PO38 2LR is a residential postcode situated on Chine Lane, Atherfield, Ventnor, PO38 with 4 addresses.
It ranks as the 142nd largest and 138th most expensive of the 576 postcodes in the PO38 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 4 properties: 4 houses.
PO38 2LR is a residential postcode situated on Chine Lane, Atherfield, Ventnor, PO38 with 4 addresses.
It ranks as the 142nd largest and 138th most expensive of the 576 postcodes in the PO38 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 4 properties: 4 houses.
Sale prices range from £193,707 for 3 bedroom freehold houses with a garden (871 ft2) to £283,499 for 4 bedroom freehold houses with a garden (1,797 ft2) .
Monthly rental prices range from £1,134 pcm for 3 bed houses to £1,402 pcm for 4 bed houses.
The gross rental yield is between 5.9% and 7.0%.
The average value per square foot is £198.
The current average value in the postcode is £228,809.
The PO38 2LR Sales Market has increased by 36.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -4.3% | £228,809 |
| May 2025 | 2.2% | £239,085 |
| May 2024 | -6.3% | £234,004 |
| May 2023 | 2.3% | £249,630 |
| May 2022 | 13.2% | £244,004 |
| May 2021 | 9.7% | £215,642 |
| May 2020 | 5.4% | £196,497 |
| May 2019 | 5.6% | £186,468 |
| May 2018 | 1.7% | £176,575 |
| May 2017 | 3.6% | £173,593 |
| May 2016 | 5.9% | £167,526 |
| May 2015 | 1.8% | £158,241 |
| May 2014 | 3.7% | £155,494 |
| May 2013 | -3.3% | £149,985 |
| May 2012 | 0.4% | £155,100 |
| May 2011 | -0.9% | £154,407 |
| May 2010 | 7.3% | £155,872 |
| May 2009 | -9.2% | £145,208 |
| May 2008 | 0.6% | £159,944 |
| May 2007 | 0% | £158,977 |
The current average rental value in the postcode is £1,217.
The PO38 2LR Rental Market has increased by 55.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.9% | £1,217pcm |
| May 2025 | 4.2% | £1,171pcm |
| May 2024 | 6% | £1,124pcm |
| May 2023 | 8.2% | £1,061pcm |
| May 2022 | 11.2% | £980pcm |
| May 2021 | 7.6% | £882pcm |
| May 2020 | 1% | £819pcm |
| May 2019 | 2.7% | £811pcm |
| May 2018 | 1.2% | £790pcm |
| May 2017 | 0% | £781pcm |
| May 2016 | 6.4% | £781pcm |
| May 2015 | 3.9% | £733pcm |
| May 2014 | 3.5% | £706pcm |
| May 2013 | 1.6% | £682pcm |
| May 2012 | 0.4% | £671pcm |
| May 2011 | 5.7% | £668pcm |
| May 2010 | 7.2% | £632pcm |
| May 2009 | -3.2% | £590pcm |
| May 2008 | 4.3% | £610pcm |
| May 2007 | 0% | £584pcm |
PO38 2LR is the 142nd largest and the 138th most expensive postcode out of the 576 postcodes in the PO38 area.
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The closest station to PO38 2LR is Shanklin station which is 13.3 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around PO38 2LR, 58.7% of property is privately owned outright and 22.0% is privately rented.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around PO38 2LR, 5.6% of residents are recorded as possessing school level qualifications and 42.3% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around PO38 2LR, the average age was 51.6 and the most common age was 67.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around PO38 2LR, 0.8% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around PO38 2LR, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.