Property Data OutlookPO3
11,594 recorded transactions · Part of Portsmouth
Compare with another area →Market outlook for PO3
Key indicators for buyers
The PO3 market is moderately favourable for buyers. Prices are rising at 26.2%, which may favour acting sooner rather than later. 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 £337,875 with a 25% deposit (£84k), a 2-year fixed mortgage at 3.97% costs around £1,333 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses PO3 avg. price with Portsmouth rental data
Monthly mortgage payments (£1,333) are £16 less than renting (£1,349). However, buying requires an upfront deposit of £84k — it would take around 9 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 |
|---|---|---|---|
64, GREEN LANE PO3 5EZ | Terraced | £373,000 | 26 Jan 2026 |
14, SEATON AVENUE, COPNOR PO3 6LG | Semi-detached | £355,000 | 23 Jan 2026 |
FURNEAUX RIDDALL & CO LTD, ALCHORNE PLACE PO3 5PA | Other | £415,000 | 20 Jan 2026 |
24, CHASEWATER AVENUE PO3 6JD | Terraced | £260,000 | 19 Jan 2026 |
47, WESLEY GROVE PO3 5ER | Terraced | £275,000 | 16 Jan 2026 |
180, STRIDE AVENUE, BAFFINS PO3 6HW | Semi-detached | £450,000 | 13 Jan 2026 |
95, LICHFIELD ROAD PO3 6DF | 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.