Key indicators for buyers
The PO38 market is moderately favourable for buyers. Prices have softened (-11.5%), 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 £278,100 with a 25% deposit (£70k), a 2-year fixed mortgage at 3.97% costs around £1,097 per month.
Monthly cost comparison based on current data
Uses PO38 avg. price with Isle of Wight rental data
Monthly mortgage payments (£1,097) are £167 more than renting (£930). However, buying requires an upfront deposit of £70k — it would take around 12 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
9, PRIORY WALK, NITON PO38 2DS | Detached | £438,000 | 27 Jan 2026 |
17, CASTLE COURT PO38 1UE | Detached | £475,000 | 8 Jan 2026 |
45B, ALLOTMENT ROAD, NITON PO38 2DZ | Semi-detached | £165,000 | 8 Jan 2026 |
1, BROOKSIDE CRESCENT, WROXALL PO38 3BB | Semi-detached | £181,500 | 6 Jan 2026 |
FLAT 3, SILVERMERE COURT, ALMA ROAD PO38 1JU | Flat/Maisonette | £131,000 | 5 Jan 2026 |
23, CLARENCE ROAD, WROXALL PO38 3BY | Semi-detached | £315,000 | 18 Dec 2025 |
NITON UNDERCLIFF GARAGE, VENTNOR ROAD, NITON UNDERCLIFF PO38 2LY |
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 PO38 sold for £278,100 in 2026, with a median of £181,500 across 5 transactions. Prices fell 11.5% compared to the previous year.
| Other |
| £175,000 |
| 18 Dec 2025 |
26, MADEIRA ROAD PO38 1QP | Detached | £390,000 | 16 Dec 2025 |
2, STATION ROAD, WROXALL PO38 3BJ | Semi-detached | £217,000 | 16 Dec 2025 |
19, DOWNSIDE PO38 1AL | Terraced | £254,000 | 15 Dec 2025 |
2, THE HAVEN, INSTITUTE HILL, NITON PO38 2BB | Semi-detached | £337,000 | 12 Dec 2025 |
64, YARBOROUGH CLOSE, GODSHILL PO38 3JH | Semi-detached | £230,000 | 12 Dec 2025 |
1, KEEP COTTAGES, CASTLE ROAD PO38 1LG | Semi-detached | £275,000 | 11 Dec 2025 |
20, INGLEWOOD PARK, ST LAWRENCE PO38 1UX | Detached | £575,000 | 10 Dec 2025 |
ST. MARYS LODGE, SPINDLERS ROAD, ST LAWRENCE PO38 1XD | Detached | £680,000 | 10 Dec 2025 |
GRANFERS COTTAGE, SOUTHDOWN LANE, CHALE PO38 2LJ | Detached | £815,000 | 5 Dec 2025 |
82, GILLS CLIFF ROAD PO38 1AD | Detached | £405,000 | 5 Dec 2025 |
13, GLEN APPROACH, NITON PO38 2BL | Semi-detached | £275,000 | 2 Dec 2025 |
1, DOWN LANE PO38 1AH | Semi-detached | £187,500 | 28 Nov 2025 |
GLENHURST, HUNTS ROAD, ST LAWRENCE PO38 1XT | Detached | £174,000 | 28 Nov 2025 |
The most recent recorded sale in PO38 was a detached property on Priory Walk for £438,000 in January 2026. Across the last 20 sales, the median price was £275,000.