Residential dwellings
7,530
Addressable residential units in the area (OS AddressBase).
PO38 rents and yields
Asking rent £1,150/month · Gross yield 4.5% · 12 months, listings to Sep 2026
What is PO38?
PO38: residential dwellings 7,530.
HMO-shaped dwellings
0.0%
PO38 ranks 5th of 12 neighbouring postcode districts for HMO-shaped dwellings.
Share of dwellings OS AddressBase classifies RH01/RH02/RH03: laid out as a house in multiple occupation. A statement about built form, not about a licence.
- Buildings
- 6,463
- Mixed-use buildings
- 3.5%
- HMO-shaped units
- 1.0%
- EPC A or B
- 7.0%
- EPC D or worse
- 67%
What does PO38 earn?
PO38: asking rent £1,150/month (12 months to Sep 2026, 109 lets).
Asking rent
£1,150/month 12 months to Sep 2026
109 lets
Median asking rent per calendar month of residential lettings in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 109 lets.
Gross yield, asking basis
4.5% 12 months to Sep 2026
180 lets
+17.6% on the previous 12 months.
Cell asking rent × 12 over the same cell's asking sale price, before costs, voids and finance (cells with fewer than 5 dated listings are not built). 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 180 lets.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
72 on 4 Nov 2026
Count of live residential lettings on the day, from portal listings; observed forwards from 5 Sep 2026. The count on 4 Nov 2026; the daily series began on 5 Sep 2026, so no change over a year is stated.
How does PO38 vary by home size?
Asking rent in PO38 runs from £941/month for 2 bedrooms to £1,173/month for 3 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | Not published | — | — | — |
| 2 bedrooms | £941/month | 12 months to Sep 2026 · 9 of 12 months observed | — | 66 |
| 3 bedrooms | £1,173/month | 12 months to Sep 2026 · 7 of 12 months observed | — | 46 |
| 4 bedrooms | Not published | — | — | — |
| 5+ bedrooms | Not published | — | — | — |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, within the last 12 calendar months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns PO38?
Corporate landlords hold 65% of the 272 units in PO38 whose freeholder is classified; 97% of all units are not yet classified.
- Corporate landlords65% of classified · 178 units
- Housing associations21% of classified · 58 units
- Individuals (not traceable in bulk)9.2% of classified · 25 units
- RMC4.0% of classified · 11 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does PO38 rank?
PO38 ranks 4th of 10 postcode districts in Isle of Wight for asking rent, at £1,150/month.
Asking rent · postcode districts in Isle of Wight
PO38 ranks 4th of 10 postcode districts in Isle of Wight for asking rent, at £1,150/month.
| # | Area | Asking rent | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | PO35 | £1,443/month | 12 months to Sep 2026 · from monthly figures · 10 of 12 months observed | 31 | indicative |
| 2 | PO31 | £1,168/month | 12 months to Sep 2026 · from monthly figures | 145 | measured |
| 3 | PO39 | £1,165/month | 12 months to Sep 2026 · from monthly figures · 8 of 12 months observed | 30 | indicative |
| 4 | PO38 | £1,150/month | 12 months to Sep 2026 · from monthly figures | 109 | measured |
| 5 | PO32 | £1,103/month | 12 months to Sep 2026 · from monthly figures | 69 | indicative |
Full table: asking rent across postcode districts in Isle of Wight
Gross yield, asking basis · postcode districts in Isle of Wight
PO38 ranks 4th of 8 postcode districts in Isle of Wight for gross yield, asking basis, at 4.5%.
| # | Area | Gross yield, asking basis | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | PO30 | 5.2% | 12 months to Sep 2026 · from monthly figures | 295 | measured |
| 2 | PO32 | 5.1% | 12 months to Sep 2026 · from monthly figures · 11 of 12 months observed | 106 | measured |
| 3 | PO36 | 4.8% | 12 months to Sep 2026 · from monthly figures | 179 | measured |
| 4 | PO38 | 4.5% | 12 months to Sep 2026 · from monthly figures | 180 | measured |
| 5 | PO33 | 4.2% | 12 months to Sep 2026 · from monthly figures | 504 | measured |
Full table: gross yield, asking basis across postcode districts in Isle of Wight
Where next from PO38?
- Isle of WightThe wider market this area sits in.
- PO30Neighbouring postcode district · Asking £3,013/m² · Sep 2026
- PO31Neighbouring postcode district · Asking £4,423/m² · Sep 2026
- PO32Neighbouring postcode district · Asking £3,222/m² · Sep 2026
- PO33Neighbouring postcode district · Asking £3,087/m² · Sep 2026
- PO34Neighbouring postcode district · Asking £5,638/m² · Sep 2026
- PO35Neighbouring postcode district · Asking £4,333/m² · Sep 2026
- PO36Neighbouring postcode district · Asking £2,782/m² · Sep 2026
- PO37Neighbouring postcode district · Asking £2,625/m² · Sep 2026
Questions about PO38
- What is the average rent in PO38?
- Homes to let in PO38 asked a median £1,150/month over the 12 months to Sep 2026, 109 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in PO38?
- 4.5% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Sep 2026, 180 lets. +17.6% on the previous 12 months.
- What kind of homes are in PO38?
- PO38 has 7,530 homes, 0.0% laid out as houses in multiple occupation.
Construction costs Context for residential research
Sector and regional evidence. These figures are not a quote for an individual property.
Reading the cost index and the regional factors…
Everything else about PO38
- Property values in PO38Every addressable home with its floor area, tenure and last recorded sale.
- Land and development sites in PO38Registered land with its area, tenure and what stands on it.
- Houses and flats for sale in PO38What is on the market right now, with the evidence beside each asking price.
- Flats and houses to rent in PO38What is available to rent, with the recorded rent and yield beside each asking price.
- Sold house prices in PO38Registered completions from Price Paid, newest first.
- Planning applications in PO38What was proposed, who decided it and whether it was approved.
- Estate agents in PO38Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Residential dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| HMO-shaped dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| Asking rent | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 109 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 180 lets |
| Homes to rent | Portal listings; observed forwards from 5 Sep 2026 | on 4 Nov 2026 | 4 Nov 2026 | — |