A guide on houses for sale in Portsmouth

Portsmouth might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Hampshire.
Before looking for a house for sale in the city of Portsmouth we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Portsmouth.

Professional advice for houses for sale in Portsmouth

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

• Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
• Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
• Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
• Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
• Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
• Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

Finding the ideal house for sale for you

When browsing houses for sale in Portsmouth you should think about lots of different criteria:

• House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

• Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

• House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

• Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

• energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

• Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

• Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

• Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

• Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

What are the people like in Portsmouth?

In Portsmouth, what is the crime rate?

Within Portsmouth, the number of people committing crimes is 165 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 165 figure carefully.

In Portsmouth, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Portsmouth, currently, 28% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

What does the population of Portsmouth look like?

In total, the number of people in Portsmouth is 203,675. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Portsmouth, depending on where exactly you are.

How has Portsmouth changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Portsmouth has changed by 2%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 2% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Portsmouth?

6% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Portsmouth have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

How much are those living in Portsmouth earning?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£40,833 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 19% for Portsmouth.

What is a social grade score and how does this relate to Portsmouth?

In the city of Portsmouth and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Portsmouth has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 19%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

In the city of Portsmouth, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Hampshire for example.

These demographics for Portsmouth may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Portsmouth in South East.

Do the people of Portsmouth get to enjoy green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Portsmouth, 8.5 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Portsmouth.

What is the education level like in Portsmouth?

The number of people as a percentage who have been through university and gained a degree is 23%. The ability to buy a home is greatly influenced by the number of people who have degrees. £40,833 is the amount people in Portsmouth are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Portsmouth, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

Asking price in Portsmouth for a house for sale

Average prices for the houses for sale in Portsmouth

After looking at this table about prices of houses for sale in Portsmouth, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £1,663 will help them to have a more holistic understanding.

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Portsmouth determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £289,271.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Portsmouth.

What’s the rental yield in general for the city of Portsmouth?

Are there new houses being built in Portsmouth to make it grow?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Portsmouth that shows the growth in recent years.

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Portsmouth is important.

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Portsmouth. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Portsmouth.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Hampshire), a regional level (South East) and finally on the level of the city talked about in this article, Portsmouth.

You may also find it useful to compare the data above to the number of properties sold per month Portsmouth experiences. This figure for house sales per month is 163. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

What is the final sale price of a house in Portsmouth?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Portsmouth. In Portsmouth, this sale price works out to be £229,164. As an example, a factor like population growth over the last 10 years which works out to be 6% in Portsmouth and impacts house prices of the houses for sale.

Above, the exact type of house is also shown to vary in price in a table in Portsmouth. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Portsmouth which is £2,767. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

Thinking about other cities with houses for sale?

You can assess the various houses for sale offered in the area by consulting this list of cities in South East, the same UK region as Portsmouth:

• Chichester in South East
• Eastchurch in South East
• East-Oakley in South East
• Bodle-Street-Green in South East
• Bray in South East

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK