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Fortuneswell House Prices

The average house price in Fortuneswell is £196,666 using HM Land Registry data.

The average property price increased by £67,598 (34.63%) over the last 5 years and increased by £13,510 (5.42%) over the last 12 months.

Over the last year, there were 43 residential property sales – a decrease of 35 transactions (-81.40%) relative to the previous year. The majority of house sales (12) were in the £186,000 - £224,000 range. Then came properties in the £224,000 - £262,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 105 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,292 (-2%).

In April 2024, there were 7 new estate agency instructions, 7 agreed home sales and 5 property price reductions.

5-Year Average Property Prices in Fortuneswell

34.63%

Property prices in Fortuneswell increased by 34.63% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Fortuneswell Over the Last Year

5.42%

Property prices in Fortuneswell increased by 5.42% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Fortuneswell - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Fortuneswell

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Fortuneswell

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Fortuneswell

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Fortuneswell since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Fortuneswell area since 1995.

Recent Property Sales in Fortuneswell

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
159 High Street, Fortuneswell, Portland, Dorset, DT5 1JH	£230,000	£220,000	-£10,000	13 Jul 2023	15 Feb 2024	217 Days
1 Cove Cottages, Portland, Dorset, DT5 1JJ	£220,000	£205,000	-£15,000	27 Jul 2023	18 Dec 2023	144 Days
2 Clovens Road, Portland, Dorset, DT5 1JL	£230,000	£214,000	-£16,000	24 Aug 2023	17 Nov 2023	85 Days
5 Albion Crescent, Portland, Dorset, DT5 1AQ	£325,000	£255,000	-£70,000	13 Jun 2023	13 Nov 2023	153 Days
14 Coronation Road, Portland, Dorset, DT5 1EZ	£105,000	£105,000	£00	01 Jun 2023	30 Oct 2023	151 Days
59 East Weare Road, Portland, Dorset, DT5 1ET	£85,000	£85,000	£00	12 Sep 2023	25 Oct 2023	43 Days
62 Mallams, Portland, Dorset, DT5 1NJ	£370,000	£366,500	-£3,500	11 May 2023	25 Oct 2023	167 Days
9 Hambro Road, Portland, Dorset, DT5 1JU	£240,000	£240,000	£00	09 Jul 2023	13 Oct 2023	96 Days
11 Mantle Close, Portland, Dorset, DT5 1ER	£130,000	£130,000	£00	23 Feb 2023	12 Oct 2023	231 Days
28 Ventnor Road, Portland, Dorset, DT5 1JE	£275,000	£272,000	-£3,000	12 Jun 2023	27 Sep 2023	107 Days
3 St Johns Close, Portland, Dorset, DT5 1NG	£295,000	£287,500	-£7,500	03 Apr 2023	27 Sep 2023	177 Days
48 High Street, Fortuneswell, Portland, Dorset, DT5 1JH	£170,000	£161,000	-£9,000	20 May 2023	22 Sep 2023	125 Days
6 Leet Close, Portland, Dorset, DT5 1HB	£212,500	£205,000	-£7,500	16 Jun 2023	22 Sep 2023	98 Days
12 Amelia Close, Portland, Dorset, DT5 1HE	£225,000	£220,000	-£5,000	29 Apr 2023	08 Sep 2023	132 Days
10 Artist Row, Portland, Dorset, DT5 1NQ	£210,000	£207,500	-£2,500	18 Jan 2023	01 Aug 2023	195 Days
1 Foylebank Way, Castletown, Portland, Dorset, DT5 1BA	£100,000	£95,000	-£5,000	14 Jan 2023	28 Jul 2023	195 Days
37 High Street, Fortuneswell, Portland, Dorset, DT5 1JQ	£230,000	£200,000	-£30,000	11 May 2023	24 Jul 2023	74 Days
26 High Street, Fortuneswell, Portland, Dorset, DT5 1JQ	£200,000	£195,000	-£5,000	20 Sep 2022	21 Jul 2023	304 Days
181 Brandy Row, Portland, Dorset, DT5 1AP	£300,000	£280,000	-£20,000	06 Mar 2023	14 Jul 2023	130 Days
3 East Street, Portland, Dorset, DT5 1NF	£220,000	£212,000	-£8,000	20 Mar 2023	30 Jun 2023	102 Days

Most Expensive Streets in Fortuneswell

Postcode	Street	Area	Average	No. of Sales
DT5 1AU	Castle Road	Portland	£410,000	7
DT5 1AG	Osborne Terrace	Portland	£327,083	3
DT5 1JP	Weare Close	Portland	£326,666	3
DT5 1AP	Chiswell	Portland	£326,071	14
DT5 1GA	Chesil Edge	Clovens Road	£315,156	16
DT5 1EN	Harbour View Road	Portland	£282,500	3
DT5 1LP	Fortuneswell	Portland	£282,333	3
DT5 1AH	Queens Road	Portland	£275,800	5
DT5 1JE	Ventnor Road	Portland	£271,937	8
DT5 1FT	Castle Court	Mulberry Avenue	£262,555	18

Least Expensive Streets in Fortuneswell

Postcode	Street	Area	Average	No. of Sales
DT5 1FS	Liberty Road	Portland	£79,833	6
DT5 1EZ	Coronation Road	Portland	£101,214	7
DT5 1FX	Fortuneswell	Portland	£116,606	16
DT5 1EJ	Verne Common Road	Portland	£121,250	4
DT5 1EH	Verne Common Road	Portland	£131,691	4
DT5 1ER	Mantle Close	Portland	£136,666	3
DT5 1AL	Victoria Square	Portland	£142,857	7
DT5 1ES	East Weare Road	Portland	£146,000	7
DT5 1LZ	Fortuneswell	Portland	£155,000	7
DT5 1ET	East Weare Road	Portland	£160,000	3