PO2 0TL is a residential postcode situated on Merrivale Road, Portsmouth, PO2 with 33 addresses.
It ranks as the 471st largest and 649th most expensive of the 697 postcodes in the PO2 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 33 properties: 33 houses.
PO2 0TL is a residential postcode situated on Merrivale Road, Portsmouth, PO2 with 33 addresses.
It ranks as the 471st largest and 649th most expensive of the 697 postcodes in the PO2 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 33 properties: 33 houses.
Sale prices range from £234,896 for 3 bedroom freehold houses with a garden (1,044 ft2) to £394,725 for 4 bedroom freehold houses with a garden (1,506 ft2) .
Monthly rental prices range from £1,385 pcm for 3 bed houses to £1,948 pcm for 4 bed houses.
The gross rental yield is between 5.9% and 7.1%.
The average value per square foot is £302.
The last sale in PO2 0TL sold for £375,000 on 20th January 2025. Since then prices are down an average of 2.1%.
The current average value in the postcode is £329,315.
The PO2 0TL Sales Market has increased by 32.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.9% | £329,315 |
| April 2025 | 0.3% | £335,848 |
| April 2024 | -3% | £334,903 |
| April 2023 | 1.9% | £345,325 |
| April 2022 | 11.8% | £338,818 |
| April 2021 | 6.2% | £303,009 |
| April 2020 | 2.1% | £285,325 |
| April 2019 | 1% | £279,359 |
| April 2018 | 4.2% | £276,665 |
| April 2017 | 6.6% | £265,470 |
| April 2016 | 9.6% | £249,019 |
| April 2015 | 7.8% | £227,136 |
| April 2014 | 7.1% | £210,738 |
| April 2013 | 4.3% | £196,837 |
| April 2012 | 1.1% | £188,693 |
| April 2011 | -0.8% | £186,553 |
| April 2010 | 8.6% | £188,048 |
| April 2009 | -12.8% | £173,152 |
| April 2008 | -1.5% | £198,624 |
| April 2007 | 0% | £201,728 |
The current average rental value in the postcode is £1,655.
The PO2 0TL Rental Market has increased by 59.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.3% | £1,655pcm |
| April 2025 | 5% | £1,603pcm |
| April 2024 | 6.4% | £1,527pcm |
| April 2023 | 9% | £1,435pcm |
| April 2022 | 12.1% | £1,316pcm |
| April 2021 | 5.8% | £1,174pcm |
| April 2020 | 3.1% | £1,110pcm |
| April 2019 | 2% | £1,077pcm |
| April 2018 | 0.3% | £1,056pcm |
| April 2017 | 1.7% | £1,053pcm |
| April 2016 | 5.4% | £1,035pcm |
| April 2015 | 4% | £982pcm |
| April 2014 | 2.3% | £945pcm |
| April 2013 | 4.8% | £924pcm |
| April 2012 | 3.4% | £881pcm |
| April 2011 | 2.8% | £852pcm |
| April 2010 | 4.3% | £829pcm |
| April 2009 | -2.4% | £795pcm |
| April 2008 | 4% | £815pcm |
| April 2007 | 0% | £783pcm |
The last sale was on 20th January 2025 for £375,000 and since then the market in the area has decreased by 2.1%. The postcode has had a total of 43 sales since 1995.
PO2 0TL has seen 2 sales in the last three years and no sales in the last twelve months.
PO2 0TL is the 471st largest and the 649th most expensive postcode out of the 697 postcodes in the PO2 area.
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The closest station to PO2 0TL is Hilsea station which is 700 metres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around PO2 0TL, 46.3% of property is privately owned outright and 44.0% is privately owned with a mortgage.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around PO2 0TL, 16.9% of residents are recorded as possessing school level qualifications and 33.3% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around PO2 0TL, the average age was 42.4 and the most common age was 57.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around PO2 0TL, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around PO2 0TL, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.