You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in PO38

House Prices in PO38

The average house price in PO38 (Ventnor) is £265,000 using HM Land Registry data.

The average property price increased by £138,937 (57.04%) over the last 5 years and increased by £27,838 (7.12%) over the last 12 months.

Over the last year, there were 133 residential property sales – a decrease of 51 transactions (-38.35%) relative to the previous year. The majority of house sales (42) were in the £170,000 - £276,000 range. Then came properties in the £276,000 - £382,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,126 (-5%).

In Oct 24, there were new estate agency instructions, agreed home sales and property price reductions.

5-Year Average Property Prices in PO38 (Ventnor)

57.04%

Property prices in Ventnor increased by 57.04% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PO38 (Ventnor) Over the Last Year

7.12%

Property prices in Ventnor increased by 7.12% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for PO38 (Ventnor) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PO38 (Ventnor)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PO38 (Ventnor)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PO38 (Ventnor)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PO38 (Ventnor) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PO38 postcode area since 1995.

Recent Sales in PO38 (Ventnor)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
The Chapel House, St Johns Road, Wroxall, Ventnor, Isle Of Wight, PO38 3EE	£220,000	£218,000	-£2,000	04 Mar 2024	29 Jul 2024	147 Days
51a, Albert Street, Ventnor, Isle Of Wight, PO38 1EU	£175,000	£170,000	-£5,000	19 Mar 2024	29 Jul 2024	132 Days
Cedar Glen, Ventnor Road, Niton Undercliff, Ventnor, Isle Of Wight, PO38 2LY	£460,000	£445,000	-£15,000	27 Mar 2024	26 Jul 2024	121 Days
20a, West Street, Wroxall, Ventnor, Isle Of Wight, PO38 3BU	£129,950	£125,000	-£4,950	16 Mar 2024	19 Jul 2024	125 Days
2 Undercliff Gardens, Ventnor, Isle Of Wight, PO38 1UB	£405,000	£400,000	-£5,000	06 Dec 2023	03 Jul 2024	210 Days
10 St Catherines View, Godshill, Ventnor, Isle Of Wight, PO38 3JJ	£345,000	£345,000	£00	09 Aug 2023	03 Jul 2024	329 Days
8 Altofts Gardens, Ventnor, Isle Of Wight, PO38 1DT	£495,000	£485,000	-£10,000	23 Oct 2023	24 Jun 2024	245 Days
14 Bannock Road, Whitwell, Ventnor, Isle Of Wight, PO38 2RD	£425,000	£365,000	-£60,000	21 Feb 2023	04 Jun 2024	469 Days
3 Stenbury View, Wroxall, Ventnor, Isle Of Wight, PO38 3DB	£259,950	£250,000	-£9,950	14 Mar 2024	10 May 2024	57 Days
7 Coombe Park, Wroxall, Ventnor, Isle Of Wight, PO38 3PH	£335,000	£300,000	-£35,000	01 Nov 2023	08 May 2024	189 Days
Montecello, Maples Drive, Ventnor, Isle Of Wight, PO38 1NR	£675,000	£605,000	-£70,000	24 Oct 2023	28 Mar 2024	156 Days
80 Stenbury View, Wroxall, Ventnor, Isle Of Wight, PO38 3DD	£385,000	£375,000	-£10,000	20 Nov 2023	13 Mar 2024	114 Days
21 Downlands Crescent, Ventnor, Isle Of Wight, PO38 1BE	£225,000	£210,000	-£15,000	13 Sep 2023	01 Mar 2024	170 Days
Pound Farm Bungalow, Shanklin Road, Sandford, Ventnor, Isle Of Wight, PO38 3AW	£675,000	£635,000	-£40,000	02 May 2023	01 Mar 2024	304 Days
Scallop Shell Cottage, Pan Lane, Niton, Ventnor, Isle Of Wight, PO38 2BU	£425,000	£422,000	-£3,000	27 Jul 2023	29 Feb 2024	217 Days
Pipkins, Canteen Road, Whiteley Bank, Ventnor, Isle Of Wight, PO38 3AF	£325,000	£317,000	-£8,000	17 Nov 2021	16 Feb 2024	821 Days
Flat 2, Teakwood, Spring Gardens, Ventnor, Isle Of Wight, PO38 1QX	£180,000	£179,500	-£500	18 Jan 2023	15 Feb 2024	393 Days
102 Newport Road, Ventnor, Isle Of Wight, PO38 1BD	£200,000	£200,000	£00	28 Oct 2023	13 Feb 2024	108 Days
3 West Street, Wroxall, Ventnor, Isle Of Wight, PO38 3BU	£210,000	£183,000	-£27,000	20 Sep 2023	09 Feb 2024	142 Days
41 Hillcrest Road, Rookley, Ventnor, Isle Of Wight, PO38 3PB	£265,000	£257,500	-£7,500	07 Nov 2023	31 Jan 2024	85 Days

Most Expensive Streets in PO38 (Ventnor)

Postcode	Street	Area	Average	No. of Sales
PO38 3JY	Bagwich Lane, Godshill	Ventnor	£1,126,666	3
PO38 1RN	Shore Road	Ventnor	£1,063,166	3
PO38 1XR	Old Park Road	Ventnor	£1,006,666	3
PO38 3JR	Sheepwash Lane, Godshill	Ventnor	£808,333	3
PO38 1RQ	Bonchurch Village Road	Ventnor	£716,666	3
PO38 2NQ	Sandrock Road, Niton Undercliff	Ventnor	£675,000	5
PO38 2PP	Ashknowle Lane, Whitwell	Ventnor	£636,875	4
PO38 1RG	Bonchurch Village Road	Ventnor	£618,897	4
PO38 2LY	Ventnor Road, Niton Undercliff	Ventnor	£602,000	3
PO38 1UH	Steephill Court Road	Ventnor	£580,833	6

Least Expensive Streets in PO38 (Ventnor)

Postcode	Street	Area	Average	No. of Sales
PO38 1DU	Mitchell Avenue	Ventnor	£90,000	3
PO38 1RP	Westfield Bungalows	Ventnor	£122,928	7
PO38 1LT	High Street	Ventnor	£138,714	7
PO38 1LU	High Street	Ventnor	£141,750	4
PO38 1EE	Alexandra Gardens	Ventnor	£143,000	3
PO38 1AS	Cornwall Road	Ventnor	£144,166	3
PO38 1NL	Trinity Road	Ventnor	£144,550	9
PO38 1DS	Mitchell Avenue	Ventnor	£145,000	3
PO38 1EU	Albert Street	Ventnor	£147,400	5
PO38 1JU	Melbourne, Alma Road	Ventnor	£148,605	3