Housing Market Analysis for BANAS CLOSE, PO38 1QA

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

Overview of Sold House prices

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

  • Terraced
    • The average price is around £108,833 median price is £87,500 Standard Deviation is £89,060 with Total Sold: 3
    • The most recent sale happened at this postcode is 1 BANAS CLOSE: £227,000 (Sold on 07 Dec 2005)
    • The first recorded sale happened at this postcode is 1 BANAS CLOSE: £12,000 (Sold on 12 Dec 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average PO38 1QA 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
2005£227,000 £1,428 1
1999£87,500 £550 1
1996£12,000 £75 1

All the Sales in the BANAS CLOSE, PO38 1QA

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

AddressSold DatePrice% Change
1 BANAS CLOSETerraced, FreeholdArea: 159 Sq.mtrAge: 1991-199507 Dec 2005£227,000159.43%
05 Oct 1999£87,500629.17%
12 Dec 1996£12,000First Sale

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

BANAS CLOSE, PO38 1QA Near By properties

Interactive Map

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

  • Terraced
    • The average price is around £125,823 median price is £121,250 Standard Deviation is £80,929 with Total Sold: 316
    • The Last 5 Year average price is £207,876 with Total Sold: 31
    • 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 , 56 ST CATHERINE STREET: £36,000 (Sold on 09 Jun 1995)
  • Semi-Detached
    • The average price is around £166,305 median price is £143,000 Standard Deviation is £116,358 with Total Sold: 285
    • The Last 5 Year average price is £328,516 with Total Sold: 33
    • 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 , PEACOCK COTTAGE BONCHURCH VILLAGE ROAD: £80,000 (Sold on 21 Feb 1995)
  • Other
    • The average price is around £484,714 median price is £180,000 Standard Deviation is £619,776 with Total Sold: 23
    • The Last 5 Year average price is £543,129 with Total Sold: 14
    • The most recent sale happened at this postcode is , PULPIT ROCK THE PITTS: £2,600,000 (Sold on 21 Jun 2024)
    • The first recorded sale happened at this postcode is , WESTFIELD LODGE SHORE ROAD: £1,175,000 (Sold on 19 Jun 2014)
  • Detached
    • The average price is around £291,468 median price is £240,000 Standard Deviation is £214,340 with Total Sold: 216
    • The Last 5 Year average price is £572,635 with Total Sold: 26
    • The most recent sale happened at this postcode is , 22 MADEIRA ROAD: £505,000 (Sold on 13 Jun 2024)
    • The first recorded sale happened at this postcode is , 27 MADEIRA ROAD: £22,000 (Sold on 10 Mar 1995)
  • Flat
    • The average price is around £106,062 median price is £92,750 Standard Deviation is £66,617 with Total Sold: 632
    • The Last 5 Year average price is £172,348 with Total Sold: 90
    • The most recent sale happened at this postcode is FLAT 4, OLD CHURCH, 138 HIGH STREET: £200,000 (Sold on 31 May 2024)
    • The first recorded sale happened at this postcode is , 149A HIGH STREET: £43,000 (Sold on 03 Jan 1995)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£191,225 £3,221 2
2023£269,000 £3,033 6
2022£214,166 £2,617 3
2021£210,318 £2,768 11
2020£165,745 £1,862 9
2019£194,714 £2,217 7
2018£244,188 £1,698 8
2017£176,556 £2,468 9
2016£160,773 £1,988 11
2015£179,215 £2,012 13
2014£138,589 £1,843 14
2013£162,977 £2,082 10
2012£127,207 £2,142 7
2011£184,700 £2,004 10
2010£173,899 £1,797 11
2009£156,667 £2,797 3
2008£143,023 £1,699 10
2007£150,727 £2,131 15
2006£139,917 £1,476 9
2005£162,024 £1,732 8
2004£128,246 £1,263 14
2003£107,833 £1,405 12
2002£108,889 £1,010 9
2001£75,435 £975 15
2000£64,203 £870 16
1999£47,667 £664 24
1998£39,333 £532 18
1997£47,746 £523 12
1996£38,293 £392 15
1995£29,500 £494 5
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£485,0001
2023£359,000 £2,703 4
2022£358,000 £3,031 5
2021£346,328 £2,284 14
2020£253,494 £2,095 9
2019£181,545 £1,942 11
2018£199,300 £1,736 5
2017£217,500 £2,065 10
2016£145,533 £1,879 9
2015£204,900 £1,986 10
2014£207,979 £1,758 12
2013£158,500 £1,362 6
2012£248,500 £2,425 6
2011£193,779 £1,942 7
2010£151,500 £1,652 12
2009£200,864 £1,731 11
2008£192,242 £1,827 6
2007£207,000 £1,731 11
2006£207,864 £1,819 11
2005£212,643 £1,385 7
2004£162,642 £1,365 13
2003£144,774 £1,635 10
2002£125,988 £968 16
2001£86,154 £851 13
2000£78,300 £704 15
1999£68,745 £677 11
1998£55,917 £526 12
1997£40,282 £420 15
1996£26,750 £295 6
1995£62,429 £594 7
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£2,600,0001
2023£215,333 £1,098 3
2022£309,250 £5,241 4
2021£681,451 £13 4
2020£197,5002
2019£160,000 £1,771 2
2018£10,0001
2017£355,9032
2016£76,406 £2,054 2
2014£1,175,000 £13,313 2
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£325,000 £1,686 2
2023£710,000 £5,875 6
2022£722,000 £5,274 5
2021£525,056 £3,714 9
2020£410,750 £2,269 4
2019£485,000 £3,068 4
2018£496,250 £2,842 4
2017£426,250 £3,254 4
2016£374,375 £2,636 8
2015£270,600 £2,639 5
2014£337,786 £2,810 7
2013£335,427 £2,028 6
2012£436,667 £1,951 6
2011£235,750 £2,479 4
2010£371,557 £2,858 7
2009£373,300 £2,160 5
2008£302,9884
2007£303,806 £2,089 16
2006£317,945 £2,190 10
2005£283,400 £1,996 5
2004£263,040 £1,881 10
2003£234,909 £1,412 11
2002£240,400 £2,000 5
2001£165,208 £1,002 12
2000£160,682 £862 11
1999£156,341 £846 16
1998£99,129 £631 7
1997£91,100 £976 10
1996£63,800 £610 5
1995£52,750 £607 8
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£216,875 £2,505 4
2023£197,500 £2,844 8
2022£176,627 £2,433 31
2021£167,088 £2,447 28
2020£153,153 £2,209 19
2019£158,179 £1,910 14
2018£127,321 £1,979 14
2017£145,250 £2,072 17
2016£147,346 £2,098 23
2015£137,857 £1,812 21
2014£123,188 £1,850 13
2013£118,139 £1,752 18
2012£109,309 £1,622 16
2011£131,500 £1,761 21
2010£148,105 £2,077 10
2009£120,400 £1,950 10
2008£137,050 £2,056 16
2007£123,206 £1,905 28
2006£116,972 £1,882 30
2005£107,377 £1,646 32
2004£114,832 £1,644 33
2003£77,039 £1,136 27
2002£63,957 £1,007 37
2001£66,964 £842 29
2000£47,918 £728 31
1999£43,568 £579 36
1998£32,117 £517 26
1997£25,038 £329 12
1996£32,778 £438 16
1995£30,579 £340 12

House Type in PO38 1QA area

The most common house types in the PO38 1QA postcode area are Detached (50), Shared house (33), and Semi-detached (20).

Total119
Detached50
Shared house33
Semi-detached20
Terraced13
Flat3
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (68), and Owned: Owns with a mortgage or loan (26).

Owned: Owns outright68
Owned: Owns with a mortgage or loan26
Private rented: Private landlord or letting agency9
Private rented: Other private rented8
Social rented: Other social rented4
Shared ownership: Shared ownership1
Does not apply0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the PO38 1QA have 1 person in household (48), and 2 people in household (36).

1 person in household48
2 people in household36
3 people in household13
4 people in household13
5 people in household4
6 people in household1
7 people in household1
0 people in household0
8 or more people in household0