Residential dwellings
18,811
Addressable residential units in the area (OS AddressBase).
PO2 rents and yields
Asking rent £1,048/month · Gross yield 4.9% · 12 months, listings to Sep 2026
What is PO2?
PO2: residential dwellings 18,811.
HMO-shaped dwellings
1.5%
PO2 ranks 3rd of 6 neighbouring postcode districts for HMO-shaped dwellings.
Share of dwellings OS AddressBase classifies RH01/RH02/RH03: laid out as a house in multiple occupation. A statement about built form, not about a licence.
- Buildings
- 14,838
- Mixed-use buildings
- 2.0%
- HMO-shaped units
- 1.4%
- EPC A or B
- 3.1%
- EPC D or worse
- 58%
What does PO2 earn?
PO2: asking rent £1,048/month (12 months to Sep 2026, 606 lets).
Asking rent
£1,048/month 12 months to Sep 2026
606 lets
Median asking rent per calendar month of residential lettings in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 606 lets.
Gross yield, asking basis
4.9% 12 months to Sep 2026
1,044 lets
-8% on the previous 12 months.
Cell asking rent × 12 over the same cell's asking sale price, before costs, voids and finance (cells with fewer than 5 dated listings are not built). 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 1,044 lets.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
256 on 4 Nov 2026
Count of live residential lettings on the day, from portal listings; observed forwards from 5 Sep 2026. The count on 4 Nov 2026; the daily series began on 5 Sep 2026, so no change over a year is stated.
How does PO2 vary by home size?
Asking rent in PO2 runs from £585/month for 5+ bedrooms to £1,396/month for 3 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £772/month | 12 months to Sep 2026 | +2.3% on the previous 12 months | 498 |
| 2 bedrooms | £1,136/month | 12 months to Sep 2026 | -2.8% on the previous 12 months | 260 |
| 3 bedrooms | £1,396/month | 12 months to Sep 2026 | +1.3% on the previous 12 months | 216 |
| 4 bedrooms | Not published | — | — | — |
| 5+ bedrooms | £585/month | 12 months to Oct 2022 · 6 of 12 months observed | — | 45 |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, within the last 12 calendar months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns PO2?
Corporate landlords hold 77% of the 1,320 units in PO2 whose freeholder is classified; 94% of all units are not yet classified.
- Corporate landlords77% of classified · 1,015 units
- Individuals (not traceable in bulk)17% of classified · 219 units
- Housing associations5.2% of classified · 69 units
- RMC1.3% of classified · 17 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does PO2 rank?
PO2 ranks 6th of 6 postcode districts in City of Portsmouth for asking rent, at £1,048/month.
Asking rent · postcode districts in City of Portsmouth
PO2 ranks 6th of 6 postcode districts in City of Portsmouth for asking rent, at £1,048/month.
| # | Area | Asking rent | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | PO4 | £1,305/month | 12 months to Sep 2026 · from monthly figures | 939 | measured |
| 2 | PO5 | £1,285/month | 12 months to Sep 2026 · from monthly figures | 991 | measured |
| 3 | PO1 | £1,258/month | 12 months to Sep 2026 · from monthly figures | 698 | measured |
| 4 | PO3 | £1,257/month | 12 months to Sep 2026 · from monthly figures | 155 | measured |
| 5 | PO6 | £1,253/month | 12 months to Sep 2026 · from monthly figures | 248 | measured |
| 6 | PO2 | £1,048/month | 12 months to Sep 2026 · from monthly figures | 606 | measured |
Full table: asking rent across postcode districts in City of Portsmouth
Gross yield, asking basis · postcode districts in City of Portsmouth
PO2 ranks 5th of 6 postcode districts in City of Portsmouth for gross yield, asking basis, at 4.9%.
| # | Area | Gross yield, asking basis | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | PO1 | 6.7% | 12 months to Sep 2026 · from monthly figures | 1,521 | measured |
| 2 | PO4 | 5.8% | 12 months to Sep 2026 · from monthly figures | 1,487 | measured |
| 3 | PO3 | 5.4% | 12 months to Sep 2026 · from monthly figures | 257 | measured |
| 4 | PO5 | 5.3% | 12 months to Sep 2026 · from monthly figures | 1,916 | measured |
| 5 | PO2 | 4.9% | 12 months to Sep 2026 · from monthly figures | 1,044 | measured |
Full table: gross yield, asking basis across postcode districts in City of Portsmouth
Where next from PO2?
- City of PortsmouthThe wider market this area sits in.
- PO1Neighbouring postcode district · Asking £3,310/m² · Sep 2026
- PO3Neighbouring postcode district · Asking £3,020/m² · Sep 2026
- PO4Neighbouring postcode district · Asking £3,047/m² · Sep 2026
- PO5Neighbouring postcode district · Asking £2,591/m² · Sep 2026
- PO6Neighbouring postcode district · Asking £3,748/m² · Sep 2026
- PO12Next door, in another authority · Asking £3,330/m² · Sep 2026
- PO16Next door, in another authority · Asking £4,100/m² · Sep 2026
Questions about PO2
- What is the average rent in PO2?
- Homes to let in PO2 asked a median £1,048/month over the 12 months to Sep 2026, 606 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in PO2?
- 4.9% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Sep 2026, 1,044 lets. -8% on the previous 12 months.
- What kind of homes are in PO2?
- PO2 has 18,811 homes, 1.5% laid out as houses in multiple occupation.
Construction costs Context for residential research
Sector and regional evidence. These figures are not a quote for an individual property.
Reading the cost index and the regional factors…
Everything else about PO2
- Property values in PO2Every addressable home with its floor area, tenure and last recorded sale.
- Land and development sites in PO2Registered land with its area, tenure and what stands on it.
- Houses and flats for sale in PO2What is on the market right now, with the evidence beside each asking price.
- Flats and houses to rent in PO2What is available to rent, with the recorded rent and yield beside each asking price.
- Sold house prices in PO2Registered completions from Price Paid, newest first.
- Planning applications in PO2What was proposed, who decided it and whether it was approved.
- Estate agents in PO2Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Residential dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| HMO-shaped dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| Asking rent | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 606 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 1,044 lets |
| Homes to rent | Portal listings; observed forwards from 5 Sep 2026 | on 4 Nov 2026 | 4 Nov 2026 | — |