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.