The Grove - PO38 1TB
Key Postcode Insights
PO38 1TB is a residential postcode situated on The Grove, Ventnor, PO38 with 7 addresses.
It ranks as the 235th largest and 235th most expensive of the 576 postcodes in the PO38 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 7 properties: 5 houses, 1 flat and 1 other property.
- Ave. Sale Price
- £311,829
- 10 Year change
- up 31.3%
- Ave. Rental Price
- £1,512pcm
- 10 Year change
- up 48.6%
- Ave. £ per ft²
- £399/ft²
- Ave. Gross Yield
- 5.8%/year/yr
Key Postcode Insights
PO38 1TB is a residential postcode situated on The Grove, Ventnor, PO38 with 7 addresses.
It ranks as the 235th largest and 235th most expensive of the 576 postcodes in the PO38 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 7 properties: 5 houses, 1 flat and 1 other property.
- Ave. Sale Price
- £311,829
- 10 Year change
- up 31.3%
- Ave. Rental Price
- £1,512pcm
- 10 Year change
- up 48.6%
- Ave. £ per ft²
- £399/ft²
- Ave. Gross Yield
- 5.8%/year/yr
Explore Properties in PO38 1TB
- Mostyn
House
- Orchard Cottage
3 Bed Period House
- St. Catherines House
5 Bed Period House
- The Lodge
3 Bed Period House
- Waters Way
2 Bed Period Flat
Sales Market Trends
The last sale in PO38 1TB sold for £582,000 on 15th August 2024. Since then prices are down an average of 2.4%.
The current average value in the postcode is £311,829.
The PO38 1TB Sales Market has increased by 31.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -4.1% | £311,829 |
| June 2025 | 2% | £325,233 |
| June 2024 | -8.2% | £318,748 |
| June 2023 | 1.7% | £347,074 |
| June 2022 | 9.7% | £341,131 |
| June 2021 | 8.1% | £311,051 |
| June 2020 | 10.3% | £287,848 |
| June 2019 | 6.5% | £260,869 |
| June 2018 | 2.7% | £245,057 |
| June 2017 | 0.5% | £238,642 |
| June 2016 | 7.4% | £237,531 |
| June 2015 | 3.5% | £221,123 |
| June 2014 | 3% | £213,674 |
| June 2013 | -5.3% | £207,466 |
| June 2012 | -0.9% | £219,020 |
| June 2011 | -2.3% | £220,978 |
| June 2010 | 8.4% | £226,283 |
| June 2009 | -7.5% | £208,794 |
| June 2008 | -1.5% | £225,803 |
| June 2007 | 0% | £229,216 |
Rental Market Trends
The current average rental value in the postcode is £1,512.
The PO38 1TB Rental Market has increased by 48.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.3% | £1,512pcm |
| June 2025 | 3% | £1,463pcm |
| June 2024 | 7.6% | £1,420pcm |
| June 2023 | 7.7% | £1,320pcm |
| June 2022 | 10.5% | £1,226pcm |
| June 2021 | 5.5% | £1,109pcm |
| June 2020 | 1.5% | £1,051pcm |
| June 2019 | 2.3% | £1,035pcm |
| June 2018 | 1.6% | £1,012pcm |
| June 2017 | -2.1% | £996pcm |
| June 2016 | 5.7% | £1,017pcm |
| June 2015 | 4.5% | £963pcm |
| June 2014 | 6% | £921pcm |
| June 2013 | 1.3% | £870pcm |
| June 2012 | -1.1% | £859pcm |
| June 2011 | 6.2% | £869pcm |
| June 2010 | 7.1% | £818pcm |
| June 2009 | -2.7% | £764pcm |
| June 2008 | 3.1% | £786pcm |
| June 2007 | 0% | £762pcm |
Sales History
The last recorded sale was on 15th August 2024 for £582,000 and since then the market in the area has decreased by 2.4%.
PO38 1TB has had 3 sales since 1995, with 1 in the last three years and none in the last twelve months.
- Sold Aug 2024£582,000 | 5 Bed HouseSt. Catherines House, The Grove, Ventnor, PO38 1TBSt. Catherines House, The Grove, Ventnor, PO38 1TB
- Sold Jul 2022£305,000 | 3 Bed HouseThe Lodge, The Grove, Ventnor, PO38 1TBThe Lodge, The Grove, Ventnor, PO38 1TB
- Sold Jun 2016£480,000 | 5 Bed HouseSt. Catherines House, The Grove, Ventnor, PO38 1TBSt. Catherines House, The Grove, Ventnor, PO38 1TB
Nearby Postcodes
PO38 1TB is the 235th largest and the 235th most expensive postcode out of the 576 postcodes in the PO38 area.
- PO38 1TD, The Grove, Ventnor, PO38PO38 1TD3 Addresses|62 m away
- PO38 1BT, Alpine Road, Ventnor, PO38PO38 1BT27 Addresses|73 m away
- PO38 1DB, Bellevue Road, Ventnor, PO38PO38 1DB25 Addresses|90 m away
- PO38 1TE, Marlborough Road, Ventnor, PO38PO38 1TE13 Addresses|105 m away
- PO38 1JD, Belgrave Road, Ventnor, PO38PO38 1JD12 Addresses|117 m away
Property Types
- 3 period houses built between 1800 and 1911
- 1 period flat built between 1800 and 1911
- 2 modern houses built after 1980
- 1 other address of unknown type
- period house (3)
- period flat (1)
- modern house (2)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 6 properties.
- The most common rating is C.
- A (0)
- E (3)
- B (0)
- F (0)
- C (3)
- G (0)
- D (0)
- No EPC (1)
Top 3 Most Expensive Sales
- Sold Aug 2024£582,000 | 5 Bed HouseSt. Catherines House, The Grove, Ventnor, PO38 1TBSt. Catherines House, The Grove, Ventnor, PO38 1TB
- Sold Jun 2016£480,000 | 5 Bed HouseSt. Catherines House, The Grove, Ventnor, PO38 1TBSt. Catherines House, The Grove, Ventnor, PO38 1TB
- Sold Aug 2006£405,000 | 5 Bed HouseSt. Catherines House, The Grove, Ventnor, PO38 1TBSt. Catherines House, The Grove, Ventnor, PO38 1TB
Schools Nearby
- St Francis Catholic and Church of England Primary Academy1.0 km away
- Wroxall Primary School2.5 km away
- St Blasius Shanklin CofE Primary Academy4.2 km away
- The Island Free School900 m away
- Christ The King College13.1 km away
- Carisbrooke College13.6 km away
More reading links
Public Transport Nearby
The closest station to PO38 1TB is Shanklin station, which is 4.8 kilometres away.
- Shanklin|4.8 km away
- Lake|6.4 km away
- Sandown|7.6 km away
- Brading|10.5 km away
