PO38 2LW

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PO38 2LWHouse Prices / South East, Isle of Wight, Military Road

Last updated Jun 2026

Key Postcode Insights

PO38 2LW is a residential postcode situated on Military Road, Atherfield, Ventnor, PO38 with 7 addresses.

It ranks as the 242nd largest and 97th most expensive of the 576 postcodes in the PO38 area.

The postcode contains a total of 7 properties: 4 houses and 3 flats.

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Key Postcode Insights

PO38 2LW is a residential postcode situated on Military Road, Atherfield, Ventnor, PO38 with 7 addresses.

It ranks as the 242nd largest and 97th most expensive of the 576 postcodes in the PO38 area.

The postcode contains a total of 7 properties: 4 houses and 3 flats.

Properties

Houses
Flats

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House Pricesin PO38 2LW

Sale prices range from £185,000 for 3 bedroom freehold houses with a garden (871 ft²) to £395,708 for 4 bedroom Leasehold flats (1,499 ft²) .

Monthly rental prices range from £1,078 pcm for 3 bed houses to £2,100 pcm for 4 bed flats.

The gross rental yield is between 6.4% and 7.0%.

The average value per square foot is £209.

Average Sale Value

£224,747

Average Rental Value

£1,236 pcm

Average Rental Yield

6.6% /year

Average Value Per Sqft

£209 /ft²

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Prices last updated 1st June 2026

Sales Market Trendsin PO38 2LW

The last sale in PO38 2LW sold for £180,000 on 22nd July 2024. Since then prices are down an average of 2.6%.

The current average value in the postcode is £224,747.
The PO38 2LW Sales Market has increased by 25.9% over the last 10 years.

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Period	Year on Year	Average Price
May 2026	-3.7%	£224,747
May 2025	1.1%	£233,477
May 2024	-4.6%	£230,876
May 2023	1.1%	£242,002
May 2022	12%	£239,303
May 2021	7.2%	£213,591
May 2020	4%	£199,336
May 2019	4.5%	£191,614
May 2018	0.6%	£183,372
May 2017	2.1%	£182,253
May 2016	4.2%	£178,540
May 2015	2.2%	£171,300
May 2014	3.9%	£167,676
May 2013	-2.1%	£161,319
May 2012	0.2%	£164,796
May 2011	-2.7%	£164,527
May 2010	5.5%	£169,053
May 2009	-10.7%	£160,290
May 2008	0.2%	£179,573
May 2007	0%	£179,146

Rental Market Trendsin PO38 2LW

The current average rental value in the postcode is £1,236.
The PO38 2LW Rental Market has increased by 44.3% over the last 10 years.

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Period	Year on Year	Average Price
May 2026	4.1%	£1,236pcm
May 2025	3.2%	£1,188pcm
May 2024	6.3%	£1,151pcm
May 2023	7%	£1,083pcm
May 2022	9.8%	£1,012pcm
May 2021	6.1%	£921pcm
May 2020	0.3%	£868pcm
May 2019	2.3%	£865pcm
May 2018	0.6%	£846pcm
May 2017	-1.9%	£841pcm
May 2016	5.1%	£857pcm
May 2015	4%	£815pcm
May 2014	2.4%	£784pcm
May 2013	2.3%	£765pcm
May 2012	0.5%	£748pcm
May 2011	2.4%	£744pcm
May 2010	4.8%	£727pcm
May 2009	-5.5%	£694pcm
May 2008	3.8%	£734pcm
May 2007	0%	£707pcm

Explore Buildingsin PO38 2LW, Military Road, Atherfield, Ventnor, PO38

Coastguard Cottages, Military Road, Atherfield, Ventnor, PO38Building7 units

Sales History
in PO38 2LW

The last sale was on 22nd July 2024 for £180,000 and since then the market in the area has decreased by 2.6%. The postcode has had a total of 8 sales since 1995.