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Registered Address: 2 Leman St, London E1 8FA
PO38 2AXHouse Prices / South East, Isle of Wight, Rectory Lane
Last updated May 2026
Key Postcode Insights
PO38 2AX is a residential postcode situated on Rectory Lane, Niton, Ventnor, PO38 with 5 addresses.
It ranks as the 173rd largest and 464th most expensive of the 577 postcodes in the PO38 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 5 properties: 5 houses.
5
Properties
- Houses
Key Postcode Insights
PO38 2AX is a residential postcode situated on Rectory Lane, Niton, Ventnor, PO38 with 5 addresses.
It ranks as the 173rd largest and 464th most expensive of the 577 postcodes in the PO38 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 5 properties: 5 houses.
5
Properties
- Houses
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House Pricesin PO38 2AX
Sale prices range from £333,075 for 3 bedroom freehold houses with a garden (947 ft2) to £530,204 for 5 bedroom freehold houses with a garden (2,152 ft2) .
Monthly rental prices range from £1,433 pcm for 3 bed houses to £2,028 pcm for 5 bed houses.
The gross rental yield is between 4.2% and 5.2%.
The average value per square foot is £264.
Average Sale Value
£425,406
Average Rental Value
£1,648 pcm
Average Rental Yield
4.6% /year
Average Value Per Sqft
£264 /ft2
Sales Market Trendsin PO38 2AX
The last sale in PO38 2AX sold for £450,000 on 25th January 2021. Since then prices are up an average of 2.7%.
The current average value in the postcode is £425,406.
The PO38 2AX Sales Market has increased by 36.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -5.7% | £425,406 |
| April 2025 | 2.1% | £450,994 |
| April 2024 | -9.3% | £441,503 |
| April 2023 | 6.8% | £486,600 |
| April 2022 | 8.5% | £455,796 |
| April 2021 | 10.9% | £420,020 |
| April 2020 | 6.8% | £378,576 |
| April 2019 | 6.9% | £354,564 |
| April 2018 | 3.1% | £331,562 |
| April 2017 | 3.5% | £321,580 |
| April 2016 | 5.6% | £310,819 |
| April 2015 | 2.6% | £294,207 |
| April 2014 | 5.7% | £286,625 |
| April 2013 | -3.8% | £271,119 |
| April 2012 | -0.8% | £281,810 |
| April 2011 | -0.1% | £283,996 |
| April 2010 | 6.6% | £284,250 |
| April 2009 | -9.2% | £266,577 |
| April 2008 | 2.1% | £293,551 |
| April 2007 | 0% | £287,441 |
Rental Market Trendsin PO38 2AX
The current average rental value in the postcode is £1,648.
The PO38 2AX Rental Market has increased by 55.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4% | £1,648pcm |
| April 2025 | 3.9% | £1,585pcm |
| April 2024 | 6.7% | £1,525pcm |
| April 2023 | 8.2% | £1,429pcm |
| April 2022 | 11.6% | £1,320pcm |
| April 2021 | 6% | £1,183pcm |
| April 2020 | 1.7% | £1,115pcm |
| April 2019 | 2.5% | £1,097pcm |
| April 2018 | 0.4% | £1,070pcm |
| April 2017 | 0.8% | £1,066pcm |
| April 2016 | 7% | £1,057pcm |
| April 2015 | 3.8% | £989pcm |
| April 2014 | 5.5% | £952pcm |
| April 2013 | 4% | £903pcm |
| April 2012 | 0.1% | £868pcm |
| April 2011 | 6.4% | £867pcm |
| April 2010 | 4.9% | £815pcm |
| April 2009 | -1.7% | £776pcm |
| April 2008 | 4.7% | £790pcm |
| April 2007 | 0% | £754pcm |
Explore Propertiesin PO38 2AX, Rectory Lane, Niton, Ventnor, PO38
Sales Historyin PO38 2AX
The last sale was on 25th January 2021 for £450,000 and since then the market in the area has increased by 2.7%. The postcode has had a total of 7 sales since 1995.
PO38 2AX has seen no sales in the last three years and no sales in the last twelve months.
Sold Jan 2021£450,000 | 4 Bed HouseRectory LaneBrook Lodge, Rectory Lane, Ventnor, PO38 2AX
Sold May 2012£365,000 | 4 Bed HouseRectory LaneBrook Lodge, Rectory Lane, Ventnor, PO38 2AX
Sold May 2003£225,000 | 3 Bed HouseRectory LaneRectory Cottage, Rectory Lane, Ventnor, PO38 2AX
Sold Nov 2002£250,000 | 4 Bed HouseRectory LaneBrook Lodge, Rectory Lane, Ventnor, PO38 2AX
Sold Dec 1998£125,000 | 4 Bed HouseRectory Lane1 Larkrise Cottage, Rectory Lane, Ventnor, PO38 2AX
Sold Sep 1998£123,000 | 4 Bed HouseRectory LaneBrook Lodge, Rectory Lane, Ventnor, PO38 2AX
Sold Sep 1995£56,500 | 4 Bed HouseRectory Lane1 Larkrise Cottage, Rectory Lane, Ventnor, PO38 2AX
Nearby Postcodesto PO38 2AX
PO38 2AX is the 173rd largest and the 464th most expensive postcode out of the 577 postcodes in the PO38 area.
- 54 mPO38 2AY, Puckwell Lane, Niton, Ventnor, PO38PO38 2AY1 Addresses
- 75 mPO38 2AU, Rectory Road, Niton, Ventnor, PO38PO38 2AU21 Addresses
- 100 mPO38 2DP, Rectory Road, Niton, Ventnor, PO38PO38 2DP5 Addresses
- 104 mPO38 2DL, Rectory Road, Niton, Ventnor, PO38PO38 2DL4 Addresses
- 123 mPO38 2AZ, High Street, Niton, Ventnor, PO38PO38 2AZ23 Addresses
- 124 mPO38 2ED, Town End, Niton, Ventnor, PO38PO38 2ED4 Addresses
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Property Typesin PO38 2AX
- 1 period house built between 1800 and 1911
- 1 mid-century house built between 1936 and 1979
- 3 other addresses of unknown type
- period house (1)
- mid-century house (1)
- Unknown (3)
Energy Efficiencyof properties in PO38 2AX
- Energy Performance Certificate (EPC) surveys conducted for 2 properties.
- The dominant rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (2)
- No EPC (3)
Top 3 Most Expensive Saleson Rectory Lane
Schools Nearbyto PO38 2AX
The nearest primary school to PO38 2AX is Niton Primary School which is 192 metres away.
- 192mNiton Primary School
- 4.6kmSt Francis Catholic and Church of England Primary Academy
- 5.4kmWroxall Primary School
The nearest secondary school is The Island Free School which is 4.7 kilometres away.
- 4.7kmThe Island Free School
- 12.0kmChrist The King College
- 12.3kmCarisbrooke College
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Public Transport Nearbyto PO38 2AX
The closest station to PO38 2AX is Shanklin station which is 8.9 kilometres away.
- 8.9kmShanklin
- 10.5kmLake
- 11.4kmSandown
- 14.3kmBrading
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