Property Data OutlookPO2
24,823 recorded transactions · Part of Portsmouth
Compare with another area →Market outlook for PO2
Key indicators for buyers
The PO2 market is moderately favourable for buyers. Affordability has improved from a peak of 7.4x in 2021 to 6.7x today. Rising rents (£1,349/mo, +2.5%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Portsmouth area
A home in Portsmouth costs 6.7x the local median salary — moderate, improving from a peak of 7.4x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Portsmouth area
Average monthly rent in Portsmouth is £1,349, up 2.5% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Portsmouth price of £238,996 with a 25% deposit (£60k), a 2-year fixed mortgage at 3.97% costs around £943 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses PO2 avg. price with Portsmouth rental data
Monthly mortgage payments (£943) are £406 less than renting (£1,349). However, buying requires an upfront deposit of £60k — it would take around 5 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
61, EMSWORTH ROAD, NORTH END PO2 0BS | Terraced | £198,000 | 23 Jan 2026 |
24, VALIANT GARDENS PO2 9NZ | Terraced | £290,000 | 20 Jan 2026 |
74, RANELAGH ROAD PO2 8HA | Terraced | £215,000 | 19 Jan 2026 |
154, CHICHESTER ROAD, NORTH END PO2 0AH | Terraced | £271,748 | 19 Jan 2026 |
61, SEYMOUR CLOSE PO2 7DA | Terraced | £225,000 | 19 Jan 2026 |
83, STRODE ROAD, STAMSHAW PO2 8PX | Terraced | £243,200 | 16 Jan 2026 |
64, SEAGROVE ROAD PO2 8AZ | Terraced |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.