Housing Market Analysis for MELBOURNE PLACE, PO31 8BE

Are you looking to understand PO31 8BE house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Isle of Wight postcode.

For the location information and nearby amenities in the PO31 8BE area, explore the PO31 8BE Area information page.
For comprehensive crime statistics in the PO31 8BE area, explore the PO31 8BE Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the PO31 8BE postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £207,211 median price is £205,000 Standard Deviation is £64,301 with Total Sold: 9
    • The most recent sale happened at this postcode is 5 MELBOURNE PLACE: £220,000 (Sold on 27 Jul 2016)
    • The first recorded sale happened at this postcode is 7 MELBOURNE PLACE: £75,000 (Sold on 03 Apr 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average PO31 8BE house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£220,000 £3,099 1
2014£225,000 £3,125 1
2012£250,000 £2,756 1
2011£205,000 £2,960 1
2007£200,000 £2,778 1
2006£330,000 £3,638 1
2004£199,9501
2002£159,950 £2,309 1
1998£75,000 £1,083 1

All the Sales in the MELBOURNE PLACE, PO31 8BE

See the table below for more details on the sold house prices in the PO31 8BE, Isle of Wight postcode.

AddressSold DatePrice% Change
5 MELBOURNE PLACETerraced, FreeholdArea: 71 Sq.mtrAge: 1967-197527 Jul 2016£220,000First Sale
6 MELBOURNE PLACETerraced, FreeholdArea: 72 Sq.mtrAge: 1967-197503 Sep 2014£225,00012.50%
25 Jan 2007£200,000First Sale
4 MELBOURNE PLACETerraced, FreeholdArea: 90.7 Sq.mtrAge: 1976-198214 Dec 2012£250,000-24.24%
05 Sep 2006£330,000First Sale
7 MELBOURNE PLACETerraced, FreeholdArea: 69.26 Sq.mtrAge: 1950-196630 Nov 2011£205,00028.17%
01 Oct 2002£159,950113.27%
03 Apr 1998£75,000First Sale
3 MELBOURNE PLACETerraced, Freehold05 Jul 2004£199,950First Sale

Check out the sold house prices near the PO31 8BE postcode. Properties currently for saleProperties currently for rent

MELBOURNE PLACE, PO31 8BE Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the PO31 8BE postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the PO31 8BE postcode.

  • Flat
    • The average price is around £203,763 median price is £155,000 Standard Deviation is £174,496 with Total Sold: 809
    • The Last 5 Year average price is £309,568 with Total Sold: 128
    • The most recent sale happened at this postcode is , FLAT 27 ADMIRAL GARDENS: £272,500 (Sold on 04 Sep 2024)
    • The first recorded sale happened at this postcode is FLAT 2, GRIFFIN HOUSE ADMIRAL GARDENS: £87,500 (Sold on 06 Feb 1995)
  • Detached
    • The average price is around £417,342 median price is £340,000 Standard Deviation is £355,035 with Total Sold: 229
    • The Last 5 Year average price is £799,564 with Total Sold: 39
    • The most recent sale happened at this postcode is , 57 WARD AVENUE: £600,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , 11A QUEENS ROAD: £365,000 (Sold on 15 May 1995)
  • Other
    • The average price is around £533,778 median price is £240,000 Standard Deviation is £902,211 with Total Sold: 39
    • The Last 5 Year average price is £478,857 with Total Sold: 21
    • The most recent sale happened at this postcode is FLAT 1A, OSBORNE COURT THE PARADE: £55,000 (Sold on 21 Aug 2024)
    • The first recorded sale happened at this postcode is UNIT 4, NUMBER ONE THE PARADE: £240,000 (Sold on 13 Dec 2013)
  • Semi-Detached
    • The average price is around £326,840 median price is £219,000 Standard Deviation is £296,999 with Total Sold: 139
    • The Last 5 Year average price is £495,147 with Total Sold: 23
    • The most recent sale happened at this postcode is , 2 EDINBURGH CLOSE: £287,500 (Sold on 20 Aug 2024)
    • The first recorded sale happened at this postcode is , 5 UNION ROAD: £42,000 (Sold on 03 Mar 1995)
  • Terraced
    • The average price is around £217,639 median price is £180,000 Standard Deviation is £161,383 with Total Sold: 432
    • The Last 5 Year average price is £404,435 with Total Sold: 62
    • The most recent sale happened at this postcode is , 17 GRANVILLE ROAD: £250,000 (Sold on 17 May 2024)
    • The first recorded sale happened at this postcode is , 5 CASTLE ROAD: £82,500 (Sold on 14 Mar 1995)

Sold Price Trend Over the Years:

House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£259,500 £3,842 10
2023£295,000 £4,101 12
2022£377,519 £4,333 27
2021£284,629 £3,762 35
2020£356,831 £3,485 21
2019£253,965 £3,384 23
2018£272,632 £3,583 19
2017£283,000 £3,558 19
2016£261,345 £3,282 28
2015£249,260 £2,959 25
2014£287,770 £3,327 22
2013£277,641 £3,281 23
2012£364,333 £4,209 9
2011£320,384 £3,525 22
2010£289,978 £2,898 19
2009£231,783 £3,053 30
2008£307,234 £3,586 28
2007£290,584 £3,411 45
2006£175,655 £2,637 29
2005£169,108 £2,638 25
2004£178,979 £2,453 31
2003£152,026 £1,842 19
2002£131,847 £1,751 46
2001£110,747 £1,550 31
2000£94,486 £1,451 37
1999£93,600 £1,117 35
1998£74,675 £886 36
1997£87,115 £1,097 44
1996£54,236 £972 35
1995£61,644 £1,020 24
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£680,000 £5,087 5
2023£1,047,750 £6,138 8
2022£968,333 £5,624 6
2021£523,250 £4,748 4
2020£804,222 £3,718 9
2019£608,571 £4,752 7
2018£411,664 £3,178 4
2017£413,450 £1,552 2
2016£506,556 £2,855 9
2015£494,071 £3,109 7
2014£687,750 £3,328 12
2013£574,375 £2,823 4
2012£394,990 £3,133 5
2011£411,000 £3,054 11
2010£339,550 £2,973 10
2009£450,857 £3,714 7
2008£687,500 £3,816 2
2007£488,800 £2,742 10
2006£268,286 £2,095 7
2005£498,375 £3,339 6
2004£351,606 £3,754 9
2003£316,900 £2,512 10
2002£228,395 £1,846 10
2001£244,286 £1,484 7
2000£193,519 £1,593 9
1999£167,250 £793 8
1998£163,056 £794 9
1997£149,197 £993 14
1996£109,843 £798 14
1995£166,7504
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£173,8336
2023£844,583 £3,160 6
2022£250,0001
2021£6,0001
2020£272,898 £2,374 5
2019£1,162,500 £2,193 2
2018£624,667 £2,688 9
2017£721,140 £971 6
2016£412,500 £2,455 1
2014£160,0001
2013£240,0001
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£570,8333
2023£280,000 £4,618 3
2022£741,720 £4,883 4
2021£522,250 £5,131 6
2020£344,333 £3,960 3
2019£425,625 £3,672 4
2018£1,165,000 £4,124 2
2017£538,833 £3,138 9
2016£222,200 £2,800 5
2015£829,650 £2,751 2
2014£366,000 £3,368 5
2013£582,500 £3,730 2
2012£176,333 £2,305 3
2011£294,125 £2,959 4
2010£185,000 £2,649 1
2009£284,600 £2,422 5
2008£664,375 £4,111 8
2007£286,000 £3,448 6
2006£373,000 £2,837 4
2005£288,278 £2,794 9
2004£227,625 £2,400 4
2003£273,000 £2,318 5
2002£172,983 £1,417 3
2001£158,250 £1,382 4
2000£93,488 £1,394 4
1999£118,878 £923 9
1998£121,000 £1,361 5
1997£97,450 £724 6
1996£38,200 £535 3
1995£61,369 £712 8
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£524,0002
2023£359,929 £4,077 7
2022£386,278 £4,350 9
2021£418,192 £4,060 13
2020£431,966 £3,250 16
2019£378,867 £3,759 15
2018£333,958 £3,085 12
2017£261,618 £3,349 17
2016£244,808 £2,694 13
2015£292,583 £2,948 12
2014£247,892 £2,589 13
2013£259,593 £2,492 21
2012£229,222 £2,282 9
2011£216,208 £2,095 12
2010£268,269 £2,769 13
2009£193,106 £2,352 9
2008£246,721 £2,256 17
2007£244,769 £2,814 13
2006£245,167 £2,393 18
2005£244,244 £2,344 16
2004£203,603 £2,538 18
2003£164,667 £2,011 12
2002£146,818 £1,468 17
2001£132,219 £1,412 16
2000£133,729 £1,397 24
1999£95,110 £1,078 21
1998£71,909 £851 17
1997£62,426 £739 17
1996£51,394 £728 16
1995£57,497 £598 17

House Type in PO31 8BE area

The most common house types in the PO31 8BE postcode area are Detached (33), Flat (30), and Shared house (13).

Total93
Detached33
Flat30
Shared house13
Semi-detached8
Terraced8
converted building1
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (59), and Private rented: Private landlord or letting agency (16).

Owned: Owns outright59
Private rented: Private landlord or letting agency16
Owned: Owns with a mortgage or loan9
Private rented: Other private rented5
Social rented: Other social rented3
Social rented: Rents from council or Local Authority1
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the PO31 8BE have 1 person in household (41), and 2 people in household (36).

1 person in household41
2 people in household36
3 people in household9
4 people in household4
5 people in household1
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0