Values have been changing and have risen £1,167 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,588 in last 6 months, £10,636 in last 1 year, £18,180 in last 2 years, £18,690 in last 3 years, £17,680 in last 4 years and £17,818 in last 5 years.
Currently average asking price of a property in Ranelagh Road, Portsmouth, PO2 is around £162,627 based on approximately 3 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 Ranelagh Road, Portsmouth, PO2 is £155,966. Average asking price is £162,627 while average price paid is £127,000 which is up by £10,636 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 Ranelagh Road, Portsmouth, PO2 area. In last 1 year alone average price buyer paid is around £127,000 based on approximately 3 sales in Ranelagh Road, Portsmouth, PO2 area alone. If you compare it to last 3 years sales of 14 properties where buyers paid around £121,428. 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 £124,999 for 19 and average amount paid for purchase of approx. 29 properties sold in last 7 years comes to about £126,103 per sale.