PO38 1NZ is a residential postcode situated on South Street, Ventnor, PO38 with 9 addresses.
It ranks as the 292nd largest and 6th most expensive of the 577 postcodes in the PO38 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 9 properties: 2 houses and 7 flats.
PO38 1NZ is a residential postcode situated on South Street, Ventnor, PO38 with 9 addresses.
It ranks as the 292nd largest and 6th most expensive of the 577 postcodes in the PO38 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 9 properties: 2 houses and 7 flats.
Sale prices range from £102,033 for 2 bedroom leasehold flats (452 ft2) to £324,981 for 3 bedroom freehold houses with a garden (985 ft2) .
Monthly rental prices range from £771 pcm for 2 bed flats to £1,416 pcm for 3 bed houses.
The gross rental yield is between 5.2% and 9.1%.
The average value per square foot is £223.
The last sale in PO38 1NZ sold for £110,000 on 9th January 2026. Since then prices are down an average of 0.3%.
The current average value in the postcode is £157,351.
The PO38 1NZ Sales Market has increased by 25.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -5.7% | £157,351 |
| April 2025 | 2% | £166,923 |
| April 2024 | -8.9% | £163,625 |
| April 2023 | 5.8% | £179,514 |
| April 2022 | 6% | £169,663 |
| April 2021 | 8.4% | £160,060 |
| April 2020 | 7.3% | £147,618 |
| April 2019 | 6.8% | £137,538 |
| April 2018 | 1.5% | £128,734 |
| April 2017 | 0.9% | £126,866 |
| April 2016 | 4.6% | £125,673 |
| April 2015 | 2.7% | £120,153 |
| April 2014 | 5.3% | £116,998 |
| April 2013 | -6.4% | £111,133 |
| April 2012 | -2.5% | £118,769 |
| April 2011 | -1.5% | £121,770 |
| April 2010 | 5.8% | £123,683 |
| April 2009 | -9.9% | £116,853 |
| April 2008 | 0% | £129,632 |
| April 2007 | 0% | £129,593 |
The current average rental value in the postcode is £948.
The PO38 1NZ Rental Market has increased by 42.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.2% | £948pcm |
| April 2025 | 3.6% | £910pcm |
| April 2024 | 7.9% | £879pcm |
| April 2023 | 7.1% | £815pcm |
| April 2022 | 9.4% | £761pcm |
| April 2021 | 3.4% | £696pcm |
| April 2020 | 1.9% | £673pcm |
| April 2019 | 2.1% | £661pcm |
| April 2018 | -1.3% | £647pcm |
| April 2017 | -1.6% | £656pcm |
| April 2016 | 5.9% | £667pcm |
| April 2015 | 3.6% | £630pcm |
| April 2014 | 5.4% | £608pcm |
| April 2013 | 1.7% | £577pcm |
| April 2012 | -1.8% | £567pcm |
| April 2011 | 5.2% | £577pcm |
| April 2010 | 4% | £548pcm |
| April 2009 | -2.3% | £527pcm |
| April 2008 | 2.5% | £540pcm |
| April 2007 | 0% | £527pcm |
The last sale was on 9th January 2026 for £110,000 and since then the market in the area has decreased by 0.3%. The postcode has had a total of 22 sales since 1995.
PO38 1NZ has seen 1 sale in the last three years and 1 sale in the last twelve months.
PO38 1NZ is the 292nd largest and the 6th most expensive postcode out of the 577 postcodes in the PO38 area.
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The closest station to PO38 1NZ is Shanklin station which is 4.4 kilometres away.
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