Average Price for property in Portsmouth is around £204,348 which varies based on type of property you are interested in and ranges from £375,300 for detached house to around £232,952 for semi-detached. Similarly terraced house is around £191,353 and a flat is worth £174,835. Values have been changing and have risen £2,553 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,711 in last 6 months, £20,861 in last 1 year, £26,858 in last 2 years, £26,364 in last 3 years, £30,572 in last 4 years and £25,670 in last 5 years.
Currently average asking price of a property in Portsmouth is around £226,841 based on approximately 1,737 properties for sale. Same is the case with rental options based on 308 properties up for rent, average asking rent is around £1,122 per month.
Estimated property value in Portsmouth is £204,348. Average asking price is £226,841 while average price paid is £182,466 which is up by £20,861 and Avg. asking rent £1,122.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 Portsmouth area. In last 1 year alone average price buyer paid is around £182,466 based on approximately 1,737 sales in Portsmouth area alone. If you compare it to last 3 years sales of 4,899 properties where buyers paid around £172,832. 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 £170,509 for 7,776 and average amount paid for purchase of approx. 10,731 properties sold in last 7 years comes to about £169,478 per sale.