Key indicators for buyers
The PO34 market is moderately favourable for buyers. Prices have softened (-3.1%), 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
2025averages · 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 £457,456 with a 25% deposit (£114k), a 2-year fixed mortgage at 3.97% costs around £1,805 per month.
Monthly cost comparison based on current data
Uses PO34 avg. price with Isle of Wight rental data
Monthly mortgage payments (£1,805) are £875 more than renting (£930). However, buying requires an upfront deposit of £114k — it would take around 46 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
26, CAWS AVENUE, NETTLESTONE PO34 5JT | Detached | £495,000 | 17 Dec 2025 |
OWLS, STEYNE ROAD PO34 5EW | Semi-detached | £295,000 | 5 Dec 2025 |
APARTMENT 1, SPRINGFIELD COURT, SPRINGVALE ROAD PO34 5AT | Flat/Maisonette | £440,000 | 21 Nov 2025 |
38, HORESTONE RISE PO34 5DB | Detached | £475,000 | 12 Nov 2025 |
60, SALTERNS BEACH BUNGALOWS PO34 5AJ | Semi-detached | £127,000 | 12 Nov 2025 |
KASHMIR, RYDE ROAD PO34 5AD | Semi-detached | £815,000 | 29 Oct 2025 |
OLD FORT INN & WARDROOM RESTAURANT, ESPLANADE PO34 5HB |
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 PO34 sold for £457,456 in 2025, with a median of £415,000 across 43 transactions. Prices fell 3.1% compared to the previous year.
| Other |
| £875,000 |
| 23 Oct 2025 |
30, ORCHARD ROAD PO34 5JN | Detached | £362,500 | 16 Oct 2025 |
SPITHEAD HOUSE, SEAVIEW LANE PO34 5DG | Detached | £1,000,000 | 10 Oct 2025 |
5, SANDPIPERS PO34 5EJ | Terraced | £415,000 | 10 Oct 2025 |
7, MATTHEWS WAY PO34 5LB | Detached | £505,000 | 19 Sept 2025 |
25, CAWS AVENUE, NETTLESTONE PO34 5JU | Detached | £420,000 | 16 Sept 2025 |
38, ORCHARD ROAD PO34 5JJ | Detached | £350,000 | 3 Sept 2025 |
18, SOLENT VIEW ROAD PO34 5HY | Detached | £525,000 | 26 Aug 2025 |
GREEN RIDGES, PRIORY DRIVE PO34 5EA | Detached | £525,000 | 31 Jul 2025 |
PATRIA, SEAGROVE MANOR ROAD PO34 5HW | Detached | £555,000 | 30 Jul 2025 |
2, CAMBRIDGE COTTAGES, NETTLESTONE HILL PO34 5DR | Semi-detached | £325,000 | 17 Jul 2025 |
5, HIGH SALTERNS PO34 5AS | Flat/Maisonette | £150,000 | 17 Jul 2025 |
2, ORCHARD ROAD PO34 5JB | Detached | £295,000 | 11 Jul 2025 |
36, HORESTONE DRIVE PO34 5DD | Semi-detached | £585,000 | 11 Jul 2025 |
The most recent recorded sale in PO34 was a detached property on Caws Avenue for £495,000 in December 2025. Across the last 20 sales, the median price was £475,000.