Bricks&Logic
PO38 1RP
Madeira Road, Isle of Wight, South East
PO38 1RP

PO38 1RPHouse Prices / South East, Isle of Wight, Madeira Road

Last updated May 2026

Key Postcode Insights

PO38 1RP is a residential postcode situated on Madeira Road, Ventnor, PO38 with 27 addresses.

It ranks as the 508th largest and 8th most expensive of the 577 postcodes in the PO38 area.

The postcode contains a total of 27 properties: 18 houses and 9 flats.

27
Properties
  • Houses
  • Flats

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House Pricesin PO38 1RP

Sale prices range from £77,908 for 2 bedroom leasehold flats (452 ft2) to £149,983 for 3 bedroom leasehold houses with a garden (742 ft2) .

Monthly rental prices range from £611 pcm for 2 bed flats to £894 pcm for 3 bed houses.

The gross rental yield is between 7.2% and 9.4%.

The average value per square foot is £226.

Average Sale Value
£110,570
Average Rental Value
£711 pcm
Average Rental Yield
7.7% /year
Average Value Per Sqft
£226 /ft2
Prices last updated 1st May 2026
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Sales Market Trendsin PO38 1RP

The last sale in PO38 1RP sold for £145,000 on 7th November 2025. Since then prices are down an average of 1.9%.

The current average value in the postcode is £110,570.
The PO38 1RP Sales Market has increased by 31.1% over the last 10 years.

PeriodYear on YearAverage Price
April 2026-5%£110,570
April 20252.5%£116,389
April 2024-9.5%£113,598
April 20236.2%£125,493
April 20227.6%£118,207
April 20219.2%£109,818
April 20206.8%£100,532
April 20197.1%£94,102
April 20182.5%£87,901
April 20171.7%£85,753
April 20165.1%£84,321
April 20153.2%£80,213
April 20145.5%£77,759
April 2013-5.9%£73,702
April 2012-2%£78,342
April 2011-1.1%£79,966
April 20106.4%£80,893
April 2009-10.1%£76,041
April 20080.4%£84,614
April 20070%£84,281
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Rental Market Trendsin PO38 1RP

The current average rental value in the postcode is £711.
The PO38 1RP Rental Market has increased by 49.1% over the last 10 years.

PeriodYear on YearAverage Price
April 20264.9%£711pcm
April 20254.1%£678pcm
April 20247%£651pcm
April 20237.4%£609pcm
April 202211%£567pcm
April 20214.2%£510pcm
April 20201.5%£490pcm
April 20192.4%£483pcm
April 2018-0.3%£471pcm
April 2017-0.8%£473pcm
April 20166.4%£477pcm
April 20154.2%£448pcm
April 20145.5%£430pcm
April 20132.1%£407pcm
April 2012-1.2%£399pcm
April 20115.5%£404pcm
April 20104.6%£383pcm
April 2009-2.6%£366pcm
April 20082.8%£376pcm
April 20070%£366pcm
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Explore Buildingsin PO38 1RP, Madeira Road, Ventnor, PO38

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Sales History
in PO38 1RP

The last sale was on 7th November 2025 for £145,000 and since then the market in the area has decreased by 1.9%. The postcode has had a total of 65 sales since 1995.

PO38 1RP has seen 3 sales in the last three years and 1 sale in the last twelve months.

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Nearby Postcodesto PO38 1RP

PO38 1RP is the 508th largest and the 8th most expensive postcode out of the 577 postcodes in the PO38 area.

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Property Typesin PO38 1RP

  • 27 houses of an unknown age
  • house (27)
Energy Efficiency

Energy Efficiencyof properties in PO38 1RP

  • Energy Performance Certificate (EPC) surveys conducted for 16 properties.
  • The dominant rating is E.
  • A (0)
  • E (6)
  • B (0)
  • F (4)
  • C (0)
  • G (6)
  • D (0)
  • No EPC (11)
properties list title title

Top 3 Most Expensive Saleson Madeira Road

Schools Nearby

Schools Nearbyto PO38 1RP

The nearest primary school to PO38 1RP is St Francis Catholic and Church of England Primary Academy which is 2.0 kilometres away.
  • 2.0
    km
    St Francis Catholic and Church of England Primary Academy
  • 3.0
    km
    Wroxall Primary School
  • 3.7
    km
    St Blasius Shanklin CofE Primary Academy
The nearest secondary school is The Island Free School which is 1.9 kilometres away.
  • 1.9
    km
    The Island Free School
  • 13.7
    km
    Christ The King College
  • 14.1
    km
    Carisbrooke College
More reading links
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Schools and house prices
Source: Ofsted 2026
Public Transport Nearby

Public Transport Nearbyto PO38 1RP

The closest station to PO38 1RP is Shanklin station which is 4.2 kilometres away.

  • 4.2
    km
    Shanklin
  • 5.8
    km
    Lake
  • 7.0
    km
    Sandown
  • 9.8
    km
    Brading
Source: National Rail


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