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Lee-on-the-Solent House Prices Lee-on-the-Solent House Prices

The average house price in Lee-on-the-Solent is £447,882 using HM Land Registry data.

The average property price increased by £93,541 (28.25%) over the last 5 years and increased by £18,695 (4.6%) over the last 12 months.

Over the last year, there were 273 residential property sales – a decrease of 124 transactions (-45.42%) relative to the previous year. The majority of house sales (74) were in the £254,000 - £348,000 range. Then came properties in the £348,000 - £442,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 80 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,021 (-1%).

In April 2024, there were 70 new estate agency instructions, 43 agreed home sales and 33 property price reductions.

Postcodes Covered: PO13, PO14

5-Year Average Property Prices in Lee-on-the-Solent

28.25%

Property prices in Lee-on-the-Solent increased by 28.25% 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 Lee-on-the-Solent Over the Last Year

4.6%

Property prices in Lee-on-the-Solent increased by 4.6% 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.

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).

Property Market Heat Gauge for Lee-on-the-Solent - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 Lee-on-the-Solent

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 Lee-on-the-Solent

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 Lee-on-the-Solent

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 Lee-on-the-Solent since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Lee-on-the-Solent area since 1995.

Recent Property Sales in Lee-on-the-Solent

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
16 High Street, Lee-on-the-solent, Hampshire, PO13 9BZ£420,000£420,000£0029 Sep 202301 Mar 2024154 Days
1 Olave Close, Lee-on-the-solent, Hampshire, PO13 9JR£650,000£650,000£0022 Sep 202316 Feb 2024147 Days
2 East House Avenue, Fareham, Hampshire, PO14 2RB£485,000£475,000-£10,00020 May 202302 Feb 2024258 Days
98c, Burnt House Lane, Stubbington, Fareham, Hampshire, PO14 2EE£625,000£600,000-£25,00004 Jul 202331 Jan 2024211 Days
5 Bells Lane, Stubbington, Fareham, Hampshire, PO14 2BA£550,000£545,000-£5,00026 Oct 202326 Jan 202492 Days
6 Derwent Road, Lee-on-the-solent, Hampshire, PO13 8JG£465,000£455,000-£10,00014 Apr 202323 Jan 2024284 Days
42 Magister Drive, Lee-on-the-solent, Hampshire, PO13 8GE£334,995£330,000-£4,99518 Sep 202309 Jan 2024113 Days
7 Clifton Road, Lee-on-the-solent, Hampshire, PO13 9AT£449,995£435,000-£14,99511 Feb 202315 Dec 2023307 Days
Flat 19, Woburn Court, Marine Parade East, Lee-on-the-solent, Hampshire, PO13 9BL£240,000£170,000-£70,00001 Aug 202308 Dec 2023129 Days
4 Farm Edge Road, Fareham, Hampshire, PO14 2BU£500,000£490,000-£10,00002 May 202307 Dec 2023219 Days
38 Chester Crescent, Lee-on-the-solent, Hampshire, PO13 9BH£645,000£635,000-£10,00004 Sep 202305 Dec 202392 Days
15 Monks Way, Fareham, Hampshire, PO14 3LU£879,950£850,000-£29,95001 Sep 202305 Dec 202395 Days
1 Canterbury Road, Fareham, Hampshire, PO14 2LY£650,000£630,000-£20,00007 May 202105 Dec 2023942 Days
1 The Oakes, Fareham, Hampshire, PO14 3TP£500,000£485,500-£14,50002 Sep 202330 Nov 202389 Days
10 Windermere Avenue, Fareham, Hampshire, PO14 2DR£290,000£277,500-£12,50001 Sep 202329 Nov 202389 Days
8 Southways, Stubbington, Fareham, Hampshire, PO14 2AG£369,995£350,000-£19,99519 Apr 202328 Nov 2023223 Days
40 Warwick Close, Lee-on-the-solent, Hampshire, PO13 9AZ£399,995£390,000-£9,99515 May 202323 Nov 2023192 Days
204 Old Street, Fareham, Hampshire, PO14 3HG£249,950£247,500-£2,45001 Sep 202317 Nov 202377 Days
4 Mayfield Close, Fareham, Hampshire, PO14 2QD£325,000£316,400-£8,60020 Jun 202313 Nov 2023146 Days
43 Fitzroy Drive, Lee-on-the-solent, Hampshire, PO13 8LY£480,000£471,500-£8,50027 Jun 202309 Nov 2023135 Days

Most Expensive Streets in Lee-on-the-Solent

PostcodeStreetAreaAverageNo. of Sales
PO14 3JSCliff RoadFareham£1,456,5005
PO14 3JTCliff RoadFareham£1,379,1663
PO13 9NJCrofton AvenueLee-on-the-solent£1,026,2504
PO14 3LUMonks WayFareham£1,001,0005
PO14 3JHHill Head RoadFareham£880,0004
PO14 3JYKnights Bank RoadFareham£792,7504
PO14 3HJBerry LaneFareham£741,6663
PO14 3JXHaven CrescentFareham£732,6003
PO14 3HTOld StreetFareham£728,3333
PO13 9AFPortsmouth RoadLee-on-the-solent£717,0005

Least Expensive Streets in Lee-on-the-Solent

PostcodeStreetAreaAverageNo. of Sales
PO13 9GEArgus RoadLee-on-the-solent£96,8333
PO13 9BPHometide HouseBeach Road£99,42323
PO13 9JDHigh StreetLee-on-the-solent£117,21414
PO13 9ARElmore RoadLee-on-the-solent£129,30010
PO14 2AXGrosvenor CourtGosport Road£132,16515
PO13 9EXSkipper WayLee-on-the-solent£139,3754
PO14 3TDHamble CourtShannon Road£140,2779
PO13 9DRHove CourtHigh Street, Lee-on-the-solent£149,0004
PO13 9DJNicholas CourtHigh Street, Lee-on-the-solent£163,8754
PO13 8JZDeane GardensLee-on-the-solent£165,4833

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