8 of the top 10 most expensive streets on the Isle of Wight are in Bembridge and the surrounding areas, new data has revealed.
Varbes, a company that collates data on house prices up and down the UK, has released the data showing the top 10 most expensive streets to live on across Isle of Wight, of which only 2 aren’t located in the East Wight – an area with lots of 2nd homes.
Bembridge features on the list 4 times with 2 mentions for Seaview and St Helens respectively.
The prices as listed below in descending order are as follows:
- Swains Lane, Bembridge Average value: £1,403,000
- Beach House Lane, Bembridge Average value: £1,221,000
- Bluett Avenue, Seaview Average value: £1,150,000
- Hamstead Drive, Yarmouth Average Value; £1,150,000
- Seagrove Bay, Seaview Average value: £1,129,000
- Duver Road, St Helens Average value: £1,111,000
- The Duver, St Helens Average value: £1,110,000
- Love Lane, Bembridge Average value: £1,099,000
- Marine View Close, Cowes Average value: £1,061,000
- Northclose Road, Bembridge Average value: £998,000
The average property value on the Isle of Wight is £301,173 according to property sale data for the year ending June 2021, which is published by HM Land Registry. Between the years ending June 2020 and June 2021, property values on the Isle of Wight grew by £53,642 from £248,134 – a rise of 21%.
Despite this, the average property price on the Isle of Wight is £53,026 lower than the £354,199 average property price in England.
The average price for a detached property is £409,308, whilst the average for a semi detached property is £254,975. On average, terraced houses on the Island sell for £225,228 and flats for £182,755.
Some honourable mentions go to Ashlake Copse Road in Wootton which has an average house value of £931,000 and Yafford with an average of £797,000.
Ashlake copse, my friends slum landlord lives down there. Built a big house he did while his tenants houses don’t even have an EHCP.
How many of the houses on these roads will be second homes?
Who’s hungry? Do we start at the top of the list?
It would be intresting to know the 10 most cheaper roads on the Island ?
(for first time buyers ect.)
We live in a small flat in Bembridge and our council tax is astronomical, a quarter of the state pension.