Housing Market Analysis for ESPLANADE, PO38 1JP

Are you looking to understand PO38 1JP 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 PO38 1JP area, explore the PO38 1JP Area information page.
For comprehensive crime statistics in the PO38 1JP area, explore the PO38 1JP Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the PO38 1JP postcode area, The average prices are as follows,

Flat
- The average price is around £389,658 median price is £349,250 Standard Deviation is £90,641 with Total Sold: 18
- The Last 5 Year average price is £350,000 with Total Sold: 2
- The most recent sale happened at this postcode is 3, THE METROPOLE ESPLANADE: £330,000 (Sold on 31 Mar 2021)
- The first recorded sale happened at this postcode is 6, THE METROPOLE ESPLANADE: £335,000 (Sold on 24 Apr 2006)
Other
- The average price is around £350,000 median price is £350,000 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 3, THE METROPOLE ESPLANADE: £350,000 (Sold on 18 Oct 2016)
- The first recorded sale happened at this postcode is 3, THE METROPOLE ESPLANADE: £350,000 (Sold on 18 Oct 2016)

Sold Price Trend Over the Years:

Below table and chart gives the average PO38 1JP 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: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£350,000	£3,866	2
2018	£300,000		1
2013	£499,950		1
2011	£325,000		1
2010	£500,000		1
2009	£560,000		1
2007	£414,500		3
2006	£360,675	£3,243	8

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2016	£350,000		1

All the Sales in the ESPLANADE, PO38 1JP

See the table below for more details on the sold house prices in the PO38 1JP, Isle of Wight postcode.

Address	Sold Date	Price	% Change
3, THE METROPOLE ESPLANADEFlat, Leasehold	31 Mar 2021	£330,000	10.00%
	23 Aug 2018	£300,000	-14.29%
	18 Oct 2016	£350,000	9.38%
	20 Dec 2006	£320,000	First Sale
5, METROPOLE ESPLANADEFlat, LeaseholdArea: 95.7 Sq.mtrAge: 2007 onwards	19 Feb 2021	£370,000	19.20%
	04 May 2006	£310,400	First Sale
11, THE METROPOLE ESPLANADEFlat, Leasehold	07 Jun 2013	£499,950	-14.54%
11, THE METROPOLE ESPLANADEFlat, Leasehold	05 Mar 2007	£585,000	First Sale
9, THE METROPOLE ESPLANADEFlat, Leasehold	22 Jul 2011	£325,000	-13.33%
9, THE METROPOLE ESPLANADEFlat, Leasehold	04 May 2006	£375,000	First Sale
10, THE METROPOLE ESPLANADEFlat, Leasehold	01 Apr 2010	£500,000	-10.71%
	06 Mar 2009	£560,000	12.00%
	08 May 2006	£500,000	First Sale
1, METROPOLE ESPLANADEFlat, Leasehold	31 Aug 2007	£315,000	First Sale
4, THE METROPOLE ESPLANADEFlat, Leasehold	30 Mar 2007	£343,500	First Sale
7, THE METROPOLE ESPLANADEFlat, Leasehold	15 Nov 2006	£355,000	First Sale
8, THE METROPOLE ESPLANADEFlat, Leasehold	17 Aug 2006	£365,000	First Sale
2, THE METROPOLE ESPLANADEFlat, Leasehold	16 May 2006	£325,000	First Sale
6, THE METROPOLE ESPLANADEFlat, Leasehold	24 Apr 2006	£335,000	First Sale

Check out the sold house prices near the PO38 1JP postcode. Properties currently for saleProperties currently for rent

ESPLANADE, PO38 1JP Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the PO38 1JP 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 PO38 1JP postcode.

Terraced
- The average price is around £135,357 median price is £123,000 Standard Deviation is £89,521 with Total Sold: 523
- The Last 5 Year average price is £229,632 with Total Sold: 62
- The most recent sale happened at this postcode is , 8 ST CATHERINES VIEW: £214,950 (Sold on 13 Sep 2024)
- The first recorded sale happened at this postcode is , 34 OCEAN VIEW ROAD: £27,000 (Sold on 09 Jan 1995)
Flat
- The average price is around £122,556 median price is £106,750 Standard Deviation is £89,153 with Total Sold: 1,006
- The Last 5 Year average price is £198,589 with Total Sold: 108
- The most recent sale happened at this postcode is , 51A ALBERT STREET: £170,000 (Sold on 29 Jul 2024)
- The first recorded sale happened at this postcode is FLAT 1, PIER VIEW ESPLANADE: £32,500 (Sold on 06 Jan 1995)
Semi-Detached
- The average price is around £155,743 median price is £141,250 Standard Deviation is £98,297 with Total Sold: 324
- The Last 5 Year average price is £276,042 with Total Sold: 46
- The most recent sale happened at this postcode is , 8 ALTOFTS GARDENS: £485,000 (Sold on 24 Jun 2024)
- The first recorded sale happened at this postcode is , 46 ALBERT STREET: £17,000 (Sold on 03 Feb 1995)
Other
- The average price is around £268,735 median price is £186,500 Standard Deviation is £360,084 with Total Sold: 68
- The Last 5 Year average price is £351,794 with Total Sold: 32
- The most recent sale happened at this postcode is , 38 HIGH STREET: £191,000 (Sold on 16 Jan 2024)
- The first recorded sale happened at this postcode is , THE REX APARTMENT KINGSVIEW CHURCH STREET: £58,000 (Sold on 25 Sep 2013)
Detached
- The average price is around £258,728 median price is £235,000 Standard Deviation is £197,590 with Total Sold: 252
- The Last 5 Year average price is £443,230 with Total Sold: 37
- The most recent sale happened at this postcode is , 23 NORTH STREET: £145,000 (Sold on 05 Jan 2024)
- The first recorded sale happened at this postcode is , 44 MITCHELL AVENUE: £31,000 (Sold on 28 Feb 1995)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£201,862	£2,548	4
2023	£231,167	£3,649	12
2022	£235,771	£3,205	14
2021	£185,605	£2,594	19
2020	£294,494	£2,430	13
2019	£176,250	£2,236	10
2018	£203,219	£2,252	16
2017	£188,064	£2,564	21
2016	£169,850	£2,213	20
2015	£166,271	£2,032	17
2014	£168,960	£2,150	25
2013	£146,747	£1,994	16
2012	£179,800	£1,960	10
2011	£174,321	£2,402	14
2010	£141,734	£2,093	19
2009	£141,000	£1,894	11
2008	£164,536	£2,259	14
2007	£150,316	£1,808	25
2006	£164,227	£2,006	22
2005	£148,875	£1,774	12
2004	£145,656	£1,569	16
2003	£118,024	£1,411	23
2002	£112,607	£1,152	21
2001	£70,157	£859	22
2000	£68,350	£813	20
1999	£50,380	£670	28
1998	£43,408	£609	20
1997	£36,355	£443	28
1996	£32,821	£399	17
1995	£48,393	£518	14

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£303,833	£4,493	6
2023	£195,368	£2,890	19
2022	£186,970	£2,884	28
2021	£204,588	£2,773	36
2020	£174,332	£2,736	19
2019	£167,541	£2,386	37
2018	£148,919	£2,145	31
2017	£144,490	£2,181	29
2016	£161,405	£2,394	33
2015	£123,533	£1,930	51
2014	£153,689	£2,072	33
2013	£144,369	£1,809	16
2012	£135,758	£2,044	18
2011	£125,475	£2,003	20
2010	£165,878	£2,405	30
2009	£174,650	£2,767	20
2008	£140,427	£2,084	30
2007	£151,142	£2,212	55
2006	£179,109	£2,164	60
2005	£140,429	£1,778	52
2004	£120,757	£1,945	61
2003	£88,822	£1,524	34
2002	£73,459	£1,083	41
2001	£56,912	£805	46
2000	£44,217	£651	54
1999	£43,218	£675	21
1998	£39,690	£603	46
1997	£41,524	£478	25
1996	£30,956	£499	35
1995	£28,715	£433	20

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£485,000		1
2023	£240,300	£3,145	10
2022	£307,000	£3,039	10
2021	£302,214	£2,673	14
2020	£228,086	£2,349	11
2019	£165,944	£2,152	9
2018	£189,125	£2,035	8
2017	£182,900	£2,018	10
2016	£188,500	£1,831	11
2015	£178,077	£2,242	13
2014	£159,469	£2,179	8
2013	£148,111	£1,802	9
2012	£167,125	£2,003	6
2011	£194,992	£1,817	6
2010	£202,111	£1,988	9
2009	£158,667	£2,186	6
2008	£176,955	£1,961	11
2007	£192,111	£1,928	18
2006	£201,893	£1,900	14
2005	£168,261	£2,038	14
2004	£176,525	£1,393	10
2003	£113,192	£1,523	13
2002	£111,294	£1,214	17
2001	£81,267	£854	15
2000	£78,746	£686	14
1999	£75,100	£680	10
1998	£55,375	£444	8
1997	£48,858	£443	22
1996	£39,854	£392	12
1995	£40,500	£382	5

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£191,000		1
2023	£269,875	£2,821	8
2022	£921,000	£2,254	2
2021	£222,834	£1,667	12
2020	£487,935	£2,004	9
2019	£184,000		6
2018	£208,333	£2,812	9
2017	£133,696	£3,258	10
2016	£290,452	£2,054	8
2015	£79,000		1
2014	£240,000		1
2013	£58,000		1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£145,000	£1,686	1
2023	£745,600	£3,000	5
2022	£385,786	£3,623	7
2021	£446,214	£3,694	14
2020	£357,900	£3,595	10
2019	£368,143	£2,992	7
2018	£323,714	£2,621	14
2017	£393,833	£3,275	3
2016	£328,750	£3,015	10
2015	£363,818	£2,551	11
2014	£292,431	£2,421	8
2013	£205,625	£2,071	4
2012	£264,750	£2,572	6
2011	£328,750	£2,556	4
2010	£388,125	£3,892	4
2009	£276,667	£2,440	3
2008	£296,500	£2,099	4
2007	£331,535	£2,368	13
2006	£292,821	£2,003	14
2005	£270,954	£3,506	12
2004	£286,250		4
2003	£206,409	£1,592	11
2002	£195,450	£1,307	10
2001	£134,143	£832	7
2000	£136,125	£785	8
1999	£110,792	£861	12
1998	£80,000	£507	10
1997	£69,569	£1,004	13
1996	£76,007	£522	14
1995	£47,667	£414	9

House Type in PO38 1JP area

The most common house types in the PO38 1JP postcode area are Detached (72), Flat (20), and Shared house (18).

Total	119
Detached	72
Flat	20
Shared house	18
Semi-detached	3
converted building	3
commercial building	2
Terraced	1
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (71), and Private rented: Private landlord or letting agency (26).

Owned: Owns outright	71
Private rented: Private landlord or letting agency	26
Owned: Owns with a mortgage or loan	17
Social rented: Other social rented	2
Private rented: Other private rented	2
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the PO38 1JP have 2 people in household (47), and 1 person in household (43).

2 people in household	47
1 person in household	43
3 people in household	18
4 people in household	6
6 people in household	3
5 people in household	1
8 or more people in household	1
0 people in household	0
7 people in household	0