PO31 7LU is a residential postcode situated on Park Road, Cowes, PO31 with 6 addresses.
It ranks as the 95th largest and 22nd most expensive of the 444 postcodes in the PO31 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 6 properties: 6 flats.
PO31 7LU is a residential postcode situated on Park Road, Cowes, PO31 with 6 addresses.
It ranks as the 95th largest and 22nd most expensive of the 444 postcodes in the PO31 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 6 properties: 6 flats.
Sale prices range from £144,440 for 2 bedroom leasehold flats (473 ft2) to £175,818 for 2 bedroom leasehold flats (738 ft2) .
Monthly rental prices range from £962 pcm for 2 bed flats to £1,038 pcm for 2 bed flats.
The gross rental yield is between 7.1% and 8.0%.
The average value per square foot is £291.
The last sale in PO31 7LU sold for £149,950 on 17th June 2022. Since then prices are down an average of 1.2%.
The current average value in the postcode is £153,635.
The PO31 7LU Sales Market has increased by 25.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.4% | £153,635 |
| April 2025 | 0.9% | £157,421 |
| April 2024 | 1.4% | £155,976 |
| April 2023 | 1% | £153,895 |
| April 2022 | 11.9% | £152,346 |
| April 2021 | 7.2% | £136,204 |
| April 2020 | 3.6% | £127,076 |
| April 2019 | -0.7% | £122,611 |
| April 2018 | -1.8% | £123,461 |
| April 2017 | 2.9% | £125,731 |
| April 2016 | 0.5% | £122,169 |
| April 2015 | 3.7% | £121,573 |
| April 2014 | 0.6% | £117,243 |
| April 2013 | -3.2% | £116,547 |
| April 2012 | 5.3% | £120,449 |
| April 2011 | -3.8% | £114,388 |
| April 2010 | 4.9% | £118,927 |
| April 2009 | -9.7% | £113,342 |
| April 2008 | 1.3% | £125,560 |
| April 2007 | 0% | £123,920 |
The current average rental value in the postcode is £989.
The PO31 7LU Rental Market has increased by 33.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.4% | £989pcm |
| April 2025 | 1.3% | £965pcm |
| April 2024 | 6.4% | £953pcm |
| April 2023 | 6.2% | £896pcm |
| April 2022 | 8% | £843pcm |
| April 2021 | 4.8% | £781pcm |
| April 2020 | 1.2% | £745pcm |
| April 2019 | 1.7% | £737pcm |
| April 2018 | 1% | £724pcm |
| April 2017 | -3% | £718pcm |
| April 2016 | 2.6% | £739pcm |
| April 2015 | 2.6% | £720pcm |
| April 2014 | -0.1% | £702pcm |
| April 2013 | 2% | £703pcm |
| April 2012 | 1% | £689pcm |
| April 2011 | -0.5% | £682pcm |
| April 2010 | -0.7% | £686pcm |
| April 2009 | -7.7% | £691pcm |
| April 2008 | 5.2% | £748pcm |
| April 2007 | 0% | £711pcm |
The last sale was on 17th June 2022 for £149,950 and since then the market in the area has decreased by 1.2%. The postcode has had a total of 10 sales since 1995.
PO31 7LU has seen no sales in the last three years and no sales in the last twelve months.
PO31 7LU is the 95th largest and the 22nd most expensive postcode out of the 444 postcodes in the PO31 area.
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The closest station to PO31 7LU is Ryde Pier Head station which is 10.3 kilometres away.
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