Values have been changing and have risen £2,303 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,448 in last 6 months, £17,557 in last 1 year, £25,224 in last 2 years, £24,584 in last 3 years, £23,602 in last 4 years and £23,722 in last 5 years.
Currently average asking price of a property in Armory Lane, Portsmouth, PO1 is around £309,251 based on approximately 4 properties for sale. Same is the case with rental options based on 147 properties up for rent, average asking rent is around £1,208 per month.
Estimated property value in Armory Lane, Portsmouth, PO1 is £219,053. Average asking price is £309,251 while average price paid is £244,998 which is up by £17,557 and Avg. asking rent £1,208.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Armory Lane, Portsmouth, PO1 area. In last 1 year alone average price buyer paid is around £244,998 based on approximately 4 sales in Armory Lane, Portsmouth, PO1 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £206,624. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £187,642 for 14 and average amount paid for purchase of approx. 20 properties sold in last 7 years comes to about £196,949 per sale.