PO31 7TR is a residential postcode situated on Market Hill, Cowes, PO31 with 14 addresses.
It ranks as the 232nd largest and 374th 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 14 properties: 14 houses.
PO31 7TR is a residential postcode situated on Market Hill, Cowes, PO31 with 14 addresses.
It ranks as the 232nd largest and 374th 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 14 properties: 14 houses.
Sale prices range from £289,803 for 3 bedroom freehold houses with a garden (796 ft2) to £786,578 for 5 bedroom freehold houses with a garden (2,938 ft2) .
Monthly rental prices range from £1,356 pcm for 3 bed houses to £2,658 pcm for 5 bed houses.
The gross rental yield is between 3.9% and 5.6%.
The average value per square foot is £348.
The last sale in PO31 7TR sold for £650,000 on 25th October 2024. Since then prices are down an average of 2.9%.
The current average value in the postcode is £506,494.
The PO31 7TR Sales Market has increased by 44.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.7% | £506,494 |
| April 2025 | 2.4% | £515,326 |
| April 2024 | 0.3% | £503,305 |
| April 2023 | 1.8% | £501,997 |
| April 2022 | 15.4% | £492,982 |
| April 2021 | 10.9% | £427,120 |
| April 2020 | 3.4% | £384,968 |
| April 2019 | 0.1% | £372,252 |
| April 2018 | 0.4% | £371,880 |
| April 2017 | 5.4% | £370,548 |
| April 2016 | 1.8% | £351,691 |
| April 2015 | 4.6% | £345,574 |
| April 2014 | 0.3% | £330,513 |
| April 2013 | 0% | £329,429 |
| April 2012 | 6.9% | £329,590 |
| April 2011 | -1.3% | £308,277 |
| April 2010 | 5.5% | £312,356 |
| April 2009 | -9.2% | £295,970 |
| April 2008 | 1.6% | £325,932 |
| April 2007 | 0% | £320,787 |
The current average rental value in the postcode is £1,789.
The PO31 7TR Rental Market has increased by 53.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.2% | £1,789pcm |
| April 2025 | 2.8% | £1,734pcm |
| April 2024 | 5.2% | £1,687pcm |
| April 2023 | 7.1% | £1,604pcm |
| April 2022 | 11.5% | £1,498pcm |
| April 2021 | 8.5% | £1,344pcm |
| April 2020 | 0.9% | £1,239pcm |
| April 2019 | 2.5% | £1,227pcm |
| April 2018 | 3.2% | £1,198pcm |
| April 2017 | -0.7% | £1,161pcm |
| April 2016 | 4% | £1,168pcm |
| April 2015 | 3.5% | £1,124pcm |
| April 2014 | -0.4% | £1,086pcm |
| April 2013 | 5.3% | £1,090pcm |
| April 2012 | 2.6% | £1,035pcm |
| April 2011 | 2.1% | £1,009pcm |
| April 2010 | -0.2% | £988pcm |
| April 2009 | -7.1% | £990pcm |
| April 2008 | 5.5% | £1,066pcm |
| April 2007 | 0% | £1,010pcm |
The last sale was on 25th October 2024 for £650,000 and since then the market in the area has decreased by 2.9%. The postcode has had a total of 22 sales since 1995.
PO31 7TR has seen 3 sales in the last three years and no sales in the last twelve months.
PO31 7TR is the 232nd largest and the 374th most expensive postcode out of the 444 postcodes in the PO31 area.
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The closest station to PO31 7TR is Ryde Pier Head station which is 10.2 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 7TR, 44.3% of property is privately owned outright and 31.2% is privately rented.
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 7TR, 4.5% of residents are recorded as possessing school level qualifications and 47.6% 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 7TR, 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 7TR, 4.9% 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 7TR, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.