Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
PO38 3NAHouse Prices / South East, Isle of Wight, Merstone Lane
Last updated May 2026
Key Postcode Insights
PO38 3NA is a residential postcode situated on Merstone Lane, Rookley, Ventnor, PO38 with 3 addresses.
It ranks as the 116th largest and 384th 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 3 properties: 3 houses.
3
Properties
- Houses
Key Postcode Insights
PO38 3NA is a residential postcode situated on Merstone Lane, Rookley, Ventnor, PO38 with 3 addresses.
It ranks as the 116th largest and 384th 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 3 properties: 3 houses.
3
Properties
- Houses
Get a Fast Offer
for your property
House Pricesin PO38 3NA
Sale prices range from £368,906 for 3 bedroom freehold houses with a garden (710 ft2) to £711,417 for 5 bedroom freehold houses with a garden (2,098 ft2) .
Monthly rental prices range from £1,198 pcm for 3 bed houses to £1,885 pcm for 5 bed houses.
The gross rental yield is between 3.2% and 3.9%.
The average value per square foot is £516.
Average Sale Value
£484,084
Average Rental Value
£1,429 pcm
Average Rental Yield
3.5% /year
Average Value Per Sqft
£516 /ft2
Sales Market Trendsin PO38 3NA
The last sale in PO38 3NA sold for £810,000 on 2nd December 2024. Since then prices are down an average of 3.5%.
The current average value in the postcode is £484,084.
The PO38 3NA Sales Market has increased by 36.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -4.5% | £484,084 |
| April 2025 | 1.5% | £506,855 |
| April 2024 | -7.9% | £499,166 |
| April 2023 | 5.6% | £542,018 |
| April 2022 | 10% | £513,164 |
| April 2021 | 10.9% | £466,607 |
| April 2020 | 5.2% | £420,795 |
| April 2019 | 5.7% | £399,964 |
| April 2018 | 2.6% | £378,572 |
| April 2017 | 3.6% | £368,822 |
| April 2016 | 5.2% | £356,031 |
| April 2015 | 2.2% | £338,368 |
| April 2014 | 5.4% | £331,061 |
| April 2013 | -2% | £314,045 |
| April 2012 | -0.9% | £320,345 |
| April 2011 | 0% | £323,314 |
| April 2010 | 5.3% | £323,466 |
| April 2009 | -10.3% | £307,122 |
| April 2008 | 1.6% | £342,264 |
| April 2007 | 0% | £336,741 |
Rental Market Trendsin PO38 3NA
The current average rental value in the postcode is £1,429.
The PO38 3NA Rental Market has increased by 56.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.4% | £1,429pcm |
| April 2025 | 4% | £1,369pcm |
| April 2024 | 6.1% | £1,316pcm |
| April 2023 | 7.7% | £1,241pcm |
| April 2022 | 11.9% | £1,152pcm |
| April 2021 | 6.9% | £1,030pcm |
| April 2020 | 1.5% | £963pcm |
| April 2019 | 2.5% | £949pcm |
| April 2018 | 0.6% | £925pcm |
| April 2017 | 0.8% | £920pcm |
| April 2016 | 6.4% | £913pcm |
| April 2015 | 4.2% | £858pcm |
| April 2014 | 4% | £824pcm |
| April 2013 | 4% | £792pcm |
| April 2012 | 0.7% | £762pcm |
| April 2011 | 4.7% | £756pcm |
| April 2010 | 4.2% | £722pcm |
| April 2009 | -3.2% | £693pcm |
| April 2008 | 4.8% | £716pcm |
| April 2007 | 0% | £684pcm |
Explore Propertiesin PO38 3NA, Merstone Lane, Rookley, Ventnor, PO38
Sales Historyin PO38 3NA
The last sale was on 2nd December 2024 for £810,000 and since then the market in the area has decreased by 3.5%. The postcode has had a total of 5 sales since 1995.
PO38 3NA has seen 1 sale in the last three years and no sales in the last twelve months.
Sold Dec 2024£810,000 | 5 Bed HouseMerstone LaneBohemia Cottage, Merstone Lane, Ventnor, PO38 3NA
Sold Jun 2021£600,000 | 5 Bed HouseMerstone LaneBohemia Cottage, Merstone Lane, Ventnor, PO38 3NA
Sold Jul 2017£490,000 | 5 Bed HouseMerstone LaneBohemia Cottage, Merstone Lane, Ventnor, PO38 3NA
Sold Sep 2007£450,000 | 5 Bed HouseMerstone LaneBohemia Cottage, Merstone Lane, Ventnor, PO38 3NA
Sold Jul 1998£166,000 | 5 Bed HouseMerstone LaneBohemia Cottage, Merstone Lane, Ventnor, PO38 3NA
Nearby Postcodesto PO38 3NA
PO38 3NA is the 116th largest and the 384th most expensive postcode out of the 577 postcodes in the PO38 area.
- 575 mPO38 3NB, Main Road, Rookley, Ventnor, PO38PO38 3NB8 Addresses
- 612 mPO38 3ND, Main Road, Rookley, Ventnor, PO38PO38 3ND2 Addresses
- 662 mPO38 3LX, Munsley Lane, Godshill, Ventnor, PO38PO38 3LX3 Addresses
- 690 mPO38 3LY, Newport Road, Godshill, Ventnor, PO38PO38 3LY11 Addresses
- 736 mPO38 3NE, Main Road, Rookley, Ventnor, PO38PO38 3NE6 Addresses
- 900 mPO38 3LZ, Chequers Inn Road, Rookley, Ventnor, PO38PO38 3LZ4 Addresses
Estate Agents active nearby!
What's this?
Be the first Estate
Agent here!
Property Typesin PO38 3NA
- 2 period houses built between 1800 and 1911
- 1 mid-century house built between 1936 and 1979
- period house (2)
- mid-century house (1)
Energy Efficiencyof properties in PO38 3NA
- Energy Performance Certificate (EPC) surveys conducted for 3 properties.
- The dominant rating is D.
- A (0)
- E (1)
- B (0)
- F (0)
- C (0)
- G (0)
- D (2)
- No EPC (0)
Top 3 Most Expensive Saleson Merstone Lane
Schools Nearbyto PO38 3NA
The nearest primary school to PO38 3NA is Godshill Primary School which is 1.7 kilometres away.
- 1.7kmGodshill Primary School
- 3.3kmArreton St George's Church of England (Aided) Primary School
- 4.3kmNewchurch Primary School
The nearest secondary school is Christ The King College which is 6.0 kilometres away.
- 6.0kmChrist The King College
- 6.3kmThe Island Free School
- 6.4kmCarisbrooke College
More reading links
Public Transport Nearbyto PO38 3NA
The closest station to PO38 3NA is Shanklin station which is 6.1 kilometres away.
- 6.1kmShanklin
- 6.8kmLake
- 7.1kmSandown
- 9.3kmBrading
Loading...
Loading...
Loading...
Loading...
