Values have been changing and have risen £1,408 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,327 in last 6 months, £12,828 in last 1 year, £21,928 in last 2 years, £22,541 in last 3 years, £21,322 in last 4 years and £21,487 in last 5 years.
Currently average asking price of a property in Derby Road, Portsmouth, PO2 is around £162,627 based on approximately 1 properties for sale. Same is the case with rental options based on 80 properties up for rent, average asking rent is around £677 per month.
Estimated property value in Derby Road, Portsmouth, PO2 is £183,639. Average asking price is £162,627 while average price paid is £257,000 which is up by £12,828 and Avg. asking rent £677.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 Derby Road, Portsmouth, PO2 area. In last 1 year alone average price buyer paid is around £257,000 based on approximately 1 sales in Derby Road, Portsmouth, PO2 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £158,285. 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 £177,222 for 9 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £178,749 per sale.