Housing Market Analysis for MERSTONE LANE, PO38 3NA

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £426,500 median price is £470,000 Standard Deviation is £160,115 with Total Sold: 4
    • The Last 5 Year average price is £600,000 with Total Sold: 1
    • The most recent sale happened at this postcode is BOHEMIA COTTAGE MERSTONE LANE: £600,000 (Sold on 29 Jun 2021)
    • The first recorded sale happened at this postcode is BOHEMIA COTTAGE MERSTONE LANE: £166,000 (Sold on 24 Jul 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average PO38 3NA 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
2021£600,000 £3,077 1
2017£490,000 £2,513 1
2007£450,000 £2,308 1
1998£166,000 £851 1

All the Sales in the MERSTONE LANE, PO38 3NA

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

AddressSold DatePrice% Change
BOHEMIA COTTAGE MERSTONE LANEDetached, FreeholdArea: 195 Sq.mtrAge: 1950-196629 Jun 2021£600,00022.45%
24 Jul 2017£490,0008.89%
11 Sep 2007£450,000171.08%
24 Jul 1998£166,000First Sale

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

MERSTONE LANE, PO38 3NA Near By properties

Interactive Map

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

  • Other
    • The average price is around £516,500 median price is £585,000 Standard Deviation is £144,895 with Total Sold: 3
    • The Last 5 Year average price is £516,500 with Total Sold: 3
    • The most recent sale happened at this postcode is , BOHEMIA FARM HOUSE MAIN ROAD: £649,500 (Sold on 18 Mar 2022)
    • The first recorded sale happened at this postcode is , ALLENDALE EQUESTRIAN CENTRE NEWPORT ROAD: £315,000 (Sold on 21 Jun 2019)
  • Detached
    • The average price is around £416,292 median price is £470,000 Standard Deviation is £248,214 with Total Sold: 12
    • The Last 5 Year average price is £406,000 with Total Sold: 2
    • The most recent sale happened at this postcode is , BOHEMIA COTTAGE MERSTONE LANE: £600,000 (Sold on 29 Jun 2021)
    • The first recorded sale happened at this postcode is , CUSTARD COTTAGE NEWPORT ROAD: £73,000 (Sold on 12 Jun 1996)
  • Semi-Detached
    • The average price is around £116,333 median price is £119,000 Standard Deviation is £12,392 with Total Sold: 3
    • The most recent sale happened at this postcode is , GREENWOOD NEWPORT ROAD: £100,000 (Sold on 19 Mar 2018)
    • The first recorded sale happened at this postcode is , GLENHOLME MAIN ROAD: £119,000 (Sold on 13 Jun 2003)

Sold Price Trend Over the Years:

House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£649,500 £3,365 1
2019£450,000 £2,092 2
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£600,000 £3,077 1
2019£212,000 £3,118 1
2017£490,000 £2,513 1
2013£482,500 £2,555 2
2007£500,000 £2,579 2
2006£720,000 £2,869 1
2004£662,500 £2,639 1
1999£107,0001
1998£166,000 £851 1
1996£73,0001
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£100,000 £1,724 1
2005£130,0001
2003£119,0001

House Type in PO38 3NA area

The most common house types in the PO38 3NA 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 3NA 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