Park Avenue - PO38 1LE
Key Postcode Insights
PO38 1LE is a residential postcode situated on Park Avenue, Ventnor, PO38 with 23 addresses.
It ranks as the 484th largest and 122nd most expensive of the 576 postcodes in the PO38 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 23 properties: 7 houses and 16 flats.
- Ave. Sale Price
- £253,544
- 10 Year change
- up 24.4%
- Ave. Rental Price
- £1,280pcm
- 10 Year change
- up 40.8%
- Ave. £ per ft²
- £251/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Key Postcode Insights
PO38 1LE is a residential postcode situated on Park Avenue, Ventnor, PO38 with 23 addresses.
It ranks as the 484th largest and 122nd most expensive of the 576 postcodes in the PO38 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 23 properties: 7 houses and 16 flats.
- Ave. Sale Price
- £253,544
- 10 Year change
- up 24.4%
- Ave. Rental Price
- £1,280pcm
- 10 Year change
- up 40.8%
- Ave. £ per ft²
- £251/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Explore Propertiesin PO38 1LE
- Allandale
Building  |  3 Flats
- Flat
4 Bed Period Flat
- Brook House
House
- Candlelight Cottage
House
- Castle Way
House
Sales Market Trends
The last sale in PO38 1LE sold for £855,000 on 25th April 2023. Since then prices are down an average of 11.4%.
The current average value in the postcode is £253,544.
The PO38 1LE Sales Market has increased by 24.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -4.8% | £253,544 |
| June 2025 | 1.4% | £266,356 |
| June 2024 | -7.7% | £262,722 |
| June 2023 | 1.8% | £284,528 |
| June 2022 | 7.7% | £279,482 |
| June 2021 | 7.7% | £259,496 |
| June 2020 | 9.9% | £240,929 |
| June 2019 | 6.4% | £219,184 |
| June 2018 | 1.3% | £206,007 |
| June 2017 | -0.3% | £203,330 |
| June 2016 | 6.8% | £203,873 |
| June 2015 | 3.6% | £190,805 |
| June 2014 | 2.3% | £184,145 |
| June 2013 | -5% | £179,930 |
| June 2012 | -0.9% | £189,324 |
| June 2011 | -2.7% | £191,125 |
| June 2010 | 9% | £196,523 |
| June 2009 | -7% | £180,223 |
| June 2008 | -0.8% | £193,773 |
| June 2007 | 0% | £195,273 |
Rental Market Trends
The current average rental value in the postcode is £1,280.
The PO38 1LE Rental Market has increased by 40.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.6% | £1,280pcm |
| June 2025 | 2.4% | £1,248pcm |
| June 2024 | 8.2% | £1,219pcm |
| June 2023 | 7.8% | £1,126pcm |
| June 2022 | 8.6% | £1,045pcm |
| June 2021 | 5.1% | £963pcm |
| June 2020 | 1.1% | £916pcm |
| June 2019 | 2.3% | £906pcm |
| June 2018 | 0.2% | £886pcm |
| June 2017 | -2.8% | £884pcm |
| June 2016 | 5.1% | £909pcm |
| June 2015 | 4.6% | £865pcm |
| June 2014 | 5.3% | £827pcm |
| June 2013 | 1.6% | £785pcm |
| June 2012 | -1.2% | £773pcm |
| June 2011 | 5.8% | £782pcm |
| June 2010 | 7.7% | £740pcm |
| June 2009 | -2.2% | £687pcm |
| June 2008 | 3.9% | £702pcm |
| June 2007 | 0% | £676pcm |
Sales History
The last sale was on 25th April 2023 for £855,000 and since then the market in the area has decreased by 11.4%. The postcode has had a total of 26 sales since 1995.
PO38 1LE has seen 2 sales in the last three years and no sales in the last twelve months.
- Sold Apr 2023£855,000 | 5 Bed HouseDaulston, Park Avenue, Ventnor, PO38 1LEDaulston, Park Avenue, Ventnor, PO38 1LE
- Sold Mar 2023£195,000 | 2 Bed Flat1 Fernleigh Apartments, Park Avenue, Ventnor, PO38 1LE1 Fernleigh Apartments, Park Avenue, Ventnor, PO38 1LE
- Sold Dec 2022£195,000 | 2 Bed Flat12 Fernleigh Apartments, Park Avenue, Ventnor, PO38 1LE12 Fernleigh Apartments, Park Avenue, Ventnor, PO38 1LE
- Sold May 2022£225,000 | 3 Bed Flat4 Fernleigh Apartments, Park Avenue, Ventnor, PO38 1LE4 Fernleigh Apartments, Park Avenue, Ventnor, PO38 1LE
- Sold Dec 2019£510,000 | 5 Bed HouseDaulston, Park Avenue, Ventnor, PO38 1LEDaulston, Park Avenue, Ventnor, PO38 1LE
Nearby Postcodes
PO38 1LE is the 484th largest and the 122nd most expensive postcode out of the 576 postcodes in the PO38 area.
- PO38 1LH, Gills Cliff Road, Ventnor, PO38PO38 1LH34 Addresses|152 m away
- PO38 1LG, Castle Road, Wroxall, Ventnor, PO38PO38 1LG29 Addresses|156 m away
- PO38 1LD, Park Avenue, Ventnor, PO38PO38 1LD8 Addresses|171 m away
- PO38 1LF, Park Avenue, Ventnor, PO38PO38 1LF8 Addresses|177 m away
- PO38 1DF, St. Albans Gardens, Ventnor, PO38PO38 1DF14 Addresses|231 m away
Property Types
- 4 period flats built between 1800 and 1911
- 12 modern flats built after 1980
- 1 house of an unknown age
- 6 other addresses of unknown type
- period flat (4)
- modern flat (12)
- house (1)
- Unknown (6)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 14 properties.
- The most common rating is C.
- A (0)
- E (4)
- B (2)
- F (0)
- C (5)
- G (0)
- D (3)
- No EPC (9)
Top 3 Most Expensive Sales
- Sold Apr 2023£855,000 | 5 Bed HouseDaulston, Park Avenue, Ventnor, PO38 1LEDaulston, Park Avenue, Ventnor, PO38 1LE
- Sold Dec 2018£790,000 | 3 Bed HouseClarence House, Park Avenue, Ventnor, PO38 1LEClarence House, Park Avenue, Ventnor, PO38 1LE
- Sold Dec 2015£670,000 | 5 Bed HouseMelville Lodge, Park Avenue, Ventnor, PO38 1LDMelville Lodge, Park Avenue, Ventnor, PO38 1LD
Schools Nearby
- St Francis Catholic and Church of England Primary Academy800 m away
- Wroxall Primary School2.6 km away
- St Blasius Shanklin CofE Primary Academy4.7 km away
- The Island Free School800 m away
- Christ The King College13.1 km away
- Carisbrooke College13.5 km away
More reading links
Public Transport Nearby
The closest station to PO38 1LE is Shanklin station, which is 5.2 kilometres away.
- Shanklin|5.2 km away
- Lake|6.9 km away
- Sandown|8.0 km away
- Brading|10.9 km away
