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Bricks&Logic is a trading name of Urban Markets Ltd
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
PO38 1TBHouse Prices / South East, Isle of Wight, The Grove
Last updated May 2026
Key Postcode Insights
PO38 1TB is a residential postcode situated on The Grove, Ventnor, PO38 with 7 addresses.
It ranks as the 236th largest and 236th most expensive of the 577 postcodes in the PO38 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 7 properties: 6 houses and 1 flat.
7
Properties
- Houses
- Flats
Key Postcode Insights
PO38 1TB is a residential postcode situated on The Grove, Ventnor, PO38 with 7 addresses.
It ranks as the 236th largest and 236th most expensive of the 577 postcodes in the PO38 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 7 properties: 6 houses and 1 flat.
7
Properties
- Houses
- Flats
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House Pricesin PO38 1TB
Sale prices range from £185,138 for 2 bedroom Leasehold flats with a garden (796 ft2) to £554,683 for 5 bedroom freehold houses with a garden (2,357 ft2) .
Monthly rental prices range from £941 pcm for 2 bed flats to £2,141 pcm for 5 bed houses.
The gross rental yield is between 4.6% and 6.1%.
The average value per square foot is £396.
Average Sale Value
£308,327
Average Rental Value
£1,381 pcm
Average Rental Yield
5.4% /year
Average Value Per Sqft
£396 /ft2
Sales Market Trendsin PO38 1TB
The last sale in PO38 1TB sold for £582,000 on 15th August 2024. Since then prices are down an average of 3.5%.
The current average value in the postcode is £308,327.
The PO38 1TB Sales Market has increased by 34.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -5% | £308,327 |
| April 2025 | 2.4% | £324,551 |
| April 2024 | -9.4% | £316,958 |
| April 2023 | 6.4% | £349,795 |
| April 2022 | 7.8% | £328,643 |
| April 2021 | 9.6% | £304,923 |
| April 2020 | 7.4% | £278,127 |
| April 2019 | 7.2% | £258,924 |
| April 2018 | 3% | £241,631 |
| April 2017 | 2.3% | £234,660 |
| April 2016 | 5.2% | £229,338 |
| April 2015 | 2.9% | £218,016 |
| April 2014 | 5.5% | £211,777 |
| April 2013 | -5.4% | £200,661 |
| April 2012 | -1.7% | £212,021 |
| April 2011 | -0.9% | £215,629 |
| April 2010 | 6.5% | £217,540 |
| April 2009 | -9.8% | £204,322 |
| April 2008 | 0.8% | £226,416 |
| April 2007 | 0% | £224,652 |
Rental Market Trendsin PO38 1TB
The current average rental value in the postcode is £1,381.
The PO38 1TB Rental Market has increased by 52.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 5% | £1,381pcm |
| April 2025 | 3.9% | £1,315pcm |
| April 2024 | 7.2% | £1,265pcm |
| April 2023 | 7.7% | £1,180pcm |
| April 2022 | 11.2% | £1,096pcm |
| April 2021 | 4.5% | £985pcm |
| April 2020 | 2% | £942pcm |
| April 2019 | 2.4% | £924pcm |
| April 2018 | 0.1% | £903pcm |
| April 2017 | -0.3% | £902pcm |
| April 2016 | 6.5% | £904pcm |
| April 2015 | 3.9% | £849pcm |
| April 2014 | 5.7% | £817pcm |
| April 2013 | 2.9% | £773pcm |
| April 2012 | -1% | £752pcm |
| April 2011 | 6% | £759pcm |
| April 2010 | 4.6% | £716pcm |
| April 2009 | -2.2% | £685pcm |
| April 2008 | 3.2% | £700pcm |
| April 2007 | 0% | £678pcm |
Explore Propertiesin PO38 1TB, The Grove, Ventnor, PO38
- Mostyn, The Grove, Ventnor, PO38 1TB
- Orchard Cottage, The Grove, Ventnor, PO38 1TB3 bed period house
- St. Catherines House, The Grove, Ventnor, PO38 1TB5 bed period house
- The Lodge, The Grove, Ventnor, PO38 1TB3 bed period house
- Waters Way, The Grove, Ventnor, PO38 1TB2 bed period flat
- 1 Edgeley, The Grove, Ventnor, PO38 1TB2 bed modern house
- 2 Edgeley, The Grove, Ventnor, PO38 1TB3 bed modern house
Sales Historyin PO38 1TB
The last sale was on 15th August 2024 for £582,000 and since then the market in the area has decreased by 3.5%. The postcode has had a total of 7 sales since 1995.
PO38 1TB has seen 1 sale in the last three years and no sales in the last twelve months.
Sold Aug 2024£582,000 | 5 Bed HouseThe GroveSt. Catherines House, The Grove, Ventnor, PO38 1TB
Sold Jul 2022£305,000 | 3 Bed HouseThe GroveThe Lodge, The Grove, Ventnor, PO38 1TB
Sold Jun 2016£480,000 | 5 Bed HouseThe GroveSt. Catherines House, The Grove, Ventnor, PO38 1TB
Sold Aug 2006£405,000 | 5 Bed HouseThe GroveSt. Catherines House, The Grove, Ventnor, PO38 1TB
Sold Jun 2005£180,000 | 3 Bed HouseThe GroveThe Lodge, The Grove, Ventnor, PO38 1TB
Sold Oct 2002£180,000 | 5 Bed HouseThe GroveSt. Catherines House, The Grove, Ventnor, PO38 1TB
Sold Sep 1996£46,500 | 3 Bed HouseThe Grove2 Edgeley, The Grove, Ventnor, PO38 1TB
Nearby Postcodesto PO38 1TB
PO38 1TB is the 236th largest and the 236th most expensive postcode out of the 577 postcodes in the PO38 area.
- 62 mPO38 1TD, The Grove, Ventnor, PO38PO38 1TD3 Addresses
- 73 mPO38 1BT, Alpine Road, Ventnor, PO38PO38 1BT27 Addresses
- 90 mPO38 1DB, Bellevue Road, Ventnor, PO38PO38 1DB25 Addresses
- 105 mPO38 1TE, Marlborough Road, Ventnor, PO38PO38 1TE13 Addresses
- 117 mPO38 1JD, Belgrave Road, Ventnor, PO38PO38 1JD12 Addresses
- 120 mPO38 1BU, Alpine Road, Ventnor, PO38PO38 1BU13 Addresses
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Property Typesin PO38 1TB
- 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 Efficiencyof properties in PO38 1TB
- Energy Performance Certificate (EPC) surveys conducted for 6 properties.
- The dominant rating is C.
- A (0)
- E (3)
- B (0)
- F (0)
- C (3)
- G (0)
- D (0)
- No EPC (1)
Top 3 Most Expensive Saleson The Grove
Schools Nearbyto PO38 1TB
The nearest primary school to PO38 1TB is St Francis Catholic and Church of England Primary Academy which is 983 metres away.
- 983mSt Francis Catholic and Church of England Primary Academy
- 2.5kmWroxall Primary School
- 4.2kmSt Blasius Shanklin CofE Primary Academy
The nearest secondary school is The Island Free School which is 867 metres away.
- 867mThe Island Free School
- 13.1kmChrist The King College
- 13.6kmCarisbrooke College
More reading links
Public Transport Nearbyto PO38 1TB
The closest station to PO38 1TB is Shanklin station which is 4.8 kilometres away.
- 4.8kmShanklin
- 6.4kmLake
- 7.6kmSandown
- 10.5kmBrading
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