House prices on the Isle of Wight have gone down by an average of over £4,000 in the month of December, according to figures from the Land Registry.
The latest data from the government department reveals that in December 2022 average house prices on the Isle of Wight reached £291,092.
This was down from £295,450 in November, representing a 1.5 per cent decrease. In the last 12 months it has risen by 8.4 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Isle of Wight here.
How much have house prices decreased on the Isle of Wight?
Breaking it down for specific types of housing, all prices saw a decrease.
- Detached houses - Down to £443,735 from £450,460 in November
- Semi-detached houses - Down to £302,667 from £307,311 in November
- Terraced houses - Down to £240,012 from £243,787 in November
- Flats - Down to £157,698 from £159,795 in November
How do Isle of Wight house prices compare to the UK average?
The fall in prices this month means Isle of Wight is still slightly below the UK average with typical property value in the nations reaching £294,329 in December.
In cash terms, the average house price in December was £26,214 higher than a year earlier with house price growth accelerating to 9.8 per cent in December 2022. Prices were down by -0.4 per cent month on month.
How much could your house be worth?
We have created this map for the South East so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of the Isle of Wight are the most expensive for average house prices.
House Rules
We do not moderate comments, but we expect readers to adhere to certain rules in the interests of open and accountable debate.
Read the rules here