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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
PO38 2JEHouse Prices / South East, Isle of Wight, Military Road
Last updated May 2026
Key Postcode Insights
PO38 2JE is a residential postcode situated on Military Road, Chale, Ventnor, PO38 with 5 addresses.
It ranks as the 178th largest and 538th most expensive of the 577 postcodes in the PO38 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 5 properties: 4 houses and 1 flat.
5
Properties
- Houses
- Flats
Key Postcode Insights
PO38 2JE is a residential postcode situated on Military Road, Chale, Ventnor, PO38 with 5 addresses.
It ranks as the 178th largest and 538th most expensive of the 577 postcodes in the PO38 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 5 properties: 4 houses and 1 flat.
5
Properties
- Houses
- Flats
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House Pricesin PO38 2JE
Sale prices range from £267,085 for 3 bedroom Leasehold flats (973 ft2) to £820,683 for 5 bedroom freehold houses with a garden (2,970 ft2) .
Monthly rental prices range from £1,045 pcm for 3 bed flats to £2,175 pcm for 5 bed houses.
The gross rental yield is between 3.1% and 4.7%.
The average value per square foot is £315.
Average Sale Value
£554,083
Average Rental Value
£1,562 pcm
Average Rental Yield
3.4% /year
Average Value Per Sqft
£315 /ft2
Sales Market Trendsin PO38 2JE
The last sale in PO38 2JE sold for £925,000 on 11th November 2022. Since then prices are down an average of 10.7%.
The current average value in the postcode is £554,083.
The PO38 2JE Sales Market has increased by 31.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -5.4% | £554,083 |
| April 2025 | 1.8% | £585,684 |
| April 2024 | -8.1% | £575,223 |
| April 2023 | 5.6% | £625,612 |
| April 2022 | 8.7% | £592,414 |
| April 2021 | 10% | £544,857 |
| April 2020 | 5.6% | £495,257 |
| April 2019 | 6.3% | £468,830 |
| April 2018 | 2% | £441,027 |
| April 2017 | 2.9% | £432,413 |
| April 2016 | 5.4% | £420,132 |
| April 2015 | 2.3% | £398,611 |
| April 2014 | 5.2% | £389,801 |
| April 2013 | -3% | £370,612 |
| April 2012 | -1% | £382,183 |
| April 2011 | -0.5% | £386,108 |
| April 2010 | 5.4% | £388,037 |
| April 2009 | -9.2% | £368,291 |
| April 2008 | 1.5% | £405,507 |
| April 2007 | 0% | £399,558 |
Rental Market Trendsin PO38 2JE
The current average rental value in the postcode is £1,562.
The PO38 2JE Rental Market has increased by 50.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.7% | £1,562pcm |
| April 2025 | 3.6% | £1,506pcm |
| April 2024 | 6.8% | £1,453pcm |
| April 2023 | 7.7% | £1,360pcm |
| April 2022 | 10.7% | £1,263pcm |
| April 2021 | 5.8% | £1,140pcm |
| April 2020 | 1.4% | £1,078pcm |
| April 2019 | 2.4% | £1,063pcm |
| April 2018 | -0.1% | £1,038pcm |
| April 2017 | 0% | £1,039pcm |
| April 2016 | 6.6% | £1,040pcm |
| April 2015 | 3.7% | £975pcm |
| April 2014 | 4.6% | £940pcm |
| April 2013 | 3.9% | £899pcm |
| April 2012 | 0% | £865pcm |
| April 2011 | 5.3% | £865pcm |
| April 2010 | 4% | £822pcm |
| April 2009 | -2% | £790pcm |
| April 2008 | 4.5% | £806pcm |
| April 2007 | 0% | £772pcm |
Properties and Buildingsin PO38 2JE, Military Road, Chale, Ventnor, PO38
Sales Historyin PO38 2JE
The last sale was on 11th November 2022 for £925,000 and since then the market in the area has decreased by 10.7%. The postcode has had a total of 1 sales since 1995.
PO38 2JE has seen no sales in the last three years and no sales in the last twelve months.
Nearby Postcodesto PO38 2JE
PO38 2JE is the 178th largest and the 538th most expensive postcode out of the 577 postcodes in the PO38 area.
- 284 mPO38 2LJ, Southdown Lane, Chale, Ventnor, PO38PO38 2LJ14 Addresses
- 658 mPO38 2LD, Westside Lane, Chale, Ventnor, PO38PO38 2LD3 Addresses
- 710 mPO38 2HR, Hoy Close, Chale, Ventnor, PO38PO38 2HR4 Addresses
- 765 mPO38 2HF, Chale Street, Chale, Ventnor, PO38PO38 2HF16 Addresses
- 769 mPO38 2JF, Military Road, Chale, Ventnor, PO38PO38 2JF1 Addresses
- 773 mPO38 2HE, Chale Street, Chale, Ventnor, PO38PO38 2HE6 Addresses
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Property Typesin PO38 2JE
- 1 period house built between 1800 and 1911
- 1 modern house built after 1980
- 3 other addresses of unknown type
- period house (1)
- modern house (1)
- Unknown (3)
Energy Efficiencyof properties in PO38 2JE
- Energy Performance Certificate (EPC) surveys conducted for 3 properties.
- The dominant rating is A.
- A (1)
- E (1)
- B (0)
- F (0)
- C (0)
- G (0)
- D (1)
- No EPC (2)
Top 3 Most Expensive Saleson Military Road
Schools Nearbyto PO38 2JE
The nearest primary school to PO38 2JE is Niton Primary School which is 3.5 kilometres away.
- 3.5kmNiton Primary School
- 6.4kmGodshill Primary School
- 6.6kmBrighstone Church of England Aided Primary School
The nearest secondary school is The Island Free School which is 7.8 kilometres away.
- 7.8kmThe Island Free School
- 10.5kmChrist The King College
- 10.7kmCarisbrooke College
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Public Transport Nearbyto PO38 2JE
The closest station to PO38 2JE is Shanklin station which is 11.1 kilometres away.
- 11.1kmShanklin
- 12.5kmLake
- 13.3kmSandown
- 15.9kmBrading
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