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Old Portsmouth market report PO1 2, Portsmouth
The PO1 2 (Old Portsmouth) house price history in full, 1995 to 2026, in cash and in today's money. This page is built from the public record and nothing else: 2,415 completed sales registered with HM Land Registry in PO1 2 (Portsmouth) since 1995, plus current ONS rental figures. There are no valuations, estimates or asking prices in it.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: the middle 2026 sale in PO1 2 (Portsmouth) came in at £290,000, out of 23 registered, down 17% on five years earlier, and the mean stands at £312,700, and by floor area homes here have averaged about £4,450 per square metre over the last five years. The record behind it is 2,415 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
A postcode sector like PO1 2 is a single group of streets within PO1 (Portsmouth), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where PO1 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
Today's PO1 2 prices, from the sold record
In the PO1 2 property market, the 2026 median sale price is £290,000, from 23 registered sales; the mean, the "average house price" most sites quote, is £312,700, sitting modestly above it, the usual shape of a market with an expensive tail.
PO1 2 prices by floor area
By floor space, homes in PO1 2 have sold for about £4,450 per square metre on average over the last five years: the like-for-like measure that lets you compare a small flat with a large house, from the Energy Performance Certificate floor areas behind each sale.
Set against the £285,000 England and Wales median, PO1 2 sits 2% above the national market.
A typical PO1 2 home, priced year by year (1995 to 2026)
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £290,000 | £290,000 | 23 |
| 2025 | £362,500 | £371,168 | 64 |
| 2024 | £371,500 | £394,981 | 58 |
| 2023 | £375,000 | £412,033 | 28 |
| 2022 | £350,000 | £410,415 | 53 |
| 2021 | £347,500 | £439,980 | 88 |
| 2020 | £365,000 | £473,595 | 48 |
| 2019 | £195,000 | £255,598 | 70 |
| 2018 | £262,500 | £349,917 | 78 |
| 2017 | £223,000 | £304,150 | 93 |
| 2016 | £242,500 | £339,260 | 62 |
| 2015 | £257,500 | £363,848 | 72 |
| 2014 | £260,000 | £368,855 | 74 |
| 2013 | £276,200 | £397,424 | 54 |
| 2012 | £227,000 | £334,116 | 45 |
| 2011 | £221,000 | £333,625 | 60 |
| 2010 | £262,000 | £410,883 | 52 |
| 2009 | £230,000 | £369,727 | 49 |
| 2008 | £197,500 | £323,744 | 54 |
| 2007 | £242,500 | £411,348 | 112 |
| 2006 | £239,800 | £416,262 | 82 |
| 2005 | £194,500 | £346,132 | 96 |
| 2004 | £225,000 | £408,644 | 106 |
| 2003 | £200,000 | £368,449 | 88 |
| 2002 | £171,200 | £322,111 | 128 |
| 2001 | £155,000 | £297,980 | 121 |
| 2000 | £114,000 | £223,725 | 89 |
| 1999 | £105,000 | £209,260 | 85 |
| 1998 | £98,000 | £197,820 | 109 |
| 1997 | £94,500 | £193,800 | 114 |
| 1996 | £78,400 | £165,342 | 90 |
| 1995 | £85,000 | £184,777 | 70 |
In cash terms the typical PO1 2 home went from £85,000 in 1995 to £290,000 in 2026, roughly 3.4 times the price. Even after inflation that is a real rise of about 57%: homes here genuinely became dearer, not merely more expensive on paper. In inflation-adjusted terms the high-water mark was 2020. The market now sits about 39% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the PO1 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2020 (+87.2% on the year before); the weakest, 2019 (−25.7%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What PO1 2 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −20.0% | −21.9% |
| 5 years (since 2021) | −3.6% | −8.0% |
| 10 years (since 2016) | +1.8% | −1.6% |
| 20 years (since 2006) | +1.0% | −1.8% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
Sales activity in PO1 2
How many homes change hands
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
The register shows 23 PO1 2 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 103 sales a year before the financial crisis and 45 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
Rents around PO1 2
The local authority for PO1 2 is Portsmouth, and its ONS average private rent currently stands at £1,366 a month (May 2026 figures). The spread runs from £899 a month for a typical one-bed to £1,961 at four-plus bedrooms, which is size doing most of the pricing.
Average monthly rent by size, Portsmouth
ONS Price Index of Private Rents, May 2026.
Set against the £290,000 median sold price, £1,366 a month is £16,392 a year, a gross yield of 5.7%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.
The shape of the PO1 2 market
Only 23 sales completed here in the last twelve months of data, which makes PO1 2 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing. Within PO1, this sector trades 32% above the district median: one of the dearer corners of its district.
Asked and answered: PO1 2 (Old Portsmouth)
Is PO1 2 (Old Portsmouth) a good place to buy a house?
How much did a house sell for in PO1 2 (Old Portsmouth)?
Are property prices falling in PO1 2 (Old Portsmouth)?
What happens to PO1 2 prices now?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is down 17% over five years in cash but down 34% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
What you could buy in PO1 now
This is what you could actually buy today: 30 homes currently on the market from 6 agents publishing to HomesIndex.
These cover the whole PO1 district, not just PO1 2: live asking prices are collected per district.
31% of what is on the market here is asking below what comparable homes actually sold for. Every listing is measured against recent recorded sales of similar nearby homes.
- Armory Lane, Gunwharf Quays, Portsmouth, PO1, Portsmouth
- Lion House, Portsmouth, Portsmouth
- Hampshire Street, Fratton, Portsmouth, PO1, Portsmouth
"Under comparable sales" means the asking price sits below what similar homes nearby actually fetched. Treat it as the start of a conversation, never a valuation, and always view the home.
See every PO1 home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
Moving up a bedroom in PO: the cost
What homes of each size actually sold for across the PO area, from the Land Registry record. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £350,000 | £475,000 (+36%) | £675,000 (+42%) | £900,000 (+33%) |
| Semi-detached | £273,250 | £305,000 (+12%) | £352,500 (+16%) | £430,000 (+22%) | £610,000 (+42%) |
| Terraced | £230,000 | £253,000 (+10%) | £290,000 (+15%) | £375,000 (+29%) | £498,750 (+33%) |
| Flat | £145,000 | £198,000 (+37%) | £290,000 (+46%) | £500,000 (+72%) | — |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit one size out. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
The spread across the PO area is the point: the same five years treated these districts very differently.
PO area districts: five years of change
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in PO1
A few minutes' walk can separate two very different markets. Here are PO1's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| PO1 1 | £240,000 | 2 |
| PO1 3 | £180,000 | 9 |
| PO1 4 | £225,000 | 3 |
| PO1 5 | £212,500 | 60 |
Zoom out to the full PO1 district report for the type split, monthly volumes and how PO1 compares with its neighbours.
Selling in PO1 2? Start from the sold record
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at PO1 2's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Estate agents working PO1 2: the featured spot on this report is free for founding agents, one per district. Claim PO1 2.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about PO1 2. Free, with a one click sign in.
See every individual PO1 2 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.