Penny Street, Portsmouth, PO1

Street Guide For Penny Street, Portsmouth, PO1

 

Penny Street, Portsmouth, PO1 Map

Estimated Price: £377,099
Average Asking Price: £309,251
Price change in last one year: £30,912
Average Price Paid: £266,875
Average Rent Rates: £1,208

 

Property Prices Breakdown in Penny Street, Portsmouth, PO1

Average Price for property in Penny Street, Portsmouth, PO1 is around £377,099 which varies based on type of property you are interested in and ranges from £588,874 for detached house to around £320,015 for semi-detached. Similarly terraced house is around £368,607 and a flat is worth £349,267. Values have been changing and have risen £4,054 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £13,114 in last 6 months, £30,912 in last 1 year, £44,410 in last 2 years, £43,279 in last 3 years, £41,545 in last 4 years and £41,754 in last 5 years.

Currently average asking price of a property in Penny Street, Portsmouth, PO1 is around £309,251 based on approximately 3 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 Penny Street, Portsmouth, PO1 is £377,099. Average asking price is £309,251 while average price paid is £374,000 which is up by £30,912 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 Penny Street, Portsmouth, PO1 area. In last 1 year alone average price buyer paid is around £374,000 based on approximately 3 sales in Penny Street, Portsmouth, PO1 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £319,062. 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 £266,875 for 12 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £268,033 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £161,910, £290,873 for a 3 bedroom house and £480,818 for a 4 bedroom house. For a flat similarly the prices varies from £144,560 for a single bedroom to £283,170 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £287,500. To sum up the asking prices for properties in Penny Street, Portsmouth, PO1 it comes to around average £144,560 for 1 bedroom property, £250,449 for 2 bedroom, £290,498 for 3 bedroom and £480,818 for 4 bedroom.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £744 for 2 bedroom to £890 for 3 bedroom, £1,266 for 4 bedroom and £1,797 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £665. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £979, £1,476 for 3 bedroom, £1,325 for 4 bedroom and around £1,876 for 5 bedroom flat. You should be generally be expecting around average £665 rent per month for single bedroom property, £961 for 2 bedroom, £973 for 3 bedroom, £1,275 for 4 bedroom and approximately £1,809 for a 5 bedroom property in Penny Street, Portsmouth, PO1 area.

Popular Houses in Penny Street, Portsmouth, PO1

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Penny Street, Portsmouth, PO1