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Milton market report PO4, Southsea
The standing PO4 (Milton) property market report, rebuilt from the full public record every month. Underneath every chart here sit 28,444 registered sales in PO4 (Southsea) since 1995, the HM Land Registry record of what buyers really paid, with ONS figures covering rents. Nothing is a valuation, an estimate or an asking price.
Sales data to August 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh. Page updated 19 October 2026.
In short: the 2026 median for PO4 (Southsea) is £261,200, from 300 registered sales, up 8% on five years earlier; the mean is £277,900, and by floor area homes here have averaged about £3,300 per square metre over the last five years. Behind the figures sit 28,444 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
The postcode district PO4 covering Milton, Eastney, Southsea sits in Southsea. A district is the workhorse unit for reading a market: local enough to be meaningful, busy enough that the medians rest on a steady flow of sales.
Where PO4 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.
What PO4 homes really sell for
Across 300 registered 2026 sales, the typical (median) PO4 home went for £261,200. The mean is £277,900, a little above it, the familiar pattern where pricier homes stretch the average.
Price per square metre in PO4
The last five years of sales put PO4 at roughly £3,300 per square metre. That figure, built from each sale's Energy Performance Certificate floor area, is the one that makes a small flat and a big house comparable.
Set against the £285,000 England and Wales median, PO4 sits 8% below the national market.
The price of a typical PO4 home, 1995 to 2026
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £261,200 | £261,200 | 300 |
| 2025 | £266,800 | £273,180 | 630 |
| 2024 | £265,000 | £281,749 | 613 |
| 2023 | £265,000 | £291,170 | 559 |
| 2022 | £270,000 | £316,606 | 719 |
| 2021 | £242,000 | £306,403 | 845 |
| 2020 | £225,000 | £291,942 | 599 |
| 2019 | £225,000 | £294,921 | 648 |
| 2018 | £227,500 | £303,262 | 720 |
| 2017 | £225,000 | £306,877 | 746 |
| 2016 | £196,800 | £275,325 | 818 |
| 2015 | £180,000 | £254,340 | 833 |
| 2014 | £172,200 | £244,296 | 853 |
| 2013 | £160,000 | £230,224 | 714 |
| 2012 | £156,800 | £230,790 | 620 |
| 2011 | £155,000 | £233,990 | 562 |
| 2010 | £159,500 | £250,137 | 612 |
| 2009 | £148,000 | £237,911 | 654 |
| 2008 | £152,500 | £249,980 | 588 |
| 2007 | £166,000 | £281,582 | 1,395 |
| 2006 | £155,000 | £269,060 | 1,376 |
| 2005 | £150,000 | £266,940 | 1,040 |
| 2004 | £145,000 | £263,348 | 1,098 |
| 2003 | £128,000 | £235,807 | 1,181 |
| 2002 | £110,000 | £206,964 | 1,343 |
| 2001 | £86,000 | £165,331 | 1,272 |
| 2000 | £78,500 | £154,056 | 1,316 |
| 1999 | £65,000 | £129,542 | 1,327 |
| 1998 | £58,500 | £118,086 | 1,166 |
| 1997 | £55,000 | £112,794 | 1,362 |
| 1996 | £50,000 | £105,448 | 1,017 |
| 1995 | £48,500 | £105,432 | 918 |
In cash terms the typical PO4 home went from £48,500 in 1995 to £261,200 in 2026, roughly 5 times the price. Even after inflation that is a real rise of about 148%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2022, and today's median remains roughly 17% under it: a 2022 buyer is still waiting to get that price back in today's money.
Year-on-year change in the PO4 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 2002 (+27.9% on the year before); the weakest, 2008 (−8.1%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of terraced homes dominate the record here, 70% of the typed total. A detached home currently trades at £440,000 against £162,500 for a flat, 2.7 times the price.
Median by property type, PO4
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £440,000 | 5 | 586 |
| Semi-detached | £419,500 | 20 | 1,709 |
| Terraced | £272,500 | 213 | 20,029 |
| Flats | £162,500 | 62 | 6,120 |
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 year (since 2025) | −2.1% | −4.4% |
| 5 years (since 2021) | +1.5% | −3.1% |
| 6 years (since 2020) | +2.5% | −1.8% |
| 10 years (since 2016) | +2.9% | −0.5% |
| 20 years (since 2006) | +2.6% | −0.1% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
Sales activity in PO4
Sales per year, counted
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
The monthly pulse, last five years
Monthly registrations. The sawtooth is seasonal; the register runs weeks behind completions at the right-hand edge.
Over the last twelve months of data, 519 sales completed in PO4. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 1,253 sales a year before the financial crisis and 564 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
What homes rent for around PO4
PO4 falls under Portsmouth, where the ONS puts the average private rent 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.
Against the £261,200 median purchase price, a rent of £1,366 a month (£16,392 a year) works out at a 6.3% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
Asked and answered: PO4 (Milton)
Is PO4 (Milton) a good place to buy a house?
How much did a house sell for in PO4 (Milton)?
Are property prices falling in PO4 (Milton)?
What happens to PO4 prices now?
No honest page predicts prices, so this one sticks to the record: the median is up 8% over five years in cash but down 15% after inflation. Anyone weighing a purchase should read the volume chart with the price chart, remembering that these are completed sales, registered weeks after the deals were actually struck.
What you could buy in PO4 now
Everything above is what homes in PO4 sold for. The live side of the market holds 30 homes at the moment, listed by 5 agents publishing to HomesIndex, at a typical asking price 10% above the PO4 median sold price.
PO4 registered 519 sales in the last twelve months; the 30 homes listed now would take about 3 weeks to clear at that rate. The count covers agents publishing to HomesIndex, so the real stock is larger. That is a thin shelf: buyers here are choosing from little, and a well priced home is unlikely to wait long.
Of everything listed here, 24% asks less than the sold record of comparable homes. Each listing is compared with recent recorded sales of similar homes nearby.
- Flat 6, Priory Court Fawcett Road, Southsea
- Alhambra Road, Southsea, Portsmouth, PO4, Portsmouth
- Manners Road, Southsea, Portsmouth
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every PO4 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
What is for sale against what sells in PO4
In PO4, terraced homes made up 72% of recent sales yet only 35% of today's listings. Demand outrunning supply for a type is the clearest sign a fairly priced one will go quickly.
| Type | Share of homes for sale now | Share of sales, 2024 and 2025 |
|---|---|---|
| Detached | 0% | 1% |
| Semi-detached | 8% | 5% |
| Terraced | 35% | 72% |
| Flats | 58% | 22% |
Listings are the homes agents publish to HomesIndex today; sales are HM Land Registry registrations. A listing whose type does not say detached, semi-detached, terraced or flat (a plain "house", a bungalow, a park home) is left out of the listing shares.
Month by month: when PO4 sells
Across the 3,366 sales completed in PO4 from 2021 to 2025, September was the busiest month for completions (11.0% of the total) and January the quietest (6.4%). That is a marked seasonal rhythm. A sale completes weeks after it is agreed, so the busy month reflects deals struck earlier in the year; a seller who wants competition should be on the market ahead of it.
Sales by month, 2021 to 2025
| Month | Sales | Share |
|---|---|---|
| January | 215 | 6.4% |
| February | 258 | 7.7% |
| March | 360 | 10.7% |
| April | 219 | 6.5% |
| May | 252 | 7.5% |
| June | 311 | 9.2% |
| July | 238 | 7.1% |
| August | 347 | 10.3% |
| September | 371 | 11.0% |
| October | 265 | 7.9% |
| November | 269 | 8.0% |
| December | 261 | 7.8% |
Bedroom by bedroom: PO prices by size
What homes of each size actually sold for across the PO area, from the Land Registry record. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | £320,000 | £364,250 (+14%) | £420,000 (+15%) | £510,000 (+21%) | £640,000 (+25%) |
| Semi-detached | £270,000 | £300,000 (+11%) | £326,000 (+9%) | £380,000 (+17%) | £445,000 (+17%) |
| Terraced | £225,000 | £245,000 (+9%) | £270,000 (+10%) | £318,250 (+18%) | £385,000 (+21%) |
| Flat | £134,000 | £182,500 (+36%) | £250,000 (+37%) | £325,000 (+30%) | £433,375 (+33%) |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land one size out. Where too few homes exist to say anything meaningful, the cell is blank.
The risers and the fallers
PO4 ranks 10 of 34 in the PO area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
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.
Inside PO4, sector by sector
The next slice down is the postcode sector: a group of streets, each with its own report. Two sectors a short walk apart can trade at sharply different prices.
How PO4 compares nearby
Same city, different markets. The neighbouring districts of the PO area, dearest first:
| District | Median | 5-year |
|---|---|---|
| PO18 | £477,500 | +8% |
| PO41 | £450,000 | +21% |
| PO10 | £415,000 | +5% |
| PO34 | £400,000 | +11% |
| PO20 | £372,000 | +1% |
| PO8 | £360,000 | +4% |
| PO19 | £355,000 | -3% |
| PO11 | £340,000 | -7% |
| PO35 | £340,000 | -19% |
| PO14 | £332,000 | +5% |
| PO15 | £331,500 | +2% |
| PO16 | £327,500 | +13% |
| PO7 | £326,200 | +2% |
| PO22 | £326,200 | +0% |
| PO21 | £303,800 | +3% |
| PO6 | £300,000 | +3% |
| PO9 | £295,000 | +5% |
| PO31 | £287,500 | +9% |
| PO13 | £282,500 | +12% |
| PO17 | £280,000 | -20% |
| PO3 | £275,000 | +11% |
| PO38 | £274,500 | -5% |
| PO37 | £264,000 | -6% |
| PO4 (this report) | £261,200 | +8% |
Selling in PO4? Start from the sold record
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in PO4, use the average prices map for a rough value: zoom from PO4's shading down to the sold homes on your own street. The figures above are every recorded PO4 sale; agents price with this same Land Registry record, and now you have it too.
Go deeper
Behind the answers sits the same Land Registry record as this page, with PO4 already set as the subject. Free, one click sign in.
Two maps carry on from here: every PO4 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices 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.