Housing Market Analysis for GROVES CLOSE, PO40 9LR

Are you looking to understand PO40 9LR 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 PO40 9LR area, explore the PO40 9LR Area information page.
For comprehensive crime statistics in the PO40 9LR area, explore the PO40 9LR Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the PO40 9LR postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £71,875 median price is £55,250 Standard Deviation is £31,911 with Total Sold: 4
    • The most recent sale happened at this postcode is 3 GROVES CLOSE: £127,000 (Sold on 05 Jul 2011)
    • The first recorded sale happened at this postcode is 3 GROVES CLOSE: £50,000 (Sold on 10 May 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average PO40 9LR 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: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2011£127,000 £2,254 1
1999£56,500 £1,003 1
1997£54,000 £958 1
1996£50,000 £887 1

All the Sales in the GROVES CLOSE, PO40 9LR

See the table below for more details on the sold house prices in the PO40 9LR, Isle of Wight postcode.

AddressSold DatePrice% Change
3 GROVES CLOSETerraced, FreeholdArea: 56.35 Sq.mtrAge: 05 Jul 2011£127,000124.78%
22 Jan 1999£56,5004.63%
23 Oct 1997£54,0008.00%
10 May 1996£50,000First Sale

Check out the sold house prices near the PO40 9LR postcode. Properties currently for saleProperties currently for rent

GROVES CLOSE, PO40 9LR Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the PO40 9LR 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 PO40 9LR postcode.

  • Detached
    • The average price is around £232,254 median price is £220,000 Standard Deviation is £128,390 with Total Sold: 720
    • The Last 5 Year average price is £391,698 with Total Sold: 128
    • The most recent sale happened at this postcode is , 2 THE CEDARS MADEIRA LANE: £565,000 (Sold on 28 Jun 2024)
    • The first recorded sale happened at this postcode is , TANGLEWOOD MADEIRA LANE: £66,000 (Sold on 28 Feb 1995)
  • Semi-Detached
    • The average price is around £161,862 median price is £166,500 Standard Deviation is £73,335 with Total Sold: 692
    • The Last 5 Year average price is £254,590 with Total Sold: 109
    • The most recent sale happened at this postcode is , 12 MARTINE CLOSE: £192,500 (Sold on 03 Apr 2024)
    • The first recorded sale happened at this postcode is , 59 GOLDEN RIDGE: £64,000 (Sold on 12 Jan 1995)
  • Terraced
    • The average price is around £146,972 median price is £148,950 Standard Deviation is £74,698 with Total Sold: 249
    • The Last 5 Year average price is £227,057 with Total Sold: 50
    • The most recent sale happened at this postcode is , ALMA COTTAGE COLWELL LANE: £240,000 (Sold on 27 Feb 2024)
    • The first recorded sale happened at this postcode is 4, LONDON HOUSE COTTAGES QUEENS ROAD: £27,000 (Sold on 06 Jan 1995)
  • Flat
    • The average price is around £102,655 median price is £105,000 Standard Deviation is £50,649 with Total Sold: 350
    • The Last 5 Year average price is £152,069 with Total Sold: 51
    • The most recent sale happened at this postcode is FLAT 5, ROSE DAY COURT TENNYSON ROAD: £125,000 (Sold on 23 Feb 2024)
    • The first recorded sale happened at this postcode is , 27B SUNSET CLOSE: £36,900 (Sold on 27 Feb 1995)
  • Other
    • The average price is around £187,917 median price is £129,500 Standard Deviation is £205,374 with Total Sold: 55
    • The Last 5 Year average price is £231,399 with Total Sold: 33
    • The most recent sale happened at this postcode is , 17 COOPERS CLOSE: £108,858 (Sold on 28 Nov 2023)
    • The first recorded sale happened at this postcode is , AVENUES COMMUNITY SUPPORT CENTRE AVENUE ROAD: £32,000 (Sold on 14 Nov 2013)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£379,154 £3,438 13
2023£432,159 £4,145 25
2022£388,539 £3,846 18
2021£460,958 £3,495 34
2020£308,345 £3,200 22
2019£309,654 £3,057 16
2018£300,567 £3,125 30
2017£264,325 £2,894 30
2016£269,554 £2,521 40
2015£242,963 £2,783 27
2014£241,748 £2,707 20
2013£223,933 £2,477 23
2012£233,585 £2,496 17
2011£246,331 £2,366 18
2010£236,382 £2,491 22
2009£226,490 £2,267 20
2008£256,344 £2,406 16
2007£253,246 £2,449 28
2006£248,256 £2,439 31
2005£248,122 £2,369 20
2004£206,705 £2,341 29
2003£191,211 £1,843 19
2002£167,672 £1,671 29
2001£134,084 £1,559 25
2000£123,607 £1,182 23
1999£102,008 £879 30
1998£86,102 £952 28
1997£70,144 £734 24
1996£71,815 £698 25
1995£66,139 £779 18
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£207,667 £2,961 3
2023£278,321 £3,630 14
2022£305,714 £3,039 21
2021£250,825 £2,872 20
2020£234,374 £2,547 34
2019£225,036 £2,310 17
2018£205,332 £2,453 17
2017£197,135 £2,210 22
2016£187,110 £2,100 36
2015£187,021 £1,927 24
2014£168,449 £1,994 28
2013£161,835 £1,895 20
2012£167,464 £1,876 28
2011£157,734 £1,837 19
2010£179,720 £1,979 15
2009£191,494 £1,970 16
2008£195,814 £1,898 17
2007£204,937 £2,196 36
2006£181,672 £1,760 38
2005£177,591 £1,919 16
2004£163,396 £1,918 28
2003£143,845 £1,563 32
2002£114,604 £1,264 24
2001£91,480 £1,075 38
2000£79,325 £1,029 25
1999£69,319 £776 27
1998£55,645 £641 19
1997£53,152 £575 27
1996£51,659 £590 17
1995£51,819 £566 14
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£240,000 £2,243 1
2023£276,250 £3,509 4
2022£312,222 £3,038 9
2021£207,047 £2,539 16
2020£188,700 £2,398 5
2019£196,107 £2,120 15
2018£183,222 £2,262 9
2017£183,825 £2,340 6
2016£148,193 £2,036 7
2015£170,667 £1,822 12
2014£162,859 £1,736 11
2013£152,125 £1,606 4
2012£153,333 £1,389 3
2011£148,500 £2,067 7
2010£142,321 £2,015 3
2009£141,438 £1,852 8
2008£175,268 £2,041 11
2007£192,994 £2,280 8
2006£171,307 £1,847 14
2005£139,121 £2,036 12
2004£107,035 £777 13
2003£123,292 £1,438 10
2002£93,495 £1,356 10
2001£81,312 £992 8
2000£64,233 £658 6
1999£53,786 £828 14
1998£56,800 £659 5
1997£46,000 £592 9
1996£42,000 £672 3
1995£39,333 £580 6
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£125,000 £2,315 1
2023£150,150 £2,729 11
2022£143,658 £2,972 9
2021£179,792 £2,492 12
2020£156,045 £2,004 11
2019£115,994 £2,468 7
2018£120,000 £1,989 9
2017£113,981 £2,136 12
2016£115,109 £1,943 18
2015£115,360 £1,560 11
2014£127,035 £1,959 13
2013£96,727 £1,669 11
2012£108,143 £1,837 7
2011£111,954 £1,968 12
2010£111,677 £1,724 9
2009£121,970 £1,934 12
2008£121,750 £2,135 14
2007£138,268 £1,697 31
2006£110,500 £1,917 11
2005£122,750 £1,855 6
2004£98,629 £1,423 22
2003£74,030 £1,108 12
2002£69,992 £1,384 12
2001£59,558 £1,030 12
2000£44,643 £795 7
1999£49,346 £811 13
1998£36,304 £516 11
1997£36,732 £638 17
1996£34,550 £563 10
1995£31,621 £421 7
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£149,143 £1,624 6
2022£462,4784
2021£126,000 £1,369 6
2020£194,267 £1,589 12
2019£360,838 £871 5
2018£183,200 £1,825 5
2017£112,841 £1,689 11
2016£60,0001
2015£117,500 £755 2
2014£107,5002
2013£32,0001

House Type in PO40 9LR area

The most common house types in the PO40 9LR postcode area are Terraced (59), Semi-detached (45), and Flat (26).

Total135
Terraced59
Semi-detached45
Flat26
Detached5
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Social rented: Other social rented (61), and Owned: Owns with a mortgage or loan (29).

Social rented: Other social rented61
Owned: Owns with a mortgage or loan29
Owned: Owns outright24
Private rented: Private landlord or letting agency15
Social rented: Rents from council or Local Authority5
Private rented: Other private rented2
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the PO40 9LR have 2 people in household (50), and 1 person in household (31).

2 people in household50
1 person in household31
3 people in household25
4 people in household15
5 people in household7
6 people in household3
8 or more people in household1
0 people in household0
7 people in household0