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Shanklin House Prices Shanklin House Prices

The average house price in Shanklin is £277,589 using HM Land Registry data.

The average property price increased by £23,567 (8.48%) over the last 5 years and increased by £4,722 (1.59%) over the last 12 months.

Over the last year, there were 117 residential property sales – a decrease of 28 transactions (-23.93%) relative to the previous year. The majority of house sales (28) were in the £184,000 - £258,000 range. Then came properties in the £258,000 - £332,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 133 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,476 (-3%).

In December 2024, there were 15 new estate agency instructions, 8 agreed home sales and 5 property price reductions.

Neighbouring Areas: Sandown

Postcodes Covered: PO36, PO37

5-Year Average Property Prices in Shanklin

8.48%

Property prices in Shanklin increased by 8.48% 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

1.59%

Property prices in Shanklin increased by 1.59% 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 - December 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
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
58 Church Road, Shanklin, Isle Of Wight, PO37 6QY£600,000£600,000£028 Jul 202329 May 2024306 Days
Cyprus Lodge, Victoria Avenue, Shanklin, Isle Of Wight, PO37 6LS£585,000£550,000-£35,00023 Jun 202328 May 2024340 Days
47 Whitecross Avenue, Shanklin, Isle Of Wight, PO37 7ET£265,000£245,000-£20,00017 Oct 202303 May 2024199 Days
106a, Regent Street, Shanklin, Isle Of Wight, PO37 7AP£125,000£118,000-£7,00012 Oct 202326 Apr 2024197 Days
6 North Road, Shanklin, Isle Of Wight, PO37 6DB£299,950£275,000-£24,95028 Dec 202311 Apr 2024105 Days

Most Expensive Streets in Shanklin

PostcodeStreetAreaAverageNo. of Sales
PO37 6FJWoodlandsShanklin£725,0004
PO37 7NWRushcloseShanklin£665,0006
PO37 6RFPopham RoadShanklin£616,0005
PO37 6RRLuccombe RoadShanklin£547,3163
PO37 6QBWesthill RoadShanklin£533,3333
PO37 6LXHungerberry CloseShanklin£521,0005
PO37 6AGChine AvenueShanklin£514,6427
PO37 6PTWesthill RoadShanklin£483,3333
PO37 6HSLittlestairs RoadShanklin£475,0004
PO37 6HAClarence GardensShanklin£461,2504

Least Expensive Streets in Shanklin

PostcodeStreetAreaAverageNo. of Sales
PO37 6JYHigh StreetShanklin£94,0003
PO37 6NWSuvretta HouseGrange Road£94,8005
PO37 6JJHigh StreetShanklin£99,8005
PO37 6LGVictoria AvenueShanklin£112,2505
PO37 6BUCorinthian CourtCross Street, Shanklin£123,5003
PO37 6FFHope RoadShanklin£130,14219
PO37 7NLBlythe WayShanklin£139,32816
PO37 6DBNorth RoadShanklin£153,3336
PO37 6AUPalmerston RoadShanklin£154,2504
PO37 6DENorth RoadShanklin£158,5006

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