Key indicators for buyers
The PO31 market is moderately favourable for buyers. Prices have softened (-9.6%), which could present a buying opportunity. Affordability has improved from a peak of 9.9x in 2021 to 9.3x today. Rising rents (£930/mo, +7.9%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Isle of Wight area
A home in Isle of Wight costs 9.3x the local median salary — stretched, improving from a peak of 9.9x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Isle of Wight area
Average monthly rent in Isle of Wight is £930, up 7.9% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Isle of Wight price of £297,333 with a 25% deposit (£74k), a 2-year fixed mortgage at 3.97% costs around £1,173 per month.
Monthly cost comparison based on current data
Uses PO31 avg. price with Isle of Wight rental data
Monthly mortgage payments (£1,173) are £243 more than renting (£930). However, buying requires an upfront deposit of £74k — it would take around 13 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
5, ASH GROVE PO31 7HD | Semi-detached | £260,000 | 23 Jan 2026 |
16, VENNER AVENUE, NORTHWOOD PO31 8AF | Semi-detached | £340,000 | 14 Jan 2026 |
18, PLACE SIDE PO31 7BB | Terraced | £292,000 | 6 Jan 2026 |
18, CHURCHILL ROAD PO31 8HH | Terraced | £300,000 | 19 Dec 2025 |
8, WROXALL CLOSE PO31 8AQ | Terraced | £190,000 | 19 Dec 2025 |
79, FELLOWS ROAD PO31 7JW | Terraced | £165,000 | 18 Dec 2025 |
24, CROSS STREET PO31 7TD | Terraced | £260,000 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in PO31 sold for £297,333 in 2026, with a median of £292,000 across 3 transactions. Prices fell 9.6% compared to the previous year.
| 18 Dec 2025 |
2, ARNOLD ROAD PO31 7HQ | Semi-detached | £261,700 | 18 Dec 2025 |
34, MILTON ROAD PO31 7PX | Terraced | £260,000 | 15 Dec 2025 |
39, ST ANDREWS STREET PO31 7DF | Terraced | £117,000 | 12 Dec 2025 |
2, PALLANCE ROAD, NORTHWOOD PO31 8LN | Semi-detached | £368,000 | 12 Dec 2025 |
9, OSBORNE CHASE PO31 7FA | Semi-detached | £235,000 | 12 Dec 2025 |
67, PALLANCE ROAD, NORTHWOOD PO31 8LP | Detached | £319,000 | 11 Dec 2025 |
16, THE CHANDLERS PO31 7FG | Detached | £472,500 | 10 Dec 2025 |
FLAT 5, VANTAGE POINT, 4A, QUEENS ROAD PO31 8BY | Flat/Maisonette | £960,000 | 9 Dec 2025 |
26, MOORGREEN ROAD PO31 7LH | Detached | £340,000 | 5 Dec 2025 |
FLAT 4, WOODSIDE, 8, WOODSIDE CLOSE PO31 8LR | Flat/Maisonette | £185,000 | 5 Dec 2025 |
FLAT 7, ORCHARD HOUSE, ORCHARD PLACE PO31 7DZ | Flat/Maisonette | £205,000 | 5 Dec 2025 |
26, NODES ROAD, NORTHWOOD PO31 8AB | Detached | £445,000 | 3 Dec 2025 |
194, PARK ROAD PO31 7NE | Terraced | £302,500 | 3 Dec 2025 |
The most recent recorded sale in PO31 was a semi-detached property on Ash Grove for £260,000 in January 2026. Across the last 20 sales, the median price was £292,000.