Wallace Road - PO2 7LA
Key Postcode Insights
PO2 7LA is a residential postcode situated on Wallace Road, Portsmouth, PO2 with 26 addresses.
It ranks as the 369th largest and 512th most expensive of the 697 postcodes in the PO2 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 26 properties: 26 houses.
- Ave. Sale Price
- £269,110
- 10 Year change
- up 33.8%
- Ave. Rental Price
- £1,512pcm
- 10 Year change
- up 60.3%
- Ave. £ per ft²
- £241/ft²
- Ave. Gross Yield
- 6.7%/year/yr
Key Postcode Insights
PO2 7LA is a residential postcode situated on Wallace Road, Portsmouth, PO2 with 26 addresses.
It ranks as the 369th largest and 512th most expensive of the 697 postcodes in the PO2 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 26 properties: 26 houses.
- Ave. Sale Price
- £269,110
- 10 Year change
- up 33.8%
- Ave. Rental Price
- £1,512pcm
- 10 Year change
- up 60.3%
- Ave. £ per ft²
- £241/ft²
- Ave. Gross Yield
- 6.7%/year/yr
Explore Propertiesin PO2 7LA
- 2 Wallace Road
3 Bed Period House
- 4 Wallace Road
3 Bed Period House
- 6 Wallace Road
Unknown
- 8 Wallace Road
3 Bed Period House
- 10 Wallace Road
Unknown
Sales Market Trends
The last sale in PO2 7LA sold for £271,000 on 1st September 2025. Since then prices are down an average of 0.3%.
The current average value in the postcode is £269,110.
The PO2 7LA Sales Market has increased by 33.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.1% | £269,110 |
| June 2025 | 1% | £272,021 |
| June 2024 | -2.9% | £269,282 |
| June 2023 | 0.2% | £277,251 |
| June 2022 | 11.1% | £276,753 |
| June 2021 | 7.3% | £249,173 |
| June 2020 | 0.5% | £232,163 |
| June 2019 | 2.3% | £230,914 |
| June 2018 | 3.4% | £225,729 |
| June 2017 | 8.6% | £218,350 |
| June 2016 | 10.1% | £201,083 |
| June 2015 | 6.5% | £182,615 |
| June 2014 | 8% | £171,452 |
| June 2013 | 0.8% | £158,770 |
| June 2012 | 0.3% | £157,472 |
| June 2011 | 0% | £156,947 |
| June 2010 | 9.1% | £156,938 |
| June 2009 | -8% | £143,867 |
| June 2008 | -6.5% | £156,306 |
| June 2007 | 0% | £167,219 |
Rental Market Trends
The current average rental value in the postcode is £1,512.
The PO2 7LA Rental Market has increased by 60.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.4% | £1,512pcm |
| June 2025 | 5% | £1,477pcm |
| June 2024 | 4.5% | £1,406pcm |
| June 2023 | 9.3% | £1,346pcm |
| June 2022 | 13.6% | £1,231pcm |
| June 2021 | 8.2% | £1,083pcm |
| June 2020 | 2.6% | £1,001pcm |
| June 2019 | 2% | £976pcm |
| June 2018 | 0.4% | £957pcm |
| June 2017 | 1% | £953pcm |
| June 2016 | 5.9% | £943pcm |
| June 2015 | 4.6% | £891pcm |
| June 2014 | 1.5% | £852pcm |
| June 2013 | 0.9% | £839pcm |
| June 2012 | 4% | £831pcm |
| June 2011 | 2.8% | £800pcm |
| June 2010 | 6.8% | £777pcm |
| June 2009 | -2.4% | £728pcm |
| June 2008 | 2.8% | £746pcm |
| June 2007 | 0% | £726pcm |
Sales History
The last sale was on 1st September 2025 for £271,000 and since then the market in the area has decreased by 0.3%. The postcode has had a total of 52 sales since 1995.
PO2 7LA has seen 3 sales in the last three years and 1 sale in the last twelve months.
- Sold Sep 2025£271,000 | 3 Bed House52, Wallace Road, Portsmouth, PO2 7LA52, Wallace Road, Portsmouth, PO2 7LA
- Sold Aug 2023£283,600 | 3 Bed House2, Wallace Road, Portsmouth, PO2 7LA2, Wallace Road, Portsmouth, PO2 7LA
- Sold Aug 2023£300,000 | 3 Bed House30, Wallace Road, Portsmouth, PO2 7LA30, Wallace Road, Portsmouth, PO2 7LA
- Sold Dec 2022£285,000 | 3 Bed House12, Wallace Road, Portsmouth, PO2 7LA12, Wallace Road, Portsmouth, PO2 7LA
- Sold Oct 2021£235,000 | 3 Bed House8, Wallace Road, Portsmouth, PO2 7LA8, Wallace Road, Portsmouth, PO2 7LA
Nearby Postcodes
PO2 7LA is the 369th largest and the 512th most expensive postcode out of the 697 postcodes in the PO2 area.
- PO2 7JZ, Wallace Road, Portsmouth, PO2PO2 7JZ33 Addresses|25 m away
- PO2 7LB, Westbourne Road, Portsmouth, PO2PO2 7LB29 Addresses|34 m away
- PO2 7LD, Westbourne Road, Portsmouth, PO2PO2 7LD33 Addresses|58 m away
- PO2 7JY, Bedhampton Road, Portsmouth, PO2PO2 7JY39 Addresses|58 m away
- PO2 7JX, Bedhampton Road, Portsmouth, PO2PO2 7JX35 Addresses|78 m away
Property Types
- 22 period houses built between 1800 and 1911
- 2 mid-century houses built between 1936 and 1979
- 2 other addresses of unknown type
- period house (22)
- mid-century house (2)
- Unknown (2)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 24 properties.
- The most common rating is D.
- A (0)
- E (6)
- B (0)
- F (0)
- C (5)
- G (0)
- D (13)
- No EPC (2)
Top 3 Most Expensive Sales
- Sold Aug 2023£300,000 | 3 Bed House30, Wallace Road, Portsmouth, PO2 7LA30, Wallace Road, Portsmouth, PO2 7LA
- Sold Nov 2025£286,000 | 3 Bed House55, Wallace Road, Portsmouth, PO2 7JZ55, Wallace Road, Portsmouth, PO2 7JZ
- Sold Dec 2022£285,000 | 3 Bed House12, Wallace Road, Portsmouth, PO2 7LA12, Wallace Road, Portsmouth, PO2 7LA
Schools Nearby
- Copnor Primary School300 m away
- Penbridge Junior School400 m away
- New Horizons Primary School500 m away
- The Portsmouth Academy1.1 km away
- Admiral Lord Nelson School1.3 km away
- Miltoncross Academy1.5 km away
More reading links
Public Transport Nearby
The closest station to PO2 7LA is Hilsea station, which is 1.8 kilometres away.
- Hilsea|1.8 km away
- Fratton|1.9 km away
- Portsmouth & Southsea|2.3 km away
- Cosham|3.2 km away
