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House Prices in PO38 House Prices in PO38 (Ventnor)

The average house price in PO38 (Ventnor) is £358,400 using HM Land Registry data.

The average property price increased by £121,620 (57.04%) over the last 5 years and increased by £24,369 (7.12%) over the last 12 months.

Over the last year, there were 136 residential property sales – a decrease of 40 transactions (-29.41%) relative to the previous year. The majority of house sales (43) were in the £170,000 - £264,000 range. Then came properties in the £264,000 - £358,000 range, where 28 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 110 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,656 (-4%).

In Dec 24, there were 32 new estate agency instructions, 7 agreed home sales and 28 property price reductions.

Nearby Postcodes: PO30, PO31, PO32, PO33, PO35, PO36, PO37, PO40, PO41

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.

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).

Property Market Heat Gauge for PO38 (Ventnor) - Dec 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
St Davids, St Johns Road, Wroxall, Ventnor, Isle Of Wight, PO38 3EH£260,000£250,000-£10,00008 Jan 202431 Oct 2024297 Days
32 School Crescent, Godshill, Ventnor, Isle Of Wight, PO38 3JL£285,000£275,000-£10,00013 Sep 202325 Oct 2024408 Days
74 Gills Cliff Road, Ventnor, Isle Of Wight, PO38 1AD£350,000£326,000-£24,00020 Mar 202424 Oct 2024218 Days
4b, Worsley Road, Godshill, Ventnor, Isle Of Wight, PO38 3HT£160,000£130,000-£30,00018 Nov 202217 Oct 2024699 Days
113 Leeson Road, Bonchurch, Ventnor, Isle Of Wight, PO38 1PU£185,000£185,000£0024 Jun 202408 Oct 2024106 Days
The Inch, Newport Road, Niton, Ventnor, Isle Of Wight, PO38 2DG£675,000£625,000-£50,00009 Nov 202230 Sep 2024691 Days
18 Coombe Park, Wroxall, Ventnor, Isle Of Wight, PO38 3PH£330,000£295,000-£35,00011 Apr 202403 Sep 2024145 Days
16 Moor View, Godshill, Ventnor, Isle Of Wight, PO38 3LL£265,000£265,000£0011 Apr 202427 Aug 2024138 Days
Bridleway House, Ashknowle Lane, Whitwell, Ventnor, Isle Of Wight, PO38 2PP£645,000£640,000-£5,00001 Mar 202419 Aug 2024171 Days
Patterdale, Town Lane, Chale Green, Ventnor, Isle Of Wight, PO38 2JS£530,000£525,000-£5,00015 Sep 202316 Aug 2024336 Days
Mallory, St Johns Road, Wroxall, Ventnor, Isle Of Wight, PO38 3EF£235,000£225,000-£10,00020 Mar 202430 Jul 2024132 Days
The Chapel House, St Johns Road, Wroxall, Ventnor, Isle Of Wight, PO38 3EE£220,000£218,000-£2,00004 Mar 202429 Jul 2024147 Days
51a, Albert Street, Ventnor, Isle Of Wight, PO38 1EU£175,000£170,000-£5,00019 Mar 202429 Jul 2024132 Days
Cedar Glen, Ventnor Road, Niton Undercliff, Ventnor, Isle Of Wight, PO38 2LY£460,000£445,000-£15,00027 Mar 202426 Jul 2024121 Days
20a, West Street, Wroxall, Ventnor, Isle Of Wight, PO38 3BU£129,950£125,000-£4,95016 Mar 202419 Jul 2024125 Days
2 Undercliff Gardens, Ventnor, Isle Of Wight, PO38 1UB£405,000£400,000-£5,00006 Dec 202303 Jul 2024210 Days
10 St Catherines View, Godshill, Ventnor, Isle Of Wight, PO38 3JJ£345,000£345,000£0009 Aug 202303 Jul 2024329 Days
8 Altofts Gardens, Ventnor, Isle Of Wight, PO38 1DT£495,000£485,000-£10,00023 Oct 202324 Jun 2024245 Days
14 Bannock Road, Whitwell, Ventnor, Isle Of Wight, PO38 2RD£425,000£365,000-£60,00021 Feb 202304 Jun 2024469 Days
3 Stenbury View, Wroxall, Ventnor, Isle Of Wight, PO38 3DB£259,950£250,000-£9,95014 Mar 202410 May 202457 Days

Most Expensive Streets in PO38 (Ventnor)

PostcodeStreetAreaAverageNo. of Sales
PO38 3JYBagwich Lane, GodshillVentnor£1,126,6663
PO38 1RNShore RoadVentnor£1,063,1663
PO38 1XROld Park RoadVentnor£1,006,6663
PO38 3JRSheepwash Lane, GodshillVentnor£808,3333
PO38 1RGBonchurch Village RoadVentnor£726,8633
PO38 1RQBonchurch Village RoadVentnor£716,6663
PO38 2NQSandrock Road, Niton UndercliffVentnor£675,0005
PO38 2PPAshknowle Lane, WhitwellVentnor£636,8754
PO38 2LYVentnor Road, Niton UndercliffVentnor£602,0003
PO38 1UHSteephill Court RoadVentnor£580,8336

Least Expensive Streets in PO38 (Ventnor)

PostcodeStreetAreaAverageNo. of Sales
PO38 1DUMitchell AvenueVentnor£90,0003
PO38 1RPWestfield BungalowsVentnor£128,8336
PO38 1LUHigh StreetVentnor£141,7504
PO38 1EEAlexandra GardensVentnor£143,0003
PO38 1ASCornwall RoadVentnor£144,1663
PO38 1NLTrinity RoadVentnor£144,5509
PO38 1DSMitchell AvenueVentnor£145,0003
PO38 1EUAlbert StreetVentnor£147,4005
PO38 1JUMelbourne, Alma RoadVentnor£148,6053
PO38 1LTHigh StreetVentnor£150,1666

Explore PO38 (Ventnor) using map

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