Housing Market Analysis for MADEIRA ROAD, PO38 1QJ

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

Overview of Sold House prices

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

Flat
- The average price is around £127,195 median price is £140,000 Standard Deviation is £47,866 with Total Sold: 41
- The Last 5 Year average price is £170,000 with Total Sold: 5
- The most recent sale happened at this postcode is FLAT 5, MADEIRA COURT MADEIRA ROAD: £95,000 (Sold on 14 Dec 2022)
- The first recorded sale happened at this postcode is FLAT 2, MADEIRA COURT MADEIRA ROAD: £34,000 (Sold on 29 Sep 1995)
Terraced
- The average price is around £71,667 median price is £55,000 Standard Deviation is £30,912 with Total Sold: 3
- The most recent sale happened at this postcode is FLAT 11, MADEIRA COURT MADEIRA ROAD: £115,000 (Sold on 12 Mar 2004)
- The first recorded sale happened at this postcode is FLAT 14, MADEIRA COURT MADEIRA ROAD: £45,000 (Sold on 10 Jun 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average PO38 1QJ 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
2022	£95,000		1
2021	£207,500	£2,209	2
2020	£170,000	£2,775	2
2018	£172,000	£3,193	1
2016	£171,500	£2,888	2
2015	£161,333	£2,722	3
2014	£158,000	£2,469	1
2013	£133,500	£2,086	2
2011	£142,375	£2,417	4
2010	£156,500	£1,962	2
2009	£160,000	£2,517	1
2008	£175,000	£2,766	2
2006	£137,498		2
2005	£129,000		2
2004	£133,500		2
2003	£93,500	£1,601	2
2002	£62,667	£1,258	3
2001	£57,000		2
2000	£57,250	£970	2
1999	£55,500		2
1995	£34,000		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2004	£115,000	£1,949	1
2000	£55,000	£859	1
1996	£45,000	£703	1

All the Sales in the MADEIRA ROAD, PO38 1QJ

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

Address	Sold Date	Price	% Change
FLAT 5, MADEIRA COURT MADEIRA ROADFlat, Leasehold	14 Dec 2022	£95,000	First Sale
FLAT 18, MADEIRA COURT MADEIRA ROADFlat, LeaseholdArea: 106.4 Sq.mtrAge: 1976-1982	22 Nov 2021	£235,000	48.73%
	11 Oct 2010	£158,000	First Sale
FLAT 1, MADEIRA COURT MADEIRA ROADFlat, Leasehold	25 Jun 2021	£180,000	200.00%
FLAT 1, MADEIRA COURT MADEIRA ROADFlat, Leasehold	18 Dec 2000	£60,000	First Sale
FLAT 11, MADEIRA COURT MADEIRA ROADFlat, LeaseholdArea: 59 Sq.mtrAge: 1983-1990	05 Jun 2020	£165,000	6.45%
	14 May 2015	£155,000	34.78%
	12 Mar 2004	£115,000	First Sale
FLAT 17, MADEIRA COURT MADEIRA ROADFlat, LeaseholdArea: 63.57 Sq.mtrAge: 1983-1990	19 May 2020	£175,000	12.90%
	02 Jul 2010	£155,000	-6.06%
	17 Jan 2008	£165,000	106.25%
	19 Sep 2002	£80,000	First Sale
FLAT 10, MADEIRA COURT MADEIRA ROADFlat, LeaseholdArea: 53.87 Sq.mtrAge: 1967-1975	22 Aug 2018	£172,000	26.94%
	06 Jan 2011	£135,500	First Sale
FLAT 9, MADEIRA COURT MADEIRA ROADFlat, LeaseholdArea: 56.2 Sq.mtrAge: 1967-1975	08 Jul 2016	£173,000	4.85%
	16 Jan 2015	£165,000	14.58%
	25 Feb 2011	£144,000	60.00%
	07 Jul 2003	£90,000	65.14%
	14 Mar 2000	£54,500	First Sale
FLAT 16, MADEIRA COURT MADEIRA ROADFlat, LeaseholdArea: 63 Sq.mtrAge: 1967-1975	31 Mar 2016	£170,000	3.66%
	24 Mar 2015	£164,000	9.33%
	14 Jan 2011	£150,000	-18.92%
	17 Jan 2008	£185,000	First Sale
FLAT 14, MADEIRA COURT MADEIRA ROADFlat, LeaseholdArea: 64 Sq.mtrAge: 1976-1982	31 Mar 2014	£158,000	43.64%
	05 Jul 2013	£110,000	100.00%
	24 Mar 2000	£55,000	22.22%
	10 Jun 1996	£45,000	First Sale
FLAT 12, MADEIRA COURT MADEIRA ROADFlat, LeaseholdArea: 64 Sq.mtrAge: 1983-1990	30 Jul 2013	£157,000	First Sale
FLAT 15, MADEIRA COURT MADEIRA ROADFlat, LeaseholdArea: 63.36 Sq.mtrAge: 1967-1975	25 Feb 2011	£140,000	First Sale
FLAT 19, MADEIRA COURT MADEIRA ROADFlat, LeaseholdArea: 63.57 Sq.mtr	20 Nov 2009	£160,000	First Sale
FLAT 6, MADEIRA COURT MADEIRA ROADFlat, Leasehold	30 Jun 2006	£129,995	34.02%
	19 Dec 2003	£97,000	110.87%
	22 Dec 1999	£46,000	First Sale
FLAT 21, MADEIRA COURT MADEIRA ROADFlat, Leasehold	13 Apr 2006	£145,000	173.58%
FLAT 21, MADEIRA COURT MADEIRA ROADFlat, Leasehold	05 Apr 2002	£53,000	First Sale
FLAT 7, MADEIRA COURT MADEIRA ROADFlat, Leasehold	09 Dec 2005	£135,000	9.76%
	29 Jul 2005	£123,000	127.78%
	21 Feb 2001	£54,000	First Sale
FLAT 20, MADEIRA COURT MADEIRA ROADFlat, Leasehold	29 Oct 2004	£135,000	107.69%
FLAT 20, MADEIRA COURT MADEIRA ROADFlat, Leasehold	15 Nov 1999	£65,000	First Sale
FLAT 3, MADEIRA COURT MADEIRA ROADFlat, Leasehold	11 Jun 2004	£132,000	140.00%
FLAT 3, MADEIRA COURT MADEIRA ROADFlat, Leasehold	08 Apr 2002	£55,000	First Sale
FLAT 2, MADEIRA COURT MADEIRA ROADFlat, Leasehold	30 Jan 2001	£60,000	76.47%
FLAT 2, MADEIRA COURT MADEIRA ROADFlat, Leasehold	29 Sep 1995	£34,000	First Sale

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

MADEIRA ROAD, PO38 1QJ Near By properties

Interactive Map

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

Terraced
- The average price is around £127,211 median price is £115,000 Standard Deviation is £117,994 with Total Sold: 274
- The Last 5 Year average price is £257,212 with Total Sold: 29
- 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)
Other
- The average price is around £513,896 median price is £175,000 Standard Deviation is £656,064 with Total Sold: 20
- The Last 5 Year average price is £614,619 with Total Sold: 11
- 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 £316,992 median price is £257,500 Standard Deviation is £237,989 with Total Sold: 262
- The Last 5 Year average price is £593,955 with Total Sold: 33
- 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 £116,891 median price is £100,000 Standard Deviation is £74,644 with Total Sold: 550
- The Last 5 Year average price is £185,870 with Total Sold: 82
- 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)
Semi-Detached
- The average price is around £167,000 median price is £140,000 Standard Deviation is £121,644 with Total Sold: 237
- The Last 5 Year average price is £330,524 with Total Sold: 25
- The most recent sale happened at this postcode is , SHENSTONE LEESON ROAD: £436,000 (Sold on 20 Feb 2023)
- The first recorded sale happened at this postcode is , PEACOCK COTTAGE BONCHURCH VILLAGE ROAD: £80,000 (Sold on 21 Feb 1995)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£191,225	£3,221	2
2023	£269,000	£3,033	6
2022	£214,166	£2,617	3
2021	£348,850	£3,228	10
2020	£166,463	£1,738	8
2019	£168,000	£2,292	4
2018	£237,214	£1,778	7
2017	£184,500	£1,991	6
2016	£159,250	£1,895	8
2015	£161,164	£2,086	11
2014	£130,438	£1,915	12
2013	£164,419	£2,076	9
2012	£126,750	£2,271	6
2011	£179,143	£1,676	7
2010	£171,432	£1,874	9
2009	£156,667	£2,797	3
2008	£143,914	£1,581	9
2007	£155,541	£2,296	11
2006	£146,531	£1,875	8
2005	£162,024	£1,732	8
2004	£119,177	£1,376	11
2003	£109,000	£1,370	11
2002	£108,889	£1,010	9
2001	£76,359	£973	14
2000	£65,018	£863	14
1999	£48,012	£606	21
1998	£39,382	£531	17
1997	£48,632	£523	11
1996	£38,136	£398	14
1995	£29,500	£494	5

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£2,600,000		1
2023	£174,000	£1,098	2
2022	£309,250	£5,241	4
2021	£741,935	£13	3
2020	£350,000		1
2019	£148,167	£1,417	3
2018	£10,000		1
2017	£355,903		2
2016	£812		1
2014	£1,175,000	£13,313	2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£325,000	£1,686	2
2023	£759,500	£5,924	6
2022	£722,500	£5,048	6
2021	£546,962	£4,174	13
2020	£491,333	£3,810	6
2019	£457,000	£3,068	5
2018	£417,778	£3,444	9
2017	£419,833	£3,240	6
2016	£398,333	£2,770	9
2015	£373,000	£2,670	6
2014	£354,083	£2,774	6
2013	£348,760	£2,353	6
2012	£443,571	£2,496	7
2011	£638,600	£2,741	5
2010	£358,822	£2,918	9
2009	£380,812	£2,992	8
2008	£334,983		3
2007	£399,571	£2,391	13
2006	£323,814	£2,197	11
2005	£303,667	£2,097	6
2004	£273,033	£1,974	12
2003	£245,630	£2,183	15
2002	£245,600	£1,833	10
2001	£175,929	£1,124	14
2000	£175,056	£977	9
1999	£172,828	£986	20
1998	£111,658	£615	12
1997	£105,944	£683	9
1996	£75,995	£679	10
1995	£80,556	£726	9

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£216,875	£2,505	4
2023	£232,438	£2,945	8
2022	£182,518	£2,469	28
2021	£180,790	£2,464	24
2020	£170,272	£2,261	18
2019	£175,667	£1,914	12
2018	£138,792	£2,070	12
2017	£165,938	£2,165	12
2016	£168,474	£2,161	19
2015	£162,237	£1,929	19
2014	£141,944	£1,962	9
2013	£126,559	£1,794	17
2012	£133,547	£1,680	13
2011	£140,778	£1,830	18
2010	£168,208	£2,046	10
2009	£120,364	£1,802	11
2008	£147,557	£2,308	14
2007	£140,045	£1,897	24
2006	£147,250	£2,009	25
2005	£118,426	£2,138	19
2004	£129,123	£1,662	32
2003	£76,322	£1,149	25
2002	£64,659	£997	34
2001	£74,618	£851	25
2000	£53,980	£714	28
1999	£43,927	£579	35
1998	£32,216	£498	21
1997	£28,492	£329	13
1996	£36,695	£407	10
1995	£33,682	£318	11

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£382,000	£2,673	3
2022	£340,000	£3,042	4
2021	£353,799	£2,291	12
2020	£251,917	£2,047	6
2019	£194,125	£2,026	8
2018	£215,375	£1,658	4
2017	£205,875	£2,213	8
2016	£152,475	£2,046	8
2015	£213,667	£2,048	9
2014	£247,250	£1,813	12
2013	£154,000	£926	4
2012	£244,200	£2,499	5
2011	£180,250	£1,854	6
2010	£147,773	£1,725	11
2009	£195,464	£1,686	11
2008	£222,862	£2,241	4
2007	£199,625	£1,708	8
2006	£230,357	£1,612	7
2005	£212,643	£1,385	7
2004	£153,372	£1,520	9
2003	£156,749	£1,452	9
2002	£127,862	£968	16
2001	£88,556	£963	9
2000	£78,955	£657	11
1999	£70,100	£677	12
1998	£53,091	£575	11
1997	£36,491	£424	11
1996	£26,750	£295	6
1995	£61,917	£662	6

House Type in PO38 1QJ area

The most common house types in the PO38 1QJ postcode area are Shared house (50), Flat (29), and Detached (22).

Total	142
Shared house	50
Flat	29
Detached	22
Semi-detached	20
converted building	16
Terraced	5
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (74), and Private rented: Private landlord or letting agency (35).

Owned: Owns outright	74
Private rented: Private landlord or letting agency	35
Owned: Owns with a mortgage or loan	25
Social rented: Other social rented	4
Private rented: Other private rented	3
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 1QJ have 1 person in household (72), and 2 people in household (54).

1 person in household	72
2 people in household	54
4 people in household	6
3 people in household	5
5 people in household	3
0 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0