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.