Freshwater

Area Guide For Freshwater

Freshwater is a substantial town and common ward at the western end of the Isle of Wight, England. Freshwater Bay is a little bay on the south shoreline of the Island which likewise provides for its name to the close-by piece of Freshwater.Freshwater sits at the western end of the area known as the Back of the Wight or the West Wight which is a prevalent visitor region.

Freshwater is near to soak chalk precipices. It was the origination of physicist Robert Hooke and was the home of Poet Laureate Alfred Lord Tennyson.

 
 

Freshwater Map

Estimated Price: £234,184
Average Asking Price: £250,981
Price change in last one year: £15,636
Average Price Paid: £198,875
Average Rent Rates: £674

 
 

Property Prices Breakdown in Freshwater

Average Price for property in Freshwater is around £234,184 which varies based on type of property you are interested in and ranges from £305,965 for detached house to around £193,344 for semi-detached. Similarly terraced house is around £185,104 and a flat is worth £145,160. Values have been changing and have risen £1,496 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,761 in last 6 months, £15,636 in last 1 year, £27,415 in last 2 years, £30,060 in last 3 years, £27,965 in last 4 years and £26,113 in last 5 years.

Currently average asking price of a property in Freshwater is around £250,981 based on approximately 101 properties for sale. Same is the case with rental options based on 4 properties up for rent, average asking rent is around £674 per month.

Estimated property value in Freshwater is £234,184. Average asking price is £250,981 while average price paid is £197,633 which is up by £15,636 and Avg. asking rent £674.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Freshwater area. In last 1 year alone average price buyer paid is around £197,633 based on approximately 101 sales in Freshwater area alone. If you compare it to last 3 years sales of 302 properties where buyers paid around £197,483. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £198,875 for 485 and average amount paid for purchase of approx. 645 properties sold in last 7 years comes to about £197,785 per sale.

 
 

Properties For Sale in Freshwater

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £134,950, £166,697 for a 2 bedroom house, £213,492 for a 3 bedroom house, £317,417 for a 4 bedroom house and £496,667 for a 5 bedroom house. For a flat similarly the prices varies from £96,570 for a single bedroom to £157,108 for a 2 bedroom Flat. To sum up the asking prices for properties in Freshwater it comes to around average £102,967 for 1 bedroom property, £162,802 for 2 bedroom, £213,492 for 3 bedroom, £317,417 for 4 bedroom and £496,667 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £849 for 3 bedroom to £901 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £451. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £494. You should be generally be expecting around average £451 rent per month for single bedroom property, £494 for 2 bedroom, £849 for 3 bedroom and approximately £901 for 4 bedroom property in Freshwater area.

Popular Houses in Freshwater

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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