PO31 7EE is a residential postcode situated on Mill Hill Road, Cowes, PO31 with 6 addresses.
It ranks as the 87th largest and 395th most expensive of the 444 postcodes in the PO31 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 6 properties: 4 houses and 2 flats.
PO31 7EE is a residential postcode situated on Mill Hill Road, Cowes, PO31 with 6 addresses.
It ranks as the 87th largest and 395th most expensive of the 444 postcodes in the PO31 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 6 properties: 4 houses and 2 flats.
Sale prices range from £221,486 for 3 bedroom leasehold flats with a garden (893 ft2) to £652,038 for 4 bedroom freehold houses with a garden (1,593 ft2) .
Monthly rental prices range from £1,121 pcm for 3 bed flats to £2,145 pcm for 4 bed houses.
The gross rental yield is between 3.9% and 6.1%.
The average value per square foot is £410.
The last sale in PO31 7EE sold for £247,000 on 24th May 2024. Since then prices are down an average of 0.7%.
The current average value in the postcode is £475,164.
The PO31 7EE Sales Market has increased by 33.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.7% | £475,164 |
| April 2025 | 1.5% | £483,382 |
| April 2024 | 1.3% | £476,189 |
| April 2023 | 1.3% | £470,254 |
| April 2022 | 13.5% | £464,192 |
| April 2021 | 8.5% | £409,101 |
| April 2020 | 3.5% | £377,130 |
| April 2019 | -0.3% | £364,268 |
| April 2018 | -1.4% | £365,464 |
| April 2017 | 4.1% | £370,473 |
| April 2016 | 1.1% | £355,870 |
| April 2015 | 3.8% | £352,010 |
| April 2014 | 0.6% | £339,027 |
| April 2013 | -2.6% | £337,079 |
| April 2012 | 7.1% | £346,147 |
| April 2011 | -3.2% | £323,100 |
| April 2010 | 5.3% | £333,750 |
| April 2009 | -9.1% | £316,890 |
| April 2008 | 2.2% | £348,732 |
| April 2007 | 0% | £341,284 |
The current average rental value in the postcode is £1,707.
The PO31 7EE Rental Market has increased by 41.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.1% | £1,707pcm |
| April 2025 | 2% | £1,656pcm |
| April 2024 | 6% | £1,624pcm |
| April 2023 | 6.6% | £1,532pcm |
| April 2022 | 9% | £1,436pcm |
| April 2021 | 6.1% | £1,317pcm |
| April 2020 | 0.9% | £1,242pcm |
| April 2019 | 2.1% | £1,231pcm |
| April 2018 | 1.8% | £1,205pcm |
| April 2017 | -2.1% | £1,184pcm |
| April 2016 | 3.4% | £1,210pcm |
| April 2015 | 3% | £1,169pcm |
| April 2014 | -0.1% | £1,135pcm |
| April 2013 | 2.6% | £1,137pcm |
| April 2012 | 2.2% | £1,107pcm |
| April 2011 | 0.5% | £1,084pcm |
| April 2010 | -0.5% | £1,079pcm |
| April 2009 | -7.2% | £1,084pcm |
| April 2008 | 5.7% | £1,169pcm |
| April 2007 | 0% | £1,105pcm |
The last sale was on 24th May 2024 for £247,000 and since then the market in the area has decreased by 0.7%. The postcode has had a total of 10 sales since 1995.
PO31 7EE has seen 1 sale in the last three years and no sales in the last twelve months.
PO31 7EE is the 87th largest and the 395th most expensive postcode out of the 444 postcodes in the PO31 area.
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The closest station to PO31 7EE is Ryde Pier Head station which is 9.9 kilometres away.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around PO31 7EE, 38.9% of property is privately rented and 38.3% is privately owned outright.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around PO31 7EE, 9.5% of residents are recorded as possessing school level qualifications and 51.2% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around PO31 7EE, the average age was 43.2 and the most common age was 52.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around PO31 7EE, 0.4% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around PO31 7EE, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.