Property trends for PO31

    PO31 covers the Isle of Wight, located off the south coast of England. It is a popular coastal and retirement destination with a mix of seaside towns, rural villages, and heritage attractions.

    At a Glance

    Average Property Price - PO31

    £328,016

    52

    National percentile

    12 month avg at 31 Jul 2026

    Average Monthly Rent - PO

    £1,207

    62

    National percentile

    Estimate at 31 Jul 2026

    Average Net Household Income - PO31

    £40,086

    59

    National percentile

    2023 census data

    Flat / Maisonette Yield - PO

    6.6%

    87

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Price Growth - PO31

    2.7%

    36

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - PO

    4.0%

    56

    National percentile

    Estimate at 31 Jul 2026

    Street Rankings — PO31

    Top 5 streets in PO31 ranked by 3-year average sale price.

    #Street3Y Avg
    1Princes Esplanade£1,905,000
    2Egypt Hill£1,450,000
    3Solent Shores£1,300,000
    4Solent View Road£1,269,726
    5Solent Lawns£1,159,500

    Latest Rent — PO31

    Property Price & Volume Trends

    The average property price in PO31 is £336,000, close to the national average. Over the past decade, prices have grown at 3.4% annually—below the national pace. Annual transactions have fallen to 217 from a 10-year average of 299, suggesting a slowdown in market activity.

    Rent & Yield Trends

    Average monthly rent stands at £1,187, above the national average. Rental growth over ten years has averaged 4.1% per year, slightly ahead of the national trend. The flat yield has improved to 6.2%, up from a 10-year average of 5.1%, reflecting stronger returns for buy-to-let investors.

    Income & Affordability Trends

    Average household income is £40,086, modestly above the national average. The price-to-income ratio has risen to 8.9x from 7.6x in 2016, indicating that property has become less affordable relative to earnings over this period. Rental affordability has also tightened, with the rent-to-income ratio increasing from 28.9% to 32.1%, putting greater pressure on renters.

    Resident Demographic Profile

    The population skews notably older: those aged 50–64 account for 22.1% (compared to a national average of 19.8%), and those 65 and over represent 24.1% (against 19.6% nationally). Outright ownership is markedly higher at 40.1% versus 33.7% nationally, typical of a mature, retirement-oriented community. The caring professions are overrepresented at 11.3% against a national average of 9.2%, reflecting the area's elderly demographic. Social rented housing is less prevalent at 8% compared to the national average of 16.5%.

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