PO31 8PY is a residential postcode situated on Wyatts Lane, Cowes, PO31 with 17 addresses.
It ranks as the 272nd largest and 288th most expensive of the 444 postcodes in the PO31 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 17 properties: 17 houses.
PO31 8PY is a residential postcode situated on Wyatts Lane, Cowes, PO31 with 17 addresses.
It ranks as the 272nd largest and 288th most expensive of the 444 postcodes in the PO31 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 17 properties: 17 houses.
Sale prices range from £252,272 for 2 bedroom freehold houses with a garden (516 ft2) to £411,461 for 4 bedroom freehold houses with a garden (1,270 ft2) .
Monthly rental prices range from £1,057 pcm for 2 bed houses to £1,518 pcm for 4 bed houses.
The gross rental yield is between 4.4% and 5.1%.
The average value per square foot is £355.
The last sale in PO31 8PY sold for £295,000 on 12th August 2021. Since then prices are up an average of 11.4%.
The current average value in the postcode is £354,466.
The PO31 8PY Sales Market has increased by 42.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.4% | £354,466 |
| April 2025 | 2.8% | £359,324 |
| April 2024 | -0.8% | £349,381 |
| April 2023 | 2.6% | £352,062 |
| April 2022 | 13.9% | £343,299 |
| April 2021 | 10.5% | £301,362 |
| April 2020 | 2.9% | £272,630 |
| April 2019 | 0.5% | £265,071 |
| April 2018 | 1.5% | £263,622 |
| April 2017 | 4.5% | £259,835 |
| April 2016 | 2.7% | £248,563 |
| April 2015 | 5.2% | £242,102 |
| April 2014 | 1.3% | £230,094 |
| April 2013 | -1% | £227,229 |
| April 2012 | 4.7% | £229,603 |
| April 2011 | -0.7% | £219,255 |
| April 2010 | 5.5% | £220,779 |
| April 2009 | -10.4% | £209,212 |
| April 2008 | 0.6% | £233,413 |
| April 2007 | 0% | £231,924 |
The current average rental value in the postcode is £1,386.
The PO31 8PY Rental Market has increased by 54.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.9% | £1,386pcm |
| April 2025 | 2.9% | £1,334pcm |
| April 2024 | 5% | £1,297pcm |
| April 2023 | 7.5% | £1,234pcm |
| April 2022 | 11.5% | £1,149pcm |
| April 2021 | 8.2% | £1,030pcm |
| April 2020 | 0.7% | £952pcm |
| April 2019 | 2.6% | £945pcm |
| April 2018 | 3.3% | £921pcm |
| April 2017 | -0.6% | £892pcm |
| April 2016 | 4.3% | £898pcm |
| April 2015 | 3.7% | £860pcm |
| April 2014 | 0.3% | £830pcm |
| April 2013 | 4.3% | £828pcm |
| April 2012 | 2.4% | £794pcm |
| April 2011 | 1.7% | £776pcm |
| April 2010 | 0.4% | £762pcm |
| April 2009 | -7.7% | £760pcm |
| April 2008 | 5.3% | £824pcm |
| April 2007 | 0% | £782pcm |
The last sale was on 12th August 2021 for £295,000 and since then the market in the area has increased by 11.4%. The postcode has had a total of 11 sales since 1995.
PO31 8PY has seen no sales in the last three years and no sales in the last twelve months.
PO31 8PY is the 272nd largest and the 288th most expensive postcode out of the 444 postcodes in the PO31 area.
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The closest station to PO31 8PY is Ryde Pier Head station which is 10.8 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 8PY, 56.6% of property is privately owned outright and 31.0% is privately owned with a mortgage.
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 8PY, 11.9% of residents are recorded as possessing school level qualifications and 27.8% 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 8PY, the average age was 45.9 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 8PY, 0.0% 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 8PY, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.