Portsmouth Property Market Overview
Naval city with waterfront development opportunities and strong rental demand from military personnel
The Portsmouth property market recorded 1,948 residential sales over the past 12 months, with a median sale price of £252,500. This places Portsmouth £90k below the Hampshire county median of £342,500, and £33k below the UK national median of £285,000.
Prices in Portsmouth have shown modest growth, with a year-on-year change of +1%. Within Hampshire, Portsmouth ranks 9th by price out of 10 principal towns, and 2nd by transaction volume.
Portsmouth House Prices by Property Type
Property prices in Portsmouth vary significantly by type. The table below compares Portsmouth prices with Hampshire county averages and UK national figures.
| Type | Portsmouth | Hampshire Avg | UK Avg |
|---|---|---|---|
| Detached | £530,000 | £560,624 | £420,000 |
| Semi-detached | £335,000 | £365,000 | £265,000 |
| Terraced | £260,000 | £297,500 | £230,000 |
| Flat | £165,000 | £177,500 | £225,000 |
Detached homes in Portsmouth command £530,000, while flat properties are most accessible at £165,000. The £365k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Portsmouth
Portsmouth recorded 0 new-build transactions in the past 12 months, representing 0.0% of total sales. New-build supply is limited, potentially indicating either planning constraints or an untapped opportunity for developers.
New-build properties in Portsmouth traded at a discount of 100.0% versus existing stock. Developers should focus on specification, design quality, and location to maximise values above comparable second-hand stock.
Across the wider Hampshire market, 175 new-build completions were recorded — see our Hampshire property market report for the full county picture.
Recent Property Sales in Portsmouth
The following table shows the most recent property transactions recorded in Portsmouth, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £321,700 | O | PO2 7HW | 2026-02-25 | Existing |
| £367,000 | Terraced | PO4 9JW | 2026-02-25 | Existing |
| £218,000 | Terraced | PO6 1NB | 2026-02-20 | Existing |
| £378,500 | Terraced | PO4 8AG | 2026-02-20 | Existing |
| £190,000 | Flat | PO4 9DZ | 2026-02-20 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £190,000 to £378,500 illustrates the breadth of the Portsmouth market.
Development Finance in Portsmouth
For developers considering Portsmouth, the local market data translates directly into finance structuring. With a median value of £252,500 and detached homes at £530,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a Portsmouth scheme with a GDV of £530,000 would attract senior debt of approximately £344,500 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
With prices rising 1% year-on-year, Portsmouth presents a supportive environment for new development. Lenders view positive price momentum favourably when assessing loan applications.
Ready to develop in Portsmouth? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Portsmouth Compared to Nearby Hampshire Towns
To put Portsmouth's market in context, the table below compares it with similarly-priced towns across Hampshire:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Portsmouth | £252,500 | 1,948 | +1% |
| Southampton | £248,250 | 2,506 | -2.6% |
| Eastleigh | £330,000 | 1,445 | -4.3% |
| Aldershot | £336,000 | 382 | +4.2% |
| Fareham | £340,000 | 1,337 | -2.9% |
| Andover | £345,000 | 1,323 | -5.5% |
For the full Hampshire town-by-town breakdown, see our comprehensive Hampshire property market report.
Finance Solutions
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From 12% p.a. · Up to 85-90% LTGDVRelated Reports
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5 min readFrequently Asked Questions
What is the average house price in Portsmouth?
The median house price in Portsmouth is £252,500, based on 1,948 transactions over the past 12 months. Detached homes average £530,000 while flat properties average £165,000.
Are house prices rising or falling in Portsmouth?
House prices in Portsmouth are rising at +1% year-on-year. This positive trend suggests sustained buyer demand. The wider Hampshire market is falling at -2%.
How many properties sold in Portsmouth recently?
Portsmouth recorded 1,948 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Portsmouth?
Developers in Portsmouth can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.