House prices in PO37 (Shanklin)
Price per square metre data and charts to help you understand the housing market in PO37 - stats were last calculated on 01 June 2026.
Defining 'PO37'
This analysis is limited to properties whose postcode starts with "PO37", this is also called the postcode district. There are no official postcode district names so I've just labelled it PO37, Shanklin. It is shown in red on the map below.
Want to change geography?
You can click on the map above to change to a neighbouring district, or you can use the search form below.
Price per square metre
Knowing the average house price in PO37 is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:
£ per sqm = price ÷ internal area
For example in April 2026, 23 Craigmore Court, Howard Road, Shanklin, PO37 6HH sold for £200,000. Given the internal area of 78 square metres recorded on the EPC, the price per sqm is £200,000 ÷ 78 sqm = £2,564.
England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-). You can change your prefered units from square meters to square feet for all the graphs and charts on PO37 and elsewhere. Just visit the My Account page and look for the m2 to ft2 toggle switch. Alternatively just multiply everything by 10, move a decimal place to go from sqm to sqft and you'll be close enough as 1 sqm = 10.76391 sqft.
Distribution of £ per sqm for houses vs flats in PO37
The chart above is called a histogram, it helps you see the distribution of house price per sqm in PO37 To make this chart we put all the sales data into a series of £ per sqm 'buckets' (e.g. £2,954 to £3,126, £3,126 to £3,297, £3,297 to £3,469 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 305 sales that took place in PO37, in the last 24 months.
Generate a custom histogram like the one above but based on your own criteria.
You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.
The spread of prices will give you a feel of the typical range to expect in PO37, Shanklin. Notably, only 25% of properties that sold recently were valued at more than £3,640 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of PO37 homes.
Box plot of £ per sqm for PO37
Tip: click on the chart to see the values.
The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square metre property price distributions, box plots represent the variation in property prices within a geographic area e.g. Shanklin. The chart above shows a boxplot for 'PO37' as well as the 'PO' postcode area.
Property price map for Shanklin
Have a look at the interactive price map I created for myself. Use it to explore house prices in 'Shanklin' all the way down to individual property plots.
Will PO37 house prices drop in 2025?
House prices in PO37 fell -6.0% in the last year, -8.9% after inflation. Whether or not this trend will continue depends on many factors, such as wage growth, net migration, interest rates and the level of house building. No one can predict these things with certainty however we can plot the historic trends in house prices in PO37 (Shanklin) compared with the wider postcode area 'PO'.You can extrapolate from this based on your own views.
House price index for PO37
Tip: click on the legend items to show/hide different lines
Download house price index as CSV (premium users only).
The chart above shows changes in 'PO37' property prices over the last 20 years. The index is calculated from the average price paid per sqm for property in PO37 and is set to 100 in 2004. The chart compares trends for PO37, Shanklin against those of the broader postcode area 'PO'. What is more interesting is to look at the difference between flats and houses, even those in the same area follow a very different trend, to get a robust enough sample size to see this we need to zoom out and look at house price trends for the entire Isle of Wight local authority.
The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:
Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.
Historic returns for PO37
| PO area | PO37 district | |||
|---|---|---|---|---|
| Nominal | Real | Nominal | Real | |
| 20 yr per annum | 2.5% | -0.3% | 1.4% | -1.3% |
| 20 yr total | 63.2% | -6.3% | 32.9% | -23.7% |
| 10 yr per annum | 2.4% | -1.0% | 1.7% | -1.6% |
| 10 yr total | 26.5% | -9.4% | 18.2% | -15.3% |
| 5 yr per annum | 0.9% | -3.9% | -1.2% | -5.9% |
| 5 yr total | 4.6% | -18.0% | -5.7% | -26.1% |
| 1 yr per annum | -2.4% | -5.4% | -6.0% | -8.9% |
| 1 yr total | -2.4% | -5.4% | -6.0% | -8.9% |
This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.
The total rate of change represents the overall change over the entire period. The formula for total return is:
Total return = (Index at end of period ÷ Index at start of period) - 1
The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:
CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1
Some specific examples:
- Over the past 20 years, PO37 district have seen a -1.3% annual change when adjusted for inflation. This translates to a total change of -23.7% in real terms.
- Over the past 5 years, PO area have seen a -3.9% annual change when adjusted for inflation. This translates to a total change of -18.0% in real terms.
Most recent PO37 sales
For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.
Tip: hover over dots to see details
Snakes & Ladders
See the recent winners & losers in the PO37 property market. This is not deep analysis - it is a nosy, tabloid-style peek at the local property market.
Street level data
| Street | Avg size | Avg £sqm | Recent sales |
|---|---|---|---|
| Victoria Avenue, , PO37 6L | 88 sqm | £2,867 | 22 |
| Silver Trees, , PO37 7N | 86 sqm | £3,368 | 15 |
| Orchard Road, , PO37 7N | 134 sqm | £3,624 | 13 |
| Blythe Way, , PO37 7N | 59 sqm | £2,723 | 13 |
| Whitecross Avenue, , PO37 7E | 73 sqm | £4,058 | 11 |
| Wilton Park Road, , PO37 7B | 101 sqm | £2,669 | 10 |
| Sandown Road, , PO37 6H | 86 sqm | £2,600 | 10 |
| Prospect Road, , PO37 6A | 71 sqm | £3,277 | 10 |
Search for your street here.
PO37's constituents
The analysis on this page encompasses the entirety of PO37. If you want more granular analysis on different parts of PO37, use these links.
| Postcode sector | Lower quartile | Median | Upper quartile | Sales in last 2yr |
|---|---|---|---|---|
| PO37 6 Shanklin | £2,230 sqm | £2,870 sqm | £3,460 sqm | 128 |
| PO37 7 Shanklin | £2,350 sqm | £2,850 sqm | £3,660 sqm | 177 |
Nearby geographies
The table below shows how 'PO37' compares to the other postcode districts nearby 'PO37'.
| District | Lower quartile | Median | Upper quartile | Sales in last 2yr |
|---|---|---|---|---|
| PO9 Havant | £2,930 sqm | £3,470 sqm | £4,140 sqm | 1,263 |
| PO8 Waterlooville | £3,300 sqm | £3,840 sqm | £4,430 sqm | 1,059 |
| PO7 Waterlooville | £3,280 sqm | £3,890 sqm | £4,470 sqm | 1,257 |
| PO6 Portsmouth | £2,910 sqm | £3,370 sqm | £3,910 sqm | 899 |
| PO5 Southsea | £2,550 sqm | £3,120 sqm | £3,750 sqm | 699 |
| PO41 Norton | £3,470 sqm | £4,050 sqm | £4,650 sqm | 65 |
| PO40 Freshwater | £2,740 sqm | £3,260 sqm | £3,970 sqm | 196 |
| PO4 Southsea | £2,770 sqm | £3,240 sqm | £3,690 sqm | 1,320 |
| PO39 Totland Bay | £2,730 sqm | £3,490 sqm | £3,950 sqm | 93 |
| PO38 Ventnor | £2,440 sqm | £3,060 sqm | £3,820 sqm | 393 |
Raw data
Our analysis of PO37 is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.
| Address | Paid | sqm | £/sqm |
|---|---|---|---|
| 23 Craigmore Court, Howard Rd, | £200,000
Apr-2026
|
78 | 2,564 |
| 8, Duncroft Gardens, | £200,000
Mar-2026
|
82 | 2,439 |
| 75, Carter Avenue, | £273,000
Mar-2026
|
62 | 4,403 |
About
I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.