AETennyson RoadFreshwater£183,5007

Explore PO40 (Freshwater) using map

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