FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in Portsmouth

Portsmouth House Prices Portsmouth House Prices

The average house price in Portsmouth is £272,820 using HM Land Registry data.

The average property price increased by £69,317 (29.25%) over the last 5 years and increased by £13,854 (4.74%) over the last 12 months.

Over the last year, there were 1,926 residential property sales – a decrease of 1,176 transactions (-61.06%) relative to the previous year. The majority of house sales (555) were in the £208,000 - £266,000 range. Then came properties in the £266,000 - £324,000 range, where 351 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,250 (-1%).

In April 2024, there were 467 new estate agency instructions, 331 agreed home sales and 318 property price reductions.

Neighbouring Areas: Waterlooville, Havant, Fareham, Gosport

Postcodes Covered: PO1, PO16, PO17, PO2, PO3, PO4, PO5, PO6, PO9

5-Year Average Property Prices in Portsmouth

29.25%

Property prices in Portsmouth increased by 29.25% 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 Portsmouth Over the Last Year

4.74%

Property prices in Portsmouth increased by 4.74% 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 Portsmouth - 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 Portsmouth

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 Portsmouth

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 Portsmouth

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 Portsmouth since 1995

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

Recent Property Sales in Portsmouth

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
97 Eastfield Road, Southsea, Portsmouth, PO4 9EJ£210,000£195,000-£15,00009 Nov 202319 Mar 2024131 Days
Flat 43, Homeheights, Clarence Parade, Southsea, Portsmouth, PO5 3NW£85,000£85,000£0002 Oct 202318 Mar 2024168 Days
41 Marston Lane, Anchorage Park, Portsmouth, PO3 5TW£235,000£230,000-£5,00006 Feb 202313 Mar 2024401 Days
40 Marina Grove, Portchester, Fareham, Hampshire, PO16 9HF£325,000£325,000£0020 Nov 202311 Mar 2024112 Days
35 Henderson Road, Eastney, Southsea, Portsmouth, PO4 9JD£275,000£269,000-£6,00026 Sep 202329 Feb 2024156 Days
35 Tregaron Avenue, Drayton, Portsmouth, PO6 2ND£500,000£500,000£0007 Sep 202329 Feb 2024175 Days
41 Winnham Drive, Fareham, Hampshire, PO16 8QG£350,000£347,500-£2,50007 Dec 202329 Feb 202484 Days
21 Stowe Road, Southsea, Portsmouth, PO4 8JT£235,000£222,500-£12,50017 Aug 202328 Feb 2024195 Days
Flat 21, Homeheights, Clarence Parade, Southsea, Portsmouth, PO5 3NN£135,000£114,000-£21,00008 Aug 202327 Feb 2024203 Days
Flat 10, Shadwell Court, Winstanley Road, Stamshaw, Portsmouth, PO2 8JU£120,000£115,000-£5,00011 May 202326 Feb 2024291 Days
22 Stride Avenue, Baffins, Portsmouth, PO3 6HL£350,000£350,000£0004 Dec 202323 Feb 202481 Days
Flat 8, Hamilton Court, Ashby Place, Southsea, Portsmouth, PO5 3NP£135,000£127,500-£7,50017 Jul 202323 Feb 2024221 Days
50 Carnarvon Road, Portsmouth, PO2 7NL£265,000£263,000-£2,00013 Oct 202322 Feb 2024132 Days
78 Ranelagh Road, Portsmouth, PO2 8HA£230,000£220,000-£10,00001 Nov 202316 Feb 2024107 Days
Flat 19, Milford Court, Old Canal, Southsea, Portsmouth, PO4 8JA£120,000£113,000-£7,00009 Oct 202316 Feb 2024130 Days
Flat 63, Holmbush Court, Queens Crescent, Southsea, Portsmouth, PO5 3HZ£125,000£105,000-£20,00026 Oct 202314 Feb 2024111 Days
60 Cheltenham Road, Portsmouth, PO6 3PZ£235,000£235,000£0008 Dec 202314 Feb 202468 Days
92 Orchard Road, Southsea, Portsmouth, PO4 0AB£400,000£384,000-£16,00021 Sep 202312 Feb 2024144 Days
23 Goodwood Road, Southsea, Portsmouth, PO5 1NN£330,000£330,000£0008 Nov 202309 Feb 202493 Days
83b, Cottage Grove, Southsea, Portsmouth, PO5 1EH£180,000£177,000-£3,00004 Jul 202309 Feb 2024220 Days

Most Expensive Streets in Portsmouth

PostcodeStreetAreaAverageNo. of Sales
PO4 9RPCousins GroveSouthsea£976,2995
PO4 9NDDriftwood GardensSouthsea£925,1666
PO5 2AGMerton RoadSouthsea£885,0003
PO4 0NTCraneswater ParkSouthsea£821,2484
PO4 0PBCraneswater AvenueSouthsea£794,0005
PO4 0QJSt Helens ParadeSouthsea£791,2504
PO1 2JRTower StreetPortsmouth£777,5004
PO5 2ANHillborough CrescentSouthsea£765,0003
PO5 3DHSt Edwards RoadSouthsea£743,3333
PO4 0QUBembridge CrescentSouthsea£730,6258

Least Expensive Streets in Portsmouth

PostcodeStreetAreaAverageNo. of Sales
PO3 6BLOwen HouseWhitcombe Gardens£59,0003
PO2 8SSRudmore CourtSimpson Road£61,30010
PO1 5PHSt Marys RoadPortsmouth£61,6663
PO5 1DUHomerose HouseCottage Grove£66,64512
PO4 9TAMelville RoadSouthsea£67,3333
PO5 1HWHomegrove HouseGrove Road North£69,7005
PO5 4DQHomesea HouseGreen Road£72,2005
PO3 5UUCorby CrescentPortsmouth£79,6495
PO5 4DGHomesea HouseGreen Road£80,70010
PO5 1HNHomegrove HouseGrove Road North£83,07613

Explore Portsmouth and Neighbouring Area House Prices

Sell Your
House Fast
Property Auctions Portsmouth
Property Auctions Portsmouth
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark