Isle of Wight

Area Guide For Isle of Wight

The Isle of Wight is a county and the largest island in England, located in the English Channel, on average about 25 miles (37 km) off the south coast of the county of Hampshire, separated from the mainland by a strait called the Solent. The Island has many resorts which have been holiday destinations since Victorian times. The Island has a rich history, including a brief status as an independent kingdom in the 15th century. Until 1995, like Jersey and Guernsey, the Island had its own Governor most notably Lord Mountbatten from 1969 to 1974, after which he became Lord Lieutenant until his assassination in 1979. It was home to the poets Swinburne and Alfred Lord Tennyson, and to Queen Victoria, who built her much-loved summer residence and final home Osborne House at East Cowes. The Island's maritime and industrial history encompasses boat building, sail making, the manufacture of flying boats, the world's first hovercraft and the testing and development of Britain's space rockets. It is home to the Isle of Wight International Jazz Festival, Bestival and the recently revived Isle of Wight Festival, which, in 1970, was the largest rock music event ever held.


Isle of Wight Map

Estimated Price: £231,906
Average Asking Price: £279,809
Price change in last one year: £13,341
Average Price Paid: £200,555
Average Rent Rates: £690


Property Prices Breakdown in Isle of Wight

Average Price for property in Isle of Wight is around £231,906 which varies based on type of property you are interested in and ranges from £323,894 for detached house to around £204,306 for semi-detached. Similarly terraced house is around £176,154 and a flat is worth £150,458. Values have been changing and have risen £3,108 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,899 in last 6 months, £13,341 in last 1 year, £28,703 in last 2 years, £28,664 in last 3 years, £27,209 in last 4 years and £23,682 in last 5 years.

Currently average asking price of a property in Isle of Wight is around £279,809 based on approximately 2,378 properties for sale. Same is the case with rental options based on 333 properties up for rent, average asking rent is around £690 per month.

Estimated property value in Isle of Wight is £231,906. Average asking price is £279,809 while average price paid is £206,109 which is up by £13,341 and Avg. asking rent £690.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 Isle of Wight area. In last 1 year alone average price buyer paid is around £206,109 based on approximately 2,378 sales in Isle of Wight area alone. If you compare it to last 3 years sales of 6,933 properties where buyers paid around £199,464. 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 £200,555 for 11,243 and average amount paid for purchase of approx. 15,321 properties sold in last 7 years comes to about £199,363 per sale.


Properties For Sale in Isle of Wight


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 £129,736, £156,407 for a 2 bedroom house, £254,478 for a 3 bedroom house, £401,150 for a 4 bedroom house and £571,900 for a 5 bedroom house. For a flat similarly the prices varies from £99,695 for a single bedroom to £163,589 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £249,922, £172,500 for a 4 bedroom flat and £190,000 for a 5 bedroom flat. To sum up the asking prices for properties in Isle of Wight it comes to around average £104,519 for 1 bedroom property, £159,615 for 2 bedroom, £254,126 for 3 bedroom, £398,378 for 4 bedroom and £568,297 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 £672 for 1 bedroom to £624 for 2 bedrooms, £767 for 3 bedrooms, £1,098 for 4 bedrooms and £1,085 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £464. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £593 and £668 for 3 bedroom. You should be generally be expecting around average £489 rent per month for single bedroom property, £605 for 2 bedroom, £755 for 3 bedroom, £1,098 for 4 bedroom and approximately £1,085 for a 5 bedroom property in Isle of Wight area.

Popular Houses in Isle of Wight

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.

Sold Properties in Isle of Wight

Areas in and around Isle of Wight