Housing Market Analysis for PO38 2LG

Are you looking to understand PO38 2LG 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 2LG area, explore the PO38 2LG Area information page.
For comprehensive crime statistics in the PO38 2LG area, explore the PO38 2LG Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the PO38 2LG postcode area, The average prices are as follows,

  • Other
    • The average price is around £518,333 median price is £600,000 Standard Deviation is £137,255 with Total Sold: 3
    • The Last 5 Year average price is £325,000 with Total Sold: 1
    • The most recent sale happened at this postcode is SANDSTONES: £325,000 (Sold on 14 Jul 2023)
    • The first recorded sale happened at this postcode is MORGANS FARM HOUSE: £600,000 (Sold on 15 Sep 2017)
  • Detached
    • The average price is around £225,900 median price is £125,000 Standard Deviation is £153,407 with Total Sold: 5
    • The most recent sale happened at this postcode is REA COTTAGE: £478,500 (Sold on 06 Jul 2016)
    • The first recorded sale happened at this postcode is REA COTTAGE: £90,000 (Sold on 27 Feb 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average PO38 2LG 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: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£325,0001
2018£630,0001
2017£600,0001
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£478,500 £4,350 1
2002£330,0001
1998£125,000 £1,136 1
1997£98,000 £818 2

All the Sales in the PO38 2LG

See the table below for more details on the sold house prices in the PO38 2LG, Isle of Wight postcode.

AddressSold DatePrice% Change
SANDSTONESOther, Freehold14 Jul 2023£325,000First Sale
THE OLD NURSERYOther, Freehold16 Apr 2018£630,00090.91%
02 Oct 2002£330,000211.32%
28 Feb 1997£106,000First Sale
MORGANS FARM HOUSEOther, Freehold15 Sep 2017£600,000First Sale
REA COTTAGEDetached, FreeholdArea: 110 Sq.mtrAge: before 190006 Jul 2016£478,500282.80%
29 Jul 1998£125,00038.89%
27 Feb 1997£90,000First Sale

Check out the sold house prices near the PO38 2LG postcode. Properties currently for saleProperties currently for rent

PO38 2LG Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the PO38 2LG 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 2LG postcode.

  • Semi-Detached
    • The average price is around £265,333 median price is £325,000 Standard Deviation is £164,317 with Total Sold: 3
    • The Last 5 Year average price is £430,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , JASMINE COTTAGE ATHERFIELD ROAD: £430,000 (Sold on 29 Nov 2023)
    • The first recorded sale happened at this postcode is , JASMINE COTTAGE : £41,000 (Sold on 30 Sep 1998)
  • Other
    • The average price is around £518,333 median price is £600,000 Standard Deviation is £137,255 with Total Sold: 3
    • The Last 5 Year average price is £325,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , SANDSTONES : £325,000 (Sold on 14 Jul 2023)
    • The first recorded sale happened at this postcode is , MORGANS FARM HOUSE : £600,000 (Sold on 15 Sep 2017)
  • Detached
    • The average price is around £330,393 median price is £342,500 Standard Deviation is £197,430 with Total Sold: 10
    • The Last 5 Year average price is £790,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , MEADLANDS ATHERFIELD ROAD: £790,000 (Sold on 21 Jun 2022)
    • The first recorded sale happened at this postcode is , REA COTTAGE : £90,000 (Sold on 27 Feb 1997)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£430,000 £3,909 1
2015£325,000 £2,955 1
1998£41,000 £373 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£325,0001
2018£630,0001
2017£600,0001
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£790,000 £8,061 1
2016£478,500 £4,350 1
2015£380,000 £3,585 1
2007£285,000 £2,689 1
2004£355,000 £3,622 1
2002£347,2142
1998£125,000 £1,136 1
1997£98,000 £818 2

House Type in PO38 2LG area

The most common house types in the PO38 2LG postcode area are Detached (70), Semi-detached (27), and Terraced (5).

Total107
Detached70
Semi-detached27
Terraced5
temporary structure4
converted building1
Flat0
Shared house0
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (62), and Owned: Owns with a mortgage or loan (20).

Owned: Owns outright62
Owned: Owns with a mortgage or loan20
Private rented: Private landlord or letting agency14
Private rented: Other private rented8
Shared ownership: Shared ownership1
Social rented: Rents from council or Local Authority1
Social rented: Other social rented1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the PO38 2LG have 2 people in household (40), and 1 person in household (29).

2 people in household40
1 person in household29
3 people in household18
4 people in household14
5 people in household4
7 people in household1
0 people in household0
6 people in household0
8 or more people in household0