Thirty-seven live applications and £26.8m of pending GDV show a market where developers are working with what they already have rather than building new.
Portsmouth is the most densely populated city in England outside London and Britain's only island city, and the Q2 2026 pipeline reflects that geography. Developers are converting, extending and re-classing existing stock rather than chasing greenfield sites that do not exist within the city boundary.
Market data at a glance
Source: HM Land Registry Price Paid, rolling 12 months.
Source: HM Land Registry Price Paid Data. Median computed across all registered transactions per period.
Development pipeline
Construction of 10 buildings accommodating 34 dwellings, conversion of St Catherines to a single dwelling, conversion and alteration to Maurice Wing to accommodate 8 dwellings with Children's Day Nursery at Ground Floor and associated car parking and landscaping (Total 43 dwellings) Alternative proposals to Planning Permission 23/01089/FUL.
Change of use from C1 (Hotel) to a 18-bed/24-person House in Multiple Occupation (Sui Generis) with single storey rear extension
Retrospective application for change of use from hotel (Class C1) to 17-bed/ 17-person house in multiple occupation (Sui Generis)
Change of use of part ground floor (Class E) and upper floor (Class C3) to 9 bedroom/ 9 person House of Multiple Occupation (Sui Generis); external alterations to include construction of mansard roof and single storey rear extension
Change of use from 8-bed/8-person house in multiple occupation (Sui Generis) to 10-bed/10-person house in multiple occupation (Sui Generis) including construction of dormers to front and rear roofslopes and single storey rear extension
Change of use from dwellinghouse (Class C3), to seven bedroom/seven person House of Multiple Occupation (Sui Generis)
Source: Portsmouth City Council portal. GDV estimates use local sales medians by property type.
Sales activity
| Date | Address | Type | Tenure | Price |
|---|---|---|---|---|
30 July 2026 | FLAT 1, ADMIRALS PLACE, 50, HAVANT ROAD | F | L | £148,000 |
29 July 2026 | 129, LANDGUARD ROAD | T | F | £237,500 |
28 July 2026 | 5, EAST COURT | D | F | £500,000 |
27 July 2026 | 135, LANGSTONE ROAD | T | F | £385,000 |
27 July 2026 | 9, OWEN STREET | T | F | £258,000 |
27 July 2026 | 3, HOLLAND ROAD | T | F | £185,000 |
27 July 2026 | 132, HENDERSON ROAD | D | F | £315,000 |
24 July 2026 | 96, GUILDFORD ROAD | T | F | £210,000 |
Portsmouth is now a conversion market first and a development market second.
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Methodology: Pending GDV is estimated by multiplying declared unit counts by local sales medians for the corresponding property type. Approval rate is the share of decided applications (last 12 months) granted permission. Sold-price changes are year-on-year comparisons of the median sale price. Pipeline activity refers to residential development applications only — household extensions, conditions variations, and other non-development applications are excluded. Construction Capital is a trading name of Lenzie Consulting Ltd. (08174104).