Palmerston Way - PO12 2LY
Key Postcode Insights
PO12 2LY is a residential postcode situated on Palmerston Way, Gosport, PO12 with 26 addresses.
It ranks as the 568th largest and 969th most expensive of the 973 postcodes in the PO12 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 26 properties: 26 houses.
- Ave. Sale Price
- £824,955
- 10 Year change
- up 32.6%
- Ave. Rental Price
- £3,571pcm
- 10 Year change
- up 58.9%
- Ave. £ per ft²
- £399/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Key Postcode Insights
PO12 2LY is a residential postcode situated on Palmerston Way, Gosport, PO12 with 26 addresses.
It ranks as the 568th largest and 969th most expensive of the 973 postcodes in the PO12 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 26 properties: 26 houses.
- Ave. Sale Price
- £824,955
- 10 Year change
- up 32.6%
- Ave. Rental Price
- £3,571pcm
- 10 Year change
- up 58.9%
- Ave. £ per ft²
- £399/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Explore Propertiesin PO12 2LY
- 1 Palmerston Way
5 Bed Early-century House
- 3 Palmerston Way
5 Bed House
- 5 Palmerston Way
4 Bed Modern House
- 7 Palmerston Way
5 Bed Modern House
- 9 Palmerston Way
Unknown
Sales Market Trends
The last sale in PO12 2LY sold for £850,000 on 18th November 2024. Since then prices are down an average of 2.4%.
The current average value in the postcode is £824,955.
The PO12 2LY Sales Market has increased by 32.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.2% | £824,955 |
| June 2025 | 1.9% | £852,645 |
| June 2024 | -0.7% | £836,716 |
| June 2023 | -0.3% | £842,590 |
| June 2022 | 12.7% | £845,353 |
| June 2021 | 6.3% | £750,182 |
| June 2020 | 1.6% | £705,754 |
| June 2019 | 0.6% | £694,592 |
| June 2018 | 3.6% | £690,110 |
| June 2017 | 7.1% | £665,971 |
| June 2016 | 9.4% | £622,066 |
| June 2015 | 5.6% | £568,658 |
| June 2014 | 6.2% | £538,481 |
| June 2013 | 1% | £507,062 |
| June 2012 | 1.4% | £502,096 |
| June 2011 | -1.7% | £495,113 |
| June 2010 | 9.9% | £503,644 |
| June 2009 | -6.8% | £458,303 |
| June 2008 | -1.9% | £491,774 |
| June 2007 | 0% | £501,062 |
Rental Market Trends
The current average rental value in the postcode is £3,571.
The PO12 2LY Rental Market has increased by 58.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.5% | £3,571pcm |
| June 2025 | 3.1% | £3,518pcm |
| June 2024 | 8.5% | £3,413pcm |
| June 2023 | 8.9% | £3,145pcm |
| June 2022 | 9.2% | £2,889pcm |
| June 2021 | 7.8% | £2,645pcm |
| June 2020 | 3.1% | £2,453pcm |
| June 2019 | 1.9% | £2,379pcm |
| June 2018 | 1.7% | £2,336pcm |
| June 2017 | 2.2% | £2,296pcm |
| June 2016 | 4.3% | £2,247pcm |
| June 2015 | 3.3% | £2,154pcm |
| June 2014 | 2.3% | £2,085pcm |
| June 2013 | 0.7% | £2,039pcm |
| June 2012 | 1.8% | £2,024pcm |
| June 2011 | 2% | £1,989pcm |
| June 2010 | 8.1% | £1,949pcm |
| June 2009 | -0.8% | £1,804pcm |
| June 2008 | 2.5% | £1,818pcm |
| June 2007 | 0% | £1,773pcm |
Sales History
The last sale was on 18th November 2024 for £850,000 and since then the market in the area has decreased by 2.4%. The postcode has had a total of 22 sales since 1995.
PO12 2LY has seen 4 sales in the last three years and no sales in the last twelve months.
- Sold Nov 2024£850,000 | 5 Bed House17, Palmerston Way, Gosport, PO12 2LY17, Palmerston Way, Gosport, PO12 2LY
- Sold Sep 2024£1,160,000 | 5 Bed House1, Palmerston Way, Gosport, PO12 2LY1, Palmerston Way, Gosport, PO12 2LY
- Sold Feb 2024£875,000 | 5 Bed House13, Palmerston Way, Gosport, PO12 2LY13, Palmerston Way, Gosport, PO12 2LY
- Sold Jul 2023£965,000 | 4 Bed House27, Palmerston Way, Gosport, PO12 2LY27, Palmerston Way, Gosport, PO12 2LY
- Sold Feb 2018£770,000 | 5 Bed House33, Palmerston Way, Gosport, PO12 2LY33, Palmerston Way, Gosport, PO12 2LY
Nearby Postcodes
PO12 2LY is the 568th largest and the 969th most expensive postcode out of the 973 postcodes in the PO12 area.
- PO12 2LZ, Palmerston Way, Gosport, PO12PO12 2LZ25 Addresses|36 m away
- PO12 2NL, Kennedy Crescent, Gosport, PO12PO12 2NL29 Addresses|130 m away
- PO12 2NN, Kennedy Crescent, Gosport, PO12PO12 2NN16 Addresses|131 m away
- PO12 2NA, The Spur, Gosport, PO12PO12 2NA8 Addresses|167 m away
- PO12 2NQ, Western Way, Gosport, PO12PO12 2NQ21 Addresses|204 m away
Property Types
- 3 modern houses built after 1980
- 1 mid-century house built between 1936 and 1979
- 1 house of an unknown age
- 13 early-century houses built between 1912 and 1935
- 8 other addresses of unknown type
- modern house (3)
- mid-century house (1)
- house (1)
- early-century house (13)
- Unknown (8)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 17 properties.
- The most common rating is D.
- A (0)
- E (1)
- B (1)
- F (1)
- C (2)
- G (0)
- D (12)
- No EPC (9)
Top 3 Most Expensive Sales
- Sold Sep 2024£1,160,000 | 5 Bed House1, Palmerston Way, Gosport, PO12 2LY1, Palmerston Way, Gosport, PO12 2LY
- Sold Jul 2023£965,000 | 4 Bed House27, Palmerston Way, Gosport, PO12 2LY27, Palmerston Way, Gosport, PO12 2LY
- Sold Feb 2024£875,000 | 5 Bed House13, Palmerston Way, Gosport, PO12 2LY13, Palmerston Way, Gosport, PO12 2LY
Schools Nearby
- Alverstoke Community Infant and Pre-School600 m away
- Alverstoke Church of England Aided Junior School800 m away
- King's Academy Gomer800 m away
- King's Academy Bay House600 m away
- King's Academy Brune Park2.8 km away
- Bridgemary School4.5 km away
More reading links
Public Transport Nearby
The closest station to PO12 2LY is Portsmouth Harbour station, which is 3.7 kilometres away.
- Portsmouth Harbour|3.7 km away
- Southsea Hoverport|4.0 km away
- Portsmouth & Southsea|4.9 km away
- Ryde Pier Head|5.1 km away
