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House Prices in PO5 House Prices in PO5 (Southsea)

The average house price in PO5 (Southsea) is £191,916 using HM Land Registry data.

The average property price increased by £24,741 (40.76%) over the last 5 years and increased by £4,958 (5.59%) over the last 12 months.

Over the last year, there were 240 residential property sales – a decrease of 104 transactions (-43.33%) relative to the previous year. The majority of house sales (85) were in the £110,000 - £196,000 range. Then came properties in the £196,000 - £282,000 range, where 57 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,158 (-2%).

In Oct 24, there were new estate agency instructions, agreed home sales and property price reductions.

Nearby Postcodes: BN18, GU28, GU29, GU31, PO1, PO10, PO11, PO12, PO13, PO14, PO15, PO16, PO17, PO18, PO19, PO2, PO20, PO3, PO30, PO39, PO4, PO40, PO41, PO6, PO7, PO8, PO9, SO30, SO31, SO32

5-Year Average Property Prices in PO5 (Southsea)

40.76%

Property prices in Southsea increased by 40.76% 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 PO5 (Southsea) Over the Last Year

5.59%

Property prices in Southsea increased by 5.59% 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 PO5 (Southsea) - Oct 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 PO5 (Southsea)

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 PO5 (Southsea)

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 PO5 (Southsea)

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 PO5 (Southsea) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PO5 postcode area since 1995.

Recent Sales in PO5 (Southsea)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Sussex Place, Southsea, Portsmouth, PO5 3EZ£225,000£217,500-£7,50025 Aug 202320 Aug 2024361 Days
88 Napier Road, Southsea, Portsmouth, PO5 2RB£255,000£240,000-£15,00019 Apr 202409 Aug 2024112 Days
26 Brougham Road, Southsea, Portsmouth, PO5 4PA£425,000£415,000-£10,00026 Jan 202406 Aug 2024193 Days
2 Wilton Terrace, Southsea, Portsmouth, PO5 2BQ£465,000£448,000-£17,00025 Mar 202429 Jul 2024126 Days
Flat 6, Park Court, Castle Road, Southsea, Portsmouth, PO5 3DF£175,000£170,000-£5,00023 Apr 202426 Jul 202494 Days
Flat 29, Homegrove House, Grove Road North, Southsea, Portsmouth, PO5 1HN£85,000£84,000-£1,00010 Feb 202422 Jul 2024163 Days
Flat 42, Holmbush Court, Queens Crescent, Southsea, Portsmouth, PO5 3HY£210,000£200,000-£10,00016 Mar 202318 Jul 2024490 Days
18 Somers Road, Southsea, Portsmouth, PO5 4PU£219,995£205,000-£14,99516 Jan 202415 Jul 2024181 Days
Flat 12, Homerose House, Cottage Grove, Southsea, Portsmouth, PO5 1DU£85,000£81,000-£4,00023 Aug 202315 Jul 2024327 Days
Flat 53, Holmbush Court, Queens Crescent, Southsea, Portsmouth, PO5 3HZ£100,000£90,000-£10,00013 Feb 202412 Jul 2024150 Days
64 Oxford Road, Southsea, Portsmouth, PO5 1NR£225,000£217,500-£7,50006 Mar 202408 Jul 2024124 Days
41 Goodwood Road, Southsea, Portsmouth, PO5 1NN£270,000£270,000£0028 Mar 202401 Jul 202495 Days
104 Lawson Road, Southsea, Portsmouth, PO5 1SE£250,000£245,000-£5,00013 Feb 202427 Jun 2024135 Days
12 Lowcay Road, Southsea, Portsmouth, PO5 2QA£582,500£572,000-£10,50023 Feb 202426 Jun 2024124 Days
Flat 90, Holmbush Court, Queens Crescent, Southsea, Portsmouth, PO5 3HZ£135,000£122,000-£13,00019 Jan 202419 Jun 2024152 Days
Flat 87, Holmbush Court, Queens Crescent, Southsea, Portsmouth, PO5 3HZ£105,000£102,000-£3,00021 Mar 202407 Jun 202478 Days
5c, Albany Road, Southsea, Portsmouth, PO5 2AB£230,000£220,000-£10,00007 Sep 202328 May 2024264 Days
Flat 43, Holmbush Court, Queens Crescent, Southsea, Portsmouth, PO5 3HY£110,000£102,000-£8,00002 Oct 202324 May 2024235 Days
Flat 33, Homegrove House, Grove Road North, Southsea, Portsmouth, PO5 1HN£69,950£64,000-£5,95010 Nov 202315 May 2024187 Days
Flat 76, Holmbush Court, Queens Crescent, Southsea, Portsmouth, PO5 3HZ£150,000£140,000-£10,00019 Feb 202409 May 202480 Days

Most Expensive Streets in PO5 (Southsea)

PostcodeStreetAreaAverageNo. of Sales
PO5 2AGMerton RoadSouthsea£885,0003
PO5 3QRGrove Road SouthSouthsea£881,6663
PO5 3DPGarden LaneSouthsea£785,0003
PO5 2ANHillborough CrescentSouthsea£765,0003
PO5 1RRLorne RoadSouthsea£752,5004
PO5 3DHSt Edwards RoadSouthsea£743,3333
PO5 2ARNelson RoadSouthsea£614,6254
PO5 3DRWilberforce RoadSouthsea£602,3333
PO5 2HGVilliers RoadSouthsea£596,0005
PO5 2LZMalvern RoadSouthsea£592,8406

Least Expensive Streets in PO5 (Southsea)

PostcodeStreetAreaAverageNo. of Sales
PO5 1DUHomerose House, Cottage GroveSouthsea£66,21113
PO5 1HWHomegrove House, Grove Road NorthSouthsea£66,4166
PO5 4DQHomesea House, Green RoadSouthsea£71,2504
PO5 1HNHomegrove House, Grove Road NorthSouthsea£77,86615
PO5 4DGHomesea House, Green RoadSouthsea£78,20010
PO5 1PUVictoria Road NorthSouthsea£92,17814
PO5 4PNMorecambe Court, Rivers Street, SouthseaSouthsea£109,8333
PO5 3RAGrove Road SouthSouthsea£121,5007
PO5 2SUCunningham Court, Collingwood RoadSouthsea£125,7504
PO5 2NBMalvern RoadSouthsea£128,3734

Explore PO5 (Southsea) using map

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