About two hundred and forty-five thousand pounds for the median sold price over the last twelve months. Six times what the median household here earns in a year. Around eighty sales, which is a working market rather than a churning one. The flat trades at one-forty-six, the detached at nearly half a million. Cheap by south-coast standards, dear by island ones.
Just over eighty properties changed hands in the year to early March, which isn't a deep market but is enough to read the shape of it. Flats trade at a median of about a hundred and forty-six thousand. Terraces around two hundred. Semis around two hundred and fifty. Detached houses around four hundred and eighty-five thousand. Nineteen flats sold, sixteen terraces, eighteen semis, thirty detached. The detached count is what tells you what the inward buyers want. The flat median is what tells you what the locals can afford. The gap between the two is itself the price of a flat, which is what happens when a Victorian sanatorium town has both bedsit conversions and clifftop villas inside the same postcode.
Council tax sits low because the housing sits old and small. The modal band is B. More than half of dwellings fall into Band A or Band B. About a quarter sit in Band A specifically. The bills at the bottom of the range are the kind that have London buyers refreshing the council website in case they've misread the number.
Rents at neighbourhood level aren't separately reported. The typical private rent across the Isle of Wight area is about £940 a month, up about eight percent over the year. A one-bedroom lets at around six hundred and fifty pounds a month. A two-bedroom at around eight hundred and sixty. A three-bedroom at around one thousand and eighty. A four-bedroom-plus at around fifteen hundred. Ventnor's specific letting market is small enough that the island figure does most of the work, and the town isn't where the bargains live.
Set the price against the wage. The typical household here earns about forty-one thousand pounds a year. The typical house costs about two hundred and forty-five thousand. That ratio is roughly six, which is steep on paper and ordinary in practice for a coastal town people move into rather than out of. The flat at a hundred and forty-six thousand is closer to three and a half times income. The detached at nearly half a million is twelve. Different buyers, different sums, same postcode.
Cheap for the coast it sits on, dear for the wages it pays. Not bad value in the bluntest reading, depending on which version of the place a buyer is shopping for.