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House Prices in PO3 House Prices in PO3 (Portsmouth)

The average house price in PO3 (Portsmouth) is £261,711 using HM Land Registry data.

The average property price increased by £58,268 (21.73%) over the last 5 years and increased by £11,675 (3.38%) over the last 12 months.

Over the last year, there were 218 residential property sales – a decrease of 16 transactions (-7.34%) relative to the previous year. The majority of house sales (64) were in the £248,000 - £292,000 range. Then came properties in the £292,000 - £336,000 range, where 38 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 111 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,703 (-2%).

In Dec 24, there were 23 new estate agency instructions, 12 agreed home sales and 16 property price reductions.

Nearby Postcodes: BN17, BN18, GU28, GU29, GU31, PO1, PO10, PO11, PO12, PO13, PO14, PO15, PO16, PO17, PO18, PO19, PO2, PO20, PO21, PO22, PO30, PO31, PO32, PO33, PO34, PO35, PO36, PO37, PO38, PO39, PO4, PO40, PO41, PO5, PO6, PO7, PO8, PO9, SO30, SO31, SO32

5-Year Average Property Prices in PO3 (Portsmouth)

21.73%

Property prices in Portsmouth increased by 21.73% 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 PO3 (Portsmouth) Over the Last Year

3.38%

Property prices in Portsmouth increased by 3.38% 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 PO3 (Portsmouth) - Dec 24

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 PO3 (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 PO3 (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 PO3 (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 PO3 (Portsmouth) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PO3 postcode area since 1995.

Recent Sales in PO3 (Portsmouth)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
92 Dartmouth Road, Portsmouth, PO3 5DU£305,000£300,000-£5,00003 May 202414 Nov 2024195 Days
8 Romsey Avenue, Portsmouth, PO3 6DG£335,000£315,000-£20,00012 Jul 202408 Nov 2024119 Days
49 Vernon Road, Portsmouth, PO3 5DR£220,000£218,000-£2,00008 Feb 202406 Nov 2024272 Days
42 Corby Crescent, Portsmouth, PO3 5UN£262,500£260,000-£2,50024 Jul 202401 Nov 2024100 Days
11 Ecton Lane, Anchorage Park, Portsmouth, PO3 5TA£300,000£282,000-£18,00001 Jul 202401 Nov 2024123 Days
2 Carronade Walk, Hilsea, Portsmouth, PO3 5LX£200,000£195,000-£5,00007 Jun 202401 Nov 2024147 Days
21 Silchester Road, Portsmouth, PO3 6NU£290,000£285,000-£5,00005 Aug 202431 Oct 202487 Days
47 Westover Road, Baffins, Portsmouth, PO3 6NR£279,995£273,000-£6,99511 Jul 202425 Oct 2024106 Days
160 Stride Avenue, Baffins, Portsmouth, PO3 6HW£270,000£260,000-£10,00027 Mar 202425 Oct 2024212 Days
32 Martin Road, Portsmouth, PO3 6JZ£360,000£357,000-£3,00003 Jul 202423 Oct 2024112 Days
11 Military Road, Hilsea, Portsmouth, PO3 5LS£450,000£440,000-£10,00027 Feb 202422 Oct 2024238 Days
31 Green Lane, Portsmouth, PO3 5EY£340,000£340,000£0018 May 202418 Oct 2024153 Days
35 Cheslyn Road, Portsmouth, PO3 6DJ£420,000£410,000-£10,00007 Jun 202417 Oct 2024132 Days
50 Copnor Road, Portsmouth, PO3 5AH£270,000£268,650-£1,35028 May 202414 Oct 2024139 Days
34 Tokio Road, Copnor, Portsmouth, PO3 5AT£230,000£230,000£0008 Jan 202423 Aug 2024228 Days
24 Whitecliffe Avenue, Portsmouth, PO3 6JA£320,000£320,000£0006 Mar 202423 Aug 2024170 Days
60 Eastern Road, Portsmouth, PO3 6EW£145,000£138,500-£6,50024 May 202419 Aug 202487 Days
9 Stapleton Road, Portsmouth, PO3 5BH£219,995£203,660-£16,33529 Nov 202316 Aug 2024261 Days
5 Feltons Place, Hilsea, Portsmouth, PO3 5LU£290,000£285,000-£5,00008 May 202415 Aug 202499 Days
4 Gatcombe Avenue, Copnor, Portsmouth, PO3 5HG£410,000£405,000-£5,00029 Feb 202409 Aug 2024162 Days

Most Expensive Streets in PO3 (Portsmouth)

PostcodeStreetAreaAverageNo. of Sales
PO3 5ULDaventry LanePortsmouth£458,9005
PO3 5LTFirgrove CrescentPortsmouth£429,3537
PO3 5LSMilitary Road, HilseaPortsmouth£411,8754
PO3 6GBUnion RoadPortsmouth£377,5004
PO3 5UEHolcot LanePortsmouth£360,1005
PO3 6HXNeville RoadPortsmouth£356,5004
PO3 5TPAlthorpe DrivePortsmouth£355,5004
PO3 6GFUnion RoadPortsmouth£355,38413
PO3 6PLStanley AvenuePortsmouth£346,6666
PO3 5UGBlakesley LanePortsmouth£345,1878

Least Expensive Streets in PO3 (Portsmouth)

PostcodeStreetAreaAverageNo. of Sales
PO3 6BLOwen House, Whitcombe GardensPortsmouth£57,2504
PO3 5UUCorby CrescentPortsmouth£73,5495
PO3 6FSFinchdean Gardens, Union RoadPortsmouth£95,76615
PO3 5FSSouthdown View, Military RoadPortsmouth£109,84711
PO3 5FGKnowles Court, Manor Park AvenuePortsmouth£129,7005
PO3 6ABSt Marys House, St Marys RoadPortsmouth£135,35217
PO3 6EHEastern RoadPortsmouth£144,1663
PO3 5FZCambrai ClosePortsmouth£154,6427
PO3 5LBWalberant Buildings, Copnor RoadPortsmouth£158,1254
PO3 6JHTangier RoadPortsmouth£159,0003

Explore PO3 (Portsmouth) using map

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