Pallance Lane - PO31 8LT
Key Postcode Insights
PO31 8LT is a residential postcode situated on Pallance Lane, Cowes, PO31 with 11 addresses.
It ranks as the 290th largest and 513th most expensive of the 688 postcodes in the PO31 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 11 properties: 10 houses and 1 flat.
- Ave. Sale Price
- £389,901
- 10 Year change
- up 32.0%
- Ave. Rental Price
- £1,463pcm
- 10 Year change
- up 49.4%
- Ave. £ per ft²
- £288/ft²
- Ave. Gross Yield
- 4.5%/year/yr
Key Postcode Insights
PO31 8LT is a residential postcode situated on Pallance Lane, Cowes, PO31 with 11 addresses.
It ranks as the 290th largest and 513th most expensive of the 688 postcodes in the PO31 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 11 properties: 10 houses and 1 flat.
- Ave. Sale Price
- £389,901
- 10 Year change
- up 32.0%
- Ave. Rental Price
- £1,463pcm
- 10 Year change
- up 49.4%
- Ave. £ per ft²
- £288/ft²
- Ave. Gross Yield
- 4.5%/year/yr
Explore Propertiesin PO31 8LT
- Cotehill
5 Bed Period House
- Highfield
3 Bed Mid-century House
- Ningwood Villa
Unknown
- Oak Tree Cottage
4 Bed Modern House
- Olive Cottages
Building  |  2 Flats
Sales Market Trends
The last sale in PO31 8LT sold for £562,500 on 4th June 2024. Since then prices are down an average of 2.3%.
The current average value in the postcode is £389,901.
The PO31 8LT Sales Market has increased by 32.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.3% | £389,901 |
| June 2025 | 0.5% | £403,182 |
| June 2024 | 0.5% | £401,190 |
| June 2023 | 1.4% | £399,100 |
| June 2022 | 11.7% | £393,756 |
| June 2021 | 11.6% | £352,487 |
| June 2020 | 2.2% | £315,770 |
| June 2019 | 1.8% | £308,923 |
| June 2018 | -0.3% | £303,373 |
| June 2017 | 3% | £304,217 |
| June 2016 | 3.1% | £295,379 |
| June 2015 | 4.8% | £286,485 |
| June 2014 | 1.4% | £273,452 |
| June 2013 | -3.7% | £269,769 |
| June 2012 | 3.7% | £280,157 |
| June 2011 | -1% | £270,201 |
| June 2010 | 8.5% | £272,970 |
| June 2009 | -8% | £251,494 |
| June 2008 | -1.5% | £273,257 |
| June 2007 | 0% | £277,360 |
Rental Market Trends
The current average rental value in the postcode is £1,463.
The PO31 8LT Rental Market has increased by 49.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.7% | £1,463pcm |
| June 2025 | 3% | £1,425pcm |
| June 2024 | 4.5% | £1,383pcm |
| June 2023 | 7.7% | £1,324pcm |
| June 2022 | 10.2% | £1,229pcm |
| June 2021 | 8.5% | £1,116pcm |
| June 2020 | 0.5% | £1,029pcm |
| June 2019 | 3.3% | £1,023pcm |
| June 2018 | 2.5% | £991pcm |
| June 2017 | -1.3% | £967pcm |
| June 2016 | 3.4% | £979pcm |
| June 2015 | 2.8% | £947pcm |
| June 2014 | 0.4% | £922pcm |
| June 2013 | 1.4% | £918pcm |
| June 2012 | 3.3% | £906pcm |
| June 2011 | 0.3% | £877pcm |
| June 2010 | 5.3% | £875pcm |
| June 2009 | -7.5% | £831pcm |
| June 2008 | 3.2% | £898pcm |
| June 2007 | 0% | £870pcm |
Sales History
The last sale was on 4th June 2024 for £562,500 and since then the market in the area has decreased by 2.3%. The postcode has had a total of 13 sales since 1995.
PO31 8LT has seen 2 sales in the last three years and no sales in the last twelve months.
- Sold Jun 2024£562,500 | 4 Bed HousePear Tree Cottage, Pallance Lane, Cowes, PO31 8LTPear Tree Cottage, Pallance Lane, Cowes, PO31 8LT
- Sold Nov 2023£350,000 | 3 Bed HouseHighfield, Pallance Lane, Cowes, PO31 8LTHighfield, Pallance Lane, Cowes, PO31 8LT
- Sold Mar 2021£400,000 | 4 Bed HouseRose Cottage, Pallance Lane, Cowes, PO31 8LTRose Cottage, Pallance Lane, Cowes, PO31 8LT
- Sold Jan 2010£277,500 | 3 Bed HouseHighfield, Pallance Lane, Cowes, PO31 8LTHighfield, Pallance Lane, Cowes, PO31 8LT
- Sold Jul 2009£250,000 | 3 Bed HouseRobin Hill, Pallance Lane, Cowes, PO31 8LTRobin Hill, Pallance Lane, Cowes, PO31 8LT
Nearby Postcodes
PO31 8LT is the 290th largest and the 513th most expensive postcode out of the 688 postcodes in the PO31 area.
- PO31 8LS, Pallance Road, Cowes, PO31PO31 8LS48 Addresses|211 m away
- PO31 8LX, Pallance Road, Cowes, PO31PO31 8LX2 Addresses|308 m away
- PO31 8LU, Pallance Lane, Cowes, PO31PO31 8LU5 Addresses|433 m away
- PO31 8LR, Woodside Close, Cowes, PO31PO31 8LR12 Addresses|463 m away
- PO31 8LP, Pallance Road, Cowes, PO31PO31 8LP32 Addresses|578 m away
Property Types
- 3 period houses built between 1800 and 1911
- 1 modern house built after 1980
- 1 mid-century house built between 1936 and 1979
- 1 house of an unknown age
- 5 other addresses of unknown type
- period house (3)
- modern house (1)
- mid-century house (1)
- house (1)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 5 properties.
- The most common rating is D.
- A (1)
- E (0)
- B (0)
- F (1)
- C (0)
- G (0)
- D (3)
- No EPC (6)
Top 3 Most Expensive Sales
- Sold Jun 2024£562,500 | 4 Bed HousePear Tree Cottage, Pallance Lane, Cowes, PO31 8LTPear Tree Cottage, Pallance Lane, Cowes, PO31 8LT
- Sold Mar 2021£400,000 | 4 Bed HouseRose Cottage, Pallance Lane, Cowes, PO31 8LTRose Cottage, Pallance Lane, Cowes, PO31 8LT
- Sold Nov 2023£350,000 | 3 Bed HouseHighfield, Pallance Lane, Cowes, PO31 8LTHighfield, Pallance Lane, Cowes, PO31 8LT
Schools Nearby
- Northwood Primary School900 m away
- Lanesend Primary School2.1 km away
- Gurnard Primary School2.5 km away
- Cowes Enterprise College, An Ormiston Academy3.0 km away
- Medina College4.3 km away
- Carisbrooke College4.8 km away
More reading links
Public Transport Nearby
The closest station to PO31 8LT is Ryde Pier Head station, which is 11.7 kilometres away.
- Ryde Pier Head|11.7 km away
- Ryde Esplanade|11.7 km away
- Ryde Hoverport|11.8 km away
- Ryde St Johns Road|12.0 km away
