Area Guide For Shanklin


Shanklin Map

Estimated Price: £224,385
Average Asking Price: £249,264
Price change in last one year: £16,397
Average Price Paid: £194,355
Average Rent Rates: £667


Property Prices Breakdown in Shanklin

Average Price for property in Shanklin is around £224,385 which varies based on type of property you are interested in and ranges from £310,470 for detached house to around £203,995 for semi-detached. Similarly terraced house is around £184,831 and a flat is worth £155,148. Values have been changing and have risen £3,589 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,980 in last 6 months, £16,397 in last 1 year, £21,238 in last 2 years, £20,552 in last 3 years, £14,590 in last 4 years and £17,013 in last 5 years.

Currently average asking price of a property in Shanklin is around £249,264 based on approximately 192 properties for sale. Same is the case with rental options based on 11 properties up for rent, average asking rent is around £667 per month.

Estimated property value in Shanklin is £224,385. Average asking price is £249,264 while average price paid is £197,919 which is up by £16,397 and Avg. asking rent £667.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 Shanklin area. In last 1 year alone average price buyer paid is around £197,919 based on approximately 192 sales in Shanklin area alone. If you compare it to last 3 years sales of 514 properties where buyers paid around £195,757. 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 £194,355 for 828 and average amount paid for purchase of approx. 1,152 properties sold in last 7 years comes to about £193,617 per sale.


Properties For Sale in Shanklin


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 £99,950, £178,020 for a 2 bedroom house, £244,630 for a 3 bedroom house, £350,021 for a 4 bedroom house and £420,333 for a 5 bedroom house. For a flat similarly the prices varies from £109,316 for a single bedroom to £178,086 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £168,650. To sum up the asking prices for properties in Shanklin it comes to around average £108,731 for 1 bedroom property, £178,065 for 2 bedroom, £231,222 for 3 bedroom, £350,021 for 4 bedroom and £420,333 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 £613 for 2 bedroom to £771 for 3 bedroom and £1,148 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £576. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £542 and £676 for 3 bedroom. You should be generally be expecting around average £576 rent per month for single bedroom property, £566 for 2 bedroom, £740 for 3 bedroom and approximately £1,148 for 4 bedroom property in Shanklin area.

Popular Houses in Shanklin

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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