marketcodeAsking rent
£1,052 a month 12 months to Jul 2026
589 lets
Postcode district
PO2 rental market
Asking rent £1,052 a month · Gross yield 5.0% · 12 months, listings to Aug 2026
What is PO2?
- Buildings
- 1,174
- Mixed-use buildings
- 2.4%
- HMO-shaped units
- 6.0%
What does PO2 earn?
PO2: asking rent £1,052 a month (12 months to Jul 2026, 589 lets).
Gross yield, asking basis
5.0% 12 months to Aug 2026
1,052 lets
-4.9% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
203 on 20 Sep 2026
How does PO2 vary by home size?
Asking rent in PO2 runs from £764 a month for 1 bedroom to £1,398 a month for 3 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £764 a month | 12 months to Aug 2026 | +1.1% on the previous 12 months | 488 |
| 2 bedrooms | £1,150 a month | 12 months to Aug 2026 | -1.2% on the previous 12 months | 270 |
| 3 bedrooms | £1,398 a month | 12 months to Aug 2026 | +1.8% on the previous 12 months | 223 |
| 4 bedrooms | Not published | — | — | — |
| 5+ bedrooms | Not published | — | — | — |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, over the last 12 observed 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 £1,052 a month.
Asking rent · postcode districts in City of Portsmouth
PO2 ranks 6th of 6 postcode districts in City of Portsmouth for asking rent, at £1,052 a month.
| # | Area | Asking rent | Sample | Tier |
|---|---|---|---|---|
| 1 | PO5 | £1,317 a month | 894 | measured |
| 2 | PO4 | £1,309 a month | 924 | measured |
| 3 | PO6 | £1,298 a month | 229 | measured |
| 4 | PO1 | £1,233 a month | 758 | measured |
| 5 | PO3 | £1,192 a month | 143 | measured |
| 6 | PO2 | £1,052 a month | 589 | 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 5.0%.
Where next from PO2?
- City of PortsmouthThe wider market this area sits in.
- PO1Neighbouring postcode district · £3,355/m²
- PO3Neighbouring postcode district · £3,206/m²
- PO4Neighbouring postcode district · £3,468/m²
- PO5Neighbouring postcode district · £2,720/m²
- PO6Neighbouring postcode district · £3,821/m²
- PO12Next door, in another authority · £3,495/m²
- PO16Next door, in another authority · £4,118/m²
- Homes for sale in PO2Live sale listings, the same place and cohort.
- Homes to rent in PO2Live lettings, the same place.
- Completed sales in PO2Registered completions, newest first.
- Planning applications in PO2Applications and decisions on record.
- Buildings in PO2Every building with its units, parcel and freeholder.
- Land in PO2Parcels, titles and adjacent ownership.
- Properties in PO2Every addressable home with its floor area, tenure and last sale.
- Estate agents in PO2Who actually lists here, ranked by volume over 12 months.
Questions about PO2
- What is the average rent in PO2?
- Homes to let in PO2 asked a median £1,052 a month over the 12 months to Jul 2026, 589 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in PO2?
- 5.0% 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 Aug 2026, 1,052 lets. -4.9% on the previous 12 months.
Where these figures come from
| Figure | Dataset | Window | Last month | Sample |
|---|---|---|---|---|
| Asking rent | MarketCode market evidence | 12 months to Jul 2026 | Jul 2026 | 589 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 1,052 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 20 Sep 2026 | 20 Sep 2026 | — |