Property trends for PO33

    PO33 covers the Isle of Wight, situated off the south coast of England. It is a predominantly residential and leisure-focused area with strong seaside appeal.

    At a Glance

    Average Property Price - PO33

    £265,257

    32

    National percentile

    Average Monthly Rent - PO

    £1,187

    62

    National percentile

    Average Net Household Income - PO33

    £36,191

    39

    National percentile

    Flat / Maisonette Yield - PO

    6.2%

    83

    National percentile

    10-Year Annualised Price Growth - PO33

    2.9%

    25

    National percentile

    10-Year Annualised Rent Growth - PO

    4.1%

    58

    National percentile

    Property Price & Volume Trends

    The average property price of £265,000 sits below the national average. Over the past decade, prices have grown at 2.9% per year—notably slower than the UK as a whole. Transaction volumes have declined recently, with 400 sales in the latest year compared to a 10-year average of 565 annually.

    Rent & Yield Trends

    Average monthly rents of £1,187 are above the national median. Rental growth over ten years has been modest at 4.1% annually, in line with national trends. Flat yields have improved markedly, rising from a 10-year average of 5.1% to 6.2% today, reflecting stronger returns for landlords.

    Income & Affordability Trends

    Average household income of £36,191 is modestly below the national average. The price-to-income ratio of 7.6x has worsened since 2016 (then 7.0x), indicating homes have become less affordable relative to earnings. Rental affordability has similarly deteriorated: renters now spend 32.1% of income on housing, up from 28.9% in 2016.

    Resident Demographic Profile

    The area has a notably older population: nearly 27% are aged 65 and above, compared to 19.6% nationally, while those aged 16–24 are underrepresented at 8.3%. Housing tenure is skewed towards outright ownership (40.8%, well above the national 33.7%), with a smaller mortgage-owning cohort. The employment profile is distinctive for a high concentration in caring roles (14.7% versus 9.2% nationally) and trades (13.2% versus 10.5%), while professional workers are underrepresented.

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