Key indicators for buyers
The PO40 market is moderately favourable for buyers. Prices have softened (-10.7%), 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 £275,000 with a 25% deposit (£69k), a 2-year fixed mortgage at 3.97% costs around £1,085 per month.
Monthly cost comparison based on current data
Uses PO40 avg. price with Isle of Wight rental data
Monthly mortgage payments (£1,085) are £155 more than renting (£930). However, buying requires an upfront deposit of £69k — 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 |
|---|---|---|---|
92, COLLARDS CLOSE PO40 9JW | Other | £245,000 | 16 Jan 2026 |
ST MICHEL, MADEIRA LANE PO40 9SP | Semi-detached | £305,000 | 9 Jan 2026 |
VICTORIA COTTAGE, NORTON GREEN PO40 9RU | Other | £750,000 | 18 Dec 2025 |
10, DOLPHIN COURT, SILCOMBE LANE PO40 9BE | Flat/Maisonette | £112,000 | 17 Dec 2025 |
63, EDINBURGH ROAD PO40 9DL | Terraced | £210,000 | 12 Dec 2025 |
THE MOORINGS, COLWELL CLOSE PO40 9NA | Detached | £355,000 | 8 Dec 2025 |
2A, ST ANDREWS WAY PO40 9NH | Other |
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 PO40 sold for £275,000 in 2026, with a median of £275,000 across 2 transactions. Prices fell 10.7% compared to the previous year.
| £5,000 |
| 8 Dec 2025 |
WESTBYNOR, COLWELL LANE PO40 9LX | Detached | £495,000 | 4 Dec 2025 |
10, JUBILEE CLOSE PO40 9JF | Semi-detached | £180,000 | 28 Nov 2025 |
4, GUYERS ROAD PO40 9PZ | Semi-detached | £337,000 | 28 Nov 2025 |
59, GOLDEN RIDGE PO40 9LF | Detached | £400,000 | 26 Nov 2025 |
11, OLD SCHOOL CLOSE PO40 9FT | Detached | £332,000 | 20 Nov 2025 |
3, LOCKSLEY CLOSE PO40 9PG | Semi-detached | £350,000 | 20 Nov 2025 |
179, BRAMBLES CHINE PO40 9SY | Semi-detached | £70,000 | 14 Nov 2025 |
SHEEPWASH FARMHOUSE, MIDDLETON PO40 9NX | Other | £785,000 | 12 Nov 2025 |
LANGDALE, VICTORIA ROAD PO40 9PP | Detached | £400,000 | 4 Nov 2025 |
4, WINDSOR DRIVE PO40 9GB | Detached | £470,000 | 21 Oct 2025 |
19, BOUND ROAD PO40 9NL | Detached | £349,950 | 13 Oct 2025 |
WEST AFTON, WILMINGHAM LANE PO40 9UG | Detached | £750,000 | 10 Oct 2025 |
FLAT 5, HAZELHURST, GATE LANE PO40 9RD | Flat/Maisonette | £182,000 | 9 Oct 2025 |
The most recent recorded sale in PO40 was a other property on Collards Close for £245,000 in January 2026. Across the last 20 sales, the median price was £349,950.