Housing Market Analysis for PALLANCE LANE, PO31 8LT

Are you looking to understand PO31 8LT 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 8LT area, explore the PO31 8LT Area information page.
For comprehensive crime statistics in the PO31 8LT area, explore the PO31 8LT Crime Rates page.

Overview of Sold House prices

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

  • Detached
    • The average price is around £292,000 median price is £277,500 Standard Deviation is £76,148 with Total Sold: 5
    • The Last 5 Year average price is £375,000 with Total Sold: 2
    • The most recent sale happened at this postcode is ROSE COTTAGE PALLANCE LANE: £400,000 (Sold on 11 Mar 2021)
    • The first recorded sale happened at this postcode is HIGHFIELD PALLANCE LANE: £350,000 (Sold on 03 Nov 2023)
  • Semi-Detached
    • The average price is around £157,136 median price is £142,000 Standard Deviation is £73,590 with Total Sold: 7
    • The most recent sale happened at this postcode is ROBIN HILL PALLANCE LANE: £250,000 (Sold on 31 Jul 2009)
    • The first recorded sale happened at this postcode is 2, OLIVE COTTAGES PALLANCE LANE: £83,000 (Sold on 27 Feb 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average PO31 8LT 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: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£400,000 £4,494 1
2010£277,500 £2,455 1
2004£250,000 £3,901 1
2001£182,500 £1,614 1
2023£350,000 £3,096 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2009£250,0001
2006£279,9501
2004£160,0001
2000£142,0001
1997£92,5002
1995£83,0001

All the Sales in the PALLANCE LANE, PO31 8LT

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

AddressSold DatePrice% Change
ROSE COTTAGE PALLANCE LANEDetached, FreeholdArea: 89 Sq.mtrAge: 1900-192911 Mar 2021£400,000First Sale
HIGHFIELD PALLANCE LANEDetached, FreeholdArea: 113.04 Sq.mtrAge: 1967-197525 Jan 2010£277,50052.05%
02 Nov 2001£182,500-47.86%
03 Nov 2023£350,000First Sale
ROBIN HILL PALLANCE LANESemi-Detached, Freehold31 Jul 2009£250,00076.06%
31 Mar 2000£142,00042.00%
10 Jul 1997£100,000First Sale
2, OLIVE COTTAGES PALLANCE LANESemi-Detached, Freehold22 Jun 2006£279,950229.35%
26 Mar 1997£85,0002.41%
27 Feb 1995£83,000First Sale
PEAR TREE COTTAGE PALLANCE LANEDetached, FreeholdArea: 64.09 Sq.mtrAge: 1900-192923 Aug 2004£250,000First Sale
SUNNYSIDE PALLANCE LANESemi-Detached, Freehold12 Aug 2004£160,000First Sale

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

PALLANCE LANE, PO31 8LT Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the PO31 8LT 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 8LT postcode.

  • Semi-Detached
    • The average price is around £170,982 median price is £162,500 Standard Deviation is £77,631 with Total Sold: 34
    • The Last 5 Year average price is £284,400 with Total Sold: 5
    • The most recent sale happened at this postcode is , 135 PALLANCE ROAD: £330,000 (Sold on 15 Nov 2023)
    • The first recorded sale happened at this postcode is 2, OLIVE COTTAGES PALLANCE LANE: £83,000 (Sold on 27 Feb 1995)
  • Detached
    • The average price is around £222,652 median price is £230,000 Standard Deviation is £116,921 with Total Sold: 68
    • The Last 5 Year average price is £347,800 with Total Sold: 10
    • The most recent sale happened at this postcode is , HIGHFIELD PALLANCE LANE: £350,000 (Sold on 03 Nov 2023)
    • The first recorded sale happened at this postcode is , 109 PALLANCE ROAD: £54,000 (Sold on 07 Apr 1995)
  • Flat
    • The average price is around £87,250 median price is £93,000 Standard Deviation is £25,193 with Total Sold: 4
    • The Last 5 Year average price is £115,000 with Total Sold: 1
    • The most recent sale happened at this postcode is FLAT 3, WOODSIDE, 8 WOODSIDE CLOSE: £115,000 (Sold on 17 May 2019)
    • The first recorded sale happened at this postcode is FLAT 1, WOODSIDE, 8 WOODSIDE CLOSE: £48,000 (Sold on 20 Apr 2000)
  • Other
    • The average price is around £124,000 median price is £124,000 Standard Deviation is £84,000 with Total Sold: 2
    • The most recent sale happened at this postcode is NEW BUNGALOW, LITTLE PALLANCE FARM PALLANCE LANE: £208,000 (Sold on 16 Apr 2018)
    • The first recorded sale happened at this postcode is , 85 PALLANCE ROAD: £40,000 (Sold on 27 May 2016)
  • Terraced
    • The average price is around £146,445 median price is £166,000 Standard Deviation is £60,231 with Total Sold: 10
    • The most recent sale happened at this postcode is , 119 PALLANCE ROAD: £172,500 (Sold on 29 Mar 2016)
    • The first recorded sale happened at this postcode is , 121 PALLANCE ROAD: £45,000 (Sold on 21 May 1997)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£301,667 £3,664 3
2020£258,500 £2,479 2
2018£165,000 £1,813 1
2016£198,500 £2,423 2
2014£209,475 £2,317 2
2013£225,000 £2,224 2
2010£196,000 £1,815 1
2009£250,0001
2007£218,500 £2,163 1
2006£234,9752
2005£168,0001
2004£160,0001
2003£138,750 £1,475 2
2001£105,000 £1,040 1
2000£126,000 £693 2
1999£115,000 £830 3
1998£77,5002
1997£79,167 £833 3
1995£63,000 £683 2
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£350,000 £3,096 1
2022£385,000 £3,892 2
2021£329,333 £3,883 3
2020£353,333 £2,989 3
2019£310,000 £2,541 1
2017£425,000 £2,852 1
2016£390,000 £3,154 3
2015£243,750 £2,329 4
2014£275,000 £2,562 2
2013£100,0001
2012£296,000 £1,731 1
2010£235,500 £2,267 5
2008£255,000 £2,806 4
2007£281,917 £2,567 6
2006£362,4502
2005£240,000 £2,951 1
2004£217,500 £3,901 2
2003£248,9001
2002£162,638 £2,536 4
2001£158,750 £1,614 2
2000£121,2502
1999£117,500 £1,014 3
1997£86,500 £967 6
1996£76,900 £845 5
1995£47,333 £561 3
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2019£115,000 £1,769 1
2013£102,0001
2002£84,000 £800 1
2000£48,000 £457 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£208,0001
2016£40,0001
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£172,500 £2,331 1
2015£186,500 £2,302 1
2009£168,000 £2,301 1
2008£215,975 £2,566 2
2007£164,0001
2006£163,000 £2,203 1
2000£78,000 £963 1
1998£55,500 £750 1
1997£45,0001

House Type in PO31 8LT area

The most common house types in the PO31 8LT postcode area are Detached (133), Semi-detached (43), and Terraced (6).

Total182
Detached133
Semi-detached43
Terraced6
Flat0
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (104), and Owned: Owns with a mortgage or loan (61).

Owned: Owns outright104
Owned: Owns with a mortgage or loan61
Private rented: Private landlord or letting agency9
Private rented: Other private rented7
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the PO31 8LT have 2 people in household (80), and 1 person in household (39).

2 people in household80
1 person in household39
4 people in household27
3 people in household23
5 people in household10
6 people in household1
8 or more people in household1
0 people in household0
7 people in household0