Housing Market Analysis for REW LANE, PO38 3AX

Are you looking to understand PO38 3AX 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 3AX area, explore the PO38 3AX Area information page.
For comprehensive crime statistics in the PO38 3AX area, explore the PO38 3AX Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the PO38 3AX postcode area, The average prices are as follows,

  • Detached
    • The average price is around £250,000 median price is £250,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is PITVILLE REW LANE: £250,000 (Sold on 20 Mar 2015)
    • The first recorded sale happened at this postcode is PITVILLE REW LANE: £250,000 (Sold on 20 Mar 2015)
  • Semi-Detached
    • The average price is around £260,200 median price is £260,000 Standard Deviation is £82,487 with Total Sold: 5
    • The most recent sale happened at this postcode is 2, REW FARM COTTAGES REW LANE: £260,000 (Sold on 12 May 2011)
    • The first recorded sale happened at this postcode is CHERRY ACRE REW LANE: £130,000 (Sold on 21 Apr 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average PO38 3AX 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
2015£250,000 £3,472 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2011£260,000 £2,412 1
2009£390,0001
2007£250,000 £2,319 1
2005£271,0001
1998£130,0001

All the Sales in the REW LANE, PO38 3AX

See the table below for more details on the sold house prices in the PO38 3AX, Isle of Wight postcode.

AddressSold DatePrice% Change
PITVILLE REW LANEDetached, FreeholdArea: 72 Sq.mtrAge: 1950-196620 Mar 2015£250,000First Sale
2, REW FARM COTTAGES REW LANESemi-Detached, FreeholdArea: 107.81 Sq.mtrAge: before 190012 May 2011£260,0004.00%
08 May 2007£250,000First Sale
CHERRY ACRE REW LANESemi-Detached, Freehold16 Oct 2009£390,000200.00%
21 Apr 1998£130,000First Sale
2, VALLEY FARM COTTAGE REW LANESemi-Detached, Freehold11 Nov 2005£271,000First Sale

Check out the sold house prices near the PO38 3AX postcode. Properties currently for saleProperties currently for rent

REW LANE, PO38 3AX Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the PO38 3AX 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 3AX postcode.

  • Terraced
    • The average price is around £100,607 median price is £102,950 Standard Deviation is £52,902 with Total Sold: 65
    • The Last 5 Year average price is £196,786 with Total Sold: 7
    • The most recent sale happened at this postcode is , 27 CHESTNUT CLOSE: £200,000 (Sold on 10 Jul 2024)
    • The first recorded sale happened at this postcode is , 14 CHESTNUT CLOSE: £37,050 (Sold on 04 Oct 1996)
  • Semi-Detached
    • The average price is around £175,494 median price is £142,500 Standard Deviation is £99,912 with Total Sold: 11
    • The most recent sale happened at this postcode is , 13 CHESTNUT CLOSE: £165,000 (Sold on 18 Jan 2019)
    • The first recorded sale happened at this postcode is , 8 CHESTNUT CLOSE: £37,987 (Sold on 08 Nov 1995)
  • Detached
    • The average price is around £279,667 median price is £305,000 Standard Deviation is £145,333 with Total Sold: 6
    • The most recent sale happened at this postcode is , GLENVIEW NEWPORT ROAD: £161,000 (Sold on 07 Oct 2016)
    • The first recorded sale happened at this postcode is , 3 CHESTNUT CLOSE: £42,000 (Sold on 31 Mar 1998)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£200,0001
2023£182,500 £3,461 2
2021£207,500 £3,384 3
2020£190,000 £2,676 1
2019£140,000 £2,779 3
2018£170,000 £2,394 1
2016£159,000 £1,871 1
2015£162,000 £2,219 1
2014£118,938 £2,246 4
2013£116,000 £2,142 2
2011£116,500 £2,501 2
2008£128,500 £3,062 1
2007£151,250 £2,099 2
2006£124,250 £2,226 4
2005£106,951 £1,739 4
2004£103,983 £1,920 3
2003£104,750 £1,806 2
2002£89,833 £1,434 3
2001£67,500 £1,276 3
2000£57,483 £1,117 3
1999£45,317 £769 3
1998£48,500 £712 3
1997£41,429 £646 7
1996£36,171 £627 6
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2019£165,000 £2,391 1
2011£260,000 £2,412 1
2009£390,0001
2007£250,000 £2,319 1
2006£142,500 £2,065 1
2005£271,0001
2003£106,000 £1,536 1
2002£88,975 £1,246 2
1998£130,0001
1995£37,987 £551 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£313,000 £2,419 2
2015£250,000 £3,472 1
2013£400,000 £2,532 1
2009£360,000 £2,278 1
1998£42,000 £486 1

House Type in PO38 3AX area

The most common house types in the PO38 3AX postcode area are Semi-detached (52), Terraced (45), and Detached (31).

Total135
Semi-detached52
Terraced45
Detached31
Flat4
Shared house3
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (61), and Owned: Owns with a mortgage or loan (31).

Owned: Owns outright61
Owned: Owns with a mortgage or loan31
Private rented: Private landlord or letting agency23
Social rented: Other social rented15
Social rented: Rents from council or Local Authority3
Private rented: Other private rented3
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the PO38 3AX have 2 people in household (58), and 1 person in household (42).

2 people in household58
1 person in household42
4 people in household18
3 people in household12
5 people in household3
6 people in household1
7 people in household1
0 people in household0
8 or more people in household0