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House Prices in PO40

The average house price in PO40 (Freshwater) is £0 using HM Land Registry data.

The average property price increased by £107,932 (24.2%) over the last 5 years and increased by £21,626 (3.7%) over the last 12 months.

Over the last year, there were 67 residential property sales – a decrease of 38 transactions (-56.72%) relative to the previous year. The majority of house sales (15) were in the £120,000 - £200,000 range. Then came properties in the £200,000 - £280,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,883 (-2%).

In Oct 24, there were new estate agency instructions, agreed home sales and property price reductions.

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.

Property Market Heat Gauge for PO40 (Freshwater) - Oct 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 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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
12 Queens Close, Freshwater, Isle Of Wight, PO40 9EU	£299,950	£280,000	-£19,950	19 Jan 2024	17 Jun 2024	150 Days
15 Parkway, Freshwater, Isle Of Wight, PO40 9DQ	£265,000	£237,500	-£27,500	02 Jan 2024	29 May 2024	148 Days
23 Queens Close, Freshwater, Isle Of Wight, PO40 9EU	£345,000	£330,000	-£15,000	12 May 2023	07 May 2024	361 Days
44 Sunset Close, Freshwater, Isle Of Wight, PO40 9JP	£225,000	£147,774	-£77,226	23 Aug 2023	12 Apr 2024	233 Days
Woodleigh, Middleton, Freshwater, Isle Of Wight, PO40 9PA	£385,000	£385,000	£00	24 Aug 2023	28 Mar 2024	217 Days
14 Selwood Road, Freshwater, Isle Of Wight, PO40 9RG	£435,000	£430,000	-£5,000	26 Jul 2023	08 Mar 2024	226 Days
2 The Nurseries, Freshwater, Isle Of Wight, PO40 9FG	£495,000	£475,000	-£20,000	17 Nov 2023	05 Mar 2024	109 Days
Alma Cottage, Colwell Lane, Freshwater, Isle Of Wight, PO40 9LT	£255,000	£240,000	-£15,000	05 Jul 2023	27 Feb 2024	237 Days
Spinfish, Queens Road, Freshwater, Isle Of Wight, PO40 9EP	£290,000	£290,000	£00	23 Sep 2023	26 Jan 2024	125 Days
14 Sunset Close, Freshwater, Isle Of Wight, PO40 9JR	£195,000	£185,000	-£10,000	18 Aug 2023	26 Jan 2024	161 Days
Wisteria Cottage, Longhalves, Freshwater, Isle Of Wight, PO40 9AH	£315,000	£305,000	-£10,000	31 Jul 2023	05 Dec 2023	127 Days
Flat 3, Afton Down House, Coastguard Lane, Freshwater, Isle Of Wight, PO40 9QU	£269,950	£258,000	-£11,950	15 Jun 2023	28 Nov 2023	166 Days
30 Golden Ridge, Freshwater, Isle Of Wight, PO40 9LF	£339,950	£339,950	£00	30 Jul 2023	23 Nov 2023	116 Days
29 Edinburgh Road, Freshwater, Isle Of Wight, PO40 9DN	£230,000	£225,000	-£5,000	10 Jun 2023	15 Nov 2023	158 Days
Flat 3, Silcombe Court, Colwell Lane, Freshwater, Isle Of Wight, PO40 9DZ	£155,000	£150,500	-£4,500	30 Jun 2023	08 Nov 2023	131 Days
2 Birch Close, Freshwater, Isle Of Wight, PO40 9SD	£400,000	£390,000	-£10,000	05 Jul 2023	11 Oct 2023	98 Days
Cedar Lodge, Bedbury Lane, Freshwater, Isle Of Wight, PO40 9PD	£300,000	£300,000	£00	13 Jul 2023	05 Oct 2023	84 Days
Skagway, Camp Road, Freshwater, Isle Of Wight, PO40 9HL	£425,000	£380,000	-£45,000	07 Sep 2023	14 Sep 2023	7 Days
Flat 3, St Martins, Afton Down, Freshwater, Isle Of Wight, PO40 9TY	£495,000	£465,000	-£30,000	29 Jun 2023	04 Sep 2023	67 Days
Linden, Middleton, Freshwater, Isle Of Wight, PO40 9PA	£549,950	£545,000	-£4,950	10 Mar 2023	22 Aug 2023	165 Days

Most Expensive Streets in PO40 (Freshwater)

Postcode	Street	Area	Average	No. of Sales
PO40 9FY	Small Horse Farm Close	Freshwater	£663,625	4
PO40 9SW	Kitts Croft	Freshwater	£543,400	5
PO40 9QR	Easton Lane	Freshwater	£538,000	5
PO40 9RY	Norton Green	Freshwater	£474,400	5
PO40 9FZ	Hooke Close	Freshwater	£459,034	13
PO40 9GD	Golden Hill Fort, Colwell Road	Freshwater	£450,000	3
PO40 9GF	Meadows Way	Freshwater	£444,095	20
PO40 9SH	Heathfield Road	Freshwater	£441,000	3
PO40 9FG	The Nurseries	Freshwater	£439,125	4
PO40 9PA	Middleton	Freshwater	£434,166	6

Least Expensive Streets in PO40 (Freshwater)

Postcode	Street	Area	Average	No. of Sales
PO40 9SZ	Brambles Chine	Freshwater	£104,500	7
PO40 9SQ	Brambles Chine	Freshwater	£112,500	8
PO40 9BQ	Orchard Close	Freshwater	£134,333	3
PO40 9FF	Brookside Close	Freshwater	£136,000	3
PO40 9XA	Cliff End	Freshwater	£142,375	8
PO40 9FQ	Brooklands, Queens Road	Freshwater	£153,875	4
PO40 9FR	Richmond Grange, Richmond Crescent	Freshwater	£156,625	4
PO40 9DZ	Silcombe Court, Colwell Lane	Freshwater	£160,166	3
PO40 9JP	Sunset Close	Freshwater	£169,258	3
PO40 9UU	Avenue Road	Freshwater	£181,487	4