About £410,000 buys the average house here. Forty-seven sales in the past year. Detached close to £450,000, semi-detached close to £400,000, flats around £150,000. A thin market with prices that do not flinch. Whatever wages the village earns, the housing does not care.
The headline median over the past twelve months landed at roughly £410,000 across forty-seven transactions, which for a village this size is a market that turns over slowly. Detached houses cleared near £450,000, semi-detached at around £400,000, and the seven flats that sold came in near £150,000. Detached accounted for roughly half the year's sales, semi-detached for about a third, flats for the rest. Most homes that change hands here are houses, and most of the houses are large enough to need decorating in stages. The supply curve is not generous, and the demand curve is patient.
The modal council tax band is D, the middle of the standard scale. Fewer than one home in ten sits in bands A or B, the cheapest two. That tells you the size and the rateable value of the typical Seaview home in one figure: too big for the bargain bands, too ordinary for the luxury ones. The owners are not paying the discount rate. They are not paying the penalty rate either.
Typical private rent across the Isle of Wight area runs at about £940 a month, which is the figure for the whole island authority rather than this specific village. By bedroom across the island, a one-bed lets at around £660 a month, a two-bed at around £865, a three-bed at around £1,080, and a four-bed or larger at around £1,505. Renting here is not how most people arrive. The village runs on ownership and on inheritance, and the rental stock is the small share that has not yet been bought by someone planning to stay.
The typical household income locally is around £50,000 a year, which puts the median house at roughly eight times income. That ratio is a stretch by any reading. It is not a stretch the median household actually faces, because the median household here mostly bought decades ago, paid most of the mortgage off, and is sitting on a property whose price has done the work since. The stretch lands on the new buyer, who tends to arrive with equity released from a mainland house that has done its own price work for thirty years, or who is the rare younger arrival doing a great deal of mental arithmetic at the kitchen table before signing.
For what the village offers and what the average earner here brings home, Seaview houses are expensive. Prices outrun island wages, and the stock turns over slowly enough that the figure does not soften from one year to the next.