Housing Market Analysis for REDHILL LANE, PO38 3ET

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £501,238 median price is £502,500 Standard Deviation is £216,791 with Total Sold: 4
    • The most recent sale happened at this postcode is REDHILL COTTAGE REDHILL LANE: £680,000 (Sold on 22 Nov 2019)
    • The first recorded sale happened at this postcode is STADDLESTONES REDHILL LANE: £325,000 (Sold on 10 May 2004)
  • Other
    • The average price is around £680,000 median price is £680,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is REDHILL COTTAGE REDHILL LANE: £680,000 (Sold on 22 Nov 2019)
    • The first recorded sale happened at this postcode is REDHILL COTTAGE REDHILL LANE: £680,000 (Sold on 22 Nov 2019)

Sold Price Trend Over the Years:

Below table and chart gives the average PO38 3ET 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
2019£680,000 £2,918 1
2009£749,950 £3,091 1
2007£250,000 £1,073 1
2004£325,0001
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2019£680,000 £2,918 1

All the Sales in the REDHILL LANE, PO38 3ET

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

AddressSold DatePrice% Change
REDHILL COTTAGE REDHILL LANEDetached, FreeholdArea: 233 Sq.mtrAge: before 190022 Nov 2019£680,0000.0
22 Nov 2019£680,000172.00%
30 Mar 2007£250,000First Sale
LINNET MEAD REDHILL LANEDetached, FreeholdArea: 242.6 Sq.mtrAge: 2003-200629 Sep 2009£749,950First Sale
STADDLESTONES REDHILL LANEDetached, Freehold10 May 2004£325,000First Sale

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

REDHILL LANE, PO38 3ET Near By properties

Interactive Map

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

  • Detached
    • The average price is around £324,740 median price is £280,000 Standard Deviation is £194,115 with Total Sold: 39
    • The Last 5 Year average price is £633,681 with Total Sold: 4
    • The most recent sale happened at this postcode is , POUND FARM BUNGALOW SHANKLIN ROAD: £635,000 (Sold on 01 Mar 2024)
    • The first recorded sale happened at this postcode is , DAFFODIL VALLEY LODGE REDHILL LANE: £121,000 (Sold on 19 Oct 1995)
  • Terraced
    • The average price is around £133,623 median price is £145,000 Standard Deviation is £74,666 with Total Sold: 13
    • The Last 5 Year average price is £278,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , 5 SANDFORD BARNS: £278,000 (Sold on 21 Jul 2023)
    • The first recorded sale happened at this postcode is , 7 SANDFORD BARNS: £31,000 (Sold on 16 Jun 1995)
  • Other
    • The average price is around £516,279 median price is £542,950 Standard Deviation is £410,124 with Total Sold: 7
    • The Last 5 Year average price is £542,950 with Total Sold: 1
    • The most recent sale happened at this postcode is , POUND FARMHOUSE SHANKLIN ROAD: £542,950 (Sold on 26 Jan 2022)
    • The first recorded sale happened at this postcode is , GODSHILL PARK FARM HOUSE SHANKLIN ROAD: £63,000 (Sold on 30 Jun 2017)
  • Semi-Detached
    • The average price is around £232,571 median price is £225,000 Standard Deviation is £84,842 with Total Sold: 7
    • The most recent sale happened at this postcode is 2, SANDFORD COTTAGES SHANKLIN ROAD: £330,000 (Sold on 29 Sep 2017)
    • The first recorded sale happened at this postcode is 2, SANDFORD COTTAGES SHANKLIN ROAD: £60,000 (Sold on 06 Apr 1998)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£635,0001
2022£665,000 £4,182 1
2021£960,000 £2,449 1
2020£274,7251
2019£680,000 £2,918 1
2018£401,350 £3,270 2
2017£291,000 £2,233 2
2016£168,000 £1,428 2
2015£280,000 £2,650 3
2014£325,000 £2,044 1
2013£427,500 £2,018 2
2011£412,500 £3,379 2
2010£285,0002
2009£749,950 £3,091 1
2008£250,000 £2,304 1
2007£301,250 £1,817 4
2006£263,250 £2,282 2
2005£265,000 £2,481 1
2004£325,0001
2001£190,0001
2000£95,000 £597 1
1999£132,000 £698 1
1998£105,0001
1997£101,000 £906 2
1996£148,0001
1995£121,0001
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£278,000 £4,088 1
2018£203,875 £3,039 2
2017£160,000 £2,353 1
2015£200,000 £2,500 1
2014£135,000 £2,455 1
2002£151,750 £1,812 2
1999£66,500 £1,209 1
1997£45,176 £821 2
1995£48,000 £564 2
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£542,950 £2,873 1
2019£483,333 £3,112 3
2018£779,000 £5,991 2
2017£63,000 £278 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2017£330,000 £3,667 1
2008£210,0001
2006£220,0001
2005£291,5002
2004£225,0001
1998£60,000 £667 1

House Type in PO38 3ET area

The most common house types in the PO38 3ET postcode area are Detached (133), Semi-detached (42), and Terraced (13).

Total192
Detached133
Semi-detached42
Terraced13
commercial building2
Shared house1
converted building1
Flat0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (112), and Owned: Owns with a mortgage or loan (53).

Owned: Owns outright112
Owned: Owns with a mortgage or loan53
Private rented: Private landlord or letting agency23
Private rented: Other private rented4
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the PO38 3ET have 2 people in household (92), and 1 person in household (48).

2 people in household92
1 person in household48
4 people in household26
3 people in household14
5 people in household7
8 or more people in household2
6 people in household1
7 people in household1
0 people in household0