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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 2LBHouse Prices / South East, Isle of Wight, Gladices Lane
Last updated May 2026
Key Postcode Insights
PO38 2LB is a residential postcode situated on Gladices Lane, Chale Green, Ventnor, PO38 with 2 addresses.
It ranks as the 55th largest and 575th 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 2 properties: 2 houses.
2
Properties
- Houses
Key Postcode Insights
PO38 2LB is a residential postcode situated on Gladices Lane, Chale Green, Ventnor, PO38 with 2 addresses.
It ranks as the 55th largest and 575th 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 2 properties: 2 houses.
2
Properties
- Houses
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House Pricesin PO38 2LB
Sale prices range from £697,666 for 4 bedroom freehold houses with a garden (1,851 ft2) to £1,163,449 for 5 bedroom freehold houses with a garden (4,434 ft2) .
Monthly rental prices range from £1,800 pcm for 4 bed houses to £3,083 pcm for 5 bed houses.
The gross rental yield is between 3.1% and 3.2%.
The average value per square foot is £320.
Average Sale Value
£930,558
Average Rental Value
£2,442 pcm
Average Rental Yield
3.1% /year
Average Value Per Sqft
£320 /ft2
Sales Market Trendsin PO38 2LB
The last sale in PO38 2LB sold for £139,000 on 19th February 1997. Since then prices are down an average of 0.0%.
The current average value in the postcode is £930,558.
The PO38 2LB Sales Market has increased by 37.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -5.3% | £930,558 |
| April 2025 | 1.7% | £983,023 |
| April 2024 | -8.1% | £966,351 |
| April 2023 | 5.9% | £1,051,821 |
| April 2022 | 9.6% | £993,077 |
| April 2021 | 10.9% | £906,405 |
| April 2020 | 6% | £817,219 |
| April 2019 | 6.3% | £770,644 |
| April 2018 | 2.7% | £724,644 |
| April 2017 | 4% | £705,507 |
| April 2016 | 5.3% | £678,412 |
| April 2015 | 2.1% | £644,133 |
| April 2014 | 5.5% | £630,808 |
| April 2013 | -2.2% | £598,175 |
| April 2012 | -0.3% | £611,890 |
| April 2011 | -0.1% | £613,497 |
| April 2010 | 5.7% | £614,355 |
| April 2009 | -9% | £581,471 |
| April 2008 | 2.2% | £639,214 |
| April 2007 | 0% | £625,452 |
Rental Market Trendsin PO38 2LB
The current average rental value in the postcode is £2,442.
The PO38 2LB Rental Market has increased by 56.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.8% | £2,442pcm |
| April 2025 | 3.5% | £2,352pcm |
| April 2024 | 6.8% | £2,272pcm |
| April 2023 | 8% | £2,128pcm |
| April 2022 | 11.6% | £1,970pcm |
| April 2021 | 6.6% | £1,765pcm |
| April 2020 | 1.8% | £1,655pcm |
| April 2019 | 2.5% | £1,626pcm |
| April 2018 | 0.6% | £1,587pcm |
| April 2017 | 1% | £1,578pcm |
| April 2016 | 6.5% | £1,562pcm |
| April 2015 | 3.5% | £1,466pcm |
| April 2014 | 4.9% | £1,416pcm |
| April 2013 | 4.7% | £1,350pcm |
| April 2012 | 0.8% | £1,289pcm |
| April 2011 | 5.7% | £1,280pcm |
| April 2010 | 4.3% | £1,210pcm |
| April 2009 | -1.9% | £1,161pcm |
| April 2008 | 5.2% | £1,183pcm |
| April 2007 | 0% | £1,124pcm |
Explore Propertiesin PO38 2LB, Gladices Lane, Chale Green, Ventnor, PO38
Sales Historyin PO38 2LB
The last sale was on 19th February 1997 for £139,000 and since then the market in the area has remained stable. The postcode has had a total of 2 sales since 1995.
PO38 2LB has seen no sales in the last three years and no sales in the last twelve months.
Nearby Postcodesto PO38 2LB
PO38 2LB is the 55th largest and the 575th most expensive postcode out of the 577 postcodes in the PO38 area.
- 473 mPO38 2HT, The Glebe, Chale Green, Ventnor, PO38PO38 2HT8 Addresses
- 473 mPO38 2JP, East View Lane, Chale Green, Ventnor, PO38PO38 2JP4 Addresses
- 477 mPO38 2JX, Town Lane, Chale Green, Ventnor, PO38PO38 2JX5 Addresses
- 508 mPO38 2JJ, Withers Road, Chale Green, Ventnor, PO38PO38 2JJ4 Addresses
- 510 mPO38 2LA, Corve, Chale Green, Ventnor, PO38PO38 2LA4 Addresses
- 517 mPO38 2HZ, Spanners Close, Chale Green, Ventnor, PO38PO38 2HZ26 Addresses
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Property Typesin PO38 2LB
- 1 period house built between 1800 and 1911
- 1 modern house built after 1980
- period house (1)
- modern house (1)
Energy Efficiencyof properties in PO38 2LB
- Energy Performance Certificate (EPC) surveys conducted for 2 properties.
- The dominant rating is B.
- A (0)
- E (0)
- B (1)
- F (1)
- C (0)
- G (0)
- D (0)
- No EPC (0)
Schools Nearbyto PO38 2LB
The nearest primary school to PO38 2LB is Niton Primary School which is 4.3 kilometres away.
- 4.3kmNiton Primary School
- 5.3kmGodshill Primary School
- 5.8kmBrighstone Church of England Aided Primary School
The nearest secondary school is The Island Free School which is 7.7 kilometres away.
- 7.7kmThe Island Free School
- 8.8kmChrist The King College
- 9.1kmCarisbrooke College
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Public Transport Nearbyto PO38 2LB
The closest station to PO38 2LB is Shanklin station which is 10.5 kilometres away.
- 10.5kmShanklin
- 11.7kmLake
- 12.4kmSandown
- 14.9kmBrading
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