Parsons Close - PO3 5LW
Key Postcode Insights
PO3 5LW is a residential postcode situated on Parsons Close, Portsmouth, PO3 with 48 addresses.
It ranks as the 309th largest and 61st most expensive of the 366 postcodes in the PO3 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 48 properties: 9 houses and 39 flats.
- Ave. Sale Price
- £183,067
- 10 Year change
- up 25.4%
- Ave. Rental Price
- £1,233pcm
- 10 Year change
- up 49.8%
- Ave. £ per ft²
- £220/ft²
- Ave. Gross Yield
- 8.1%/year/yr
Key Postcode Insights
PO3 5LW is a residential postcode situated on Parsons Close, Portsmouth, PO3 with 48 addresses.
It ranks as the 309th largest and 61st most expensive of the 366 postcodes in the PO3 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 48 properties: 9 houses and 39 flats.
- Ave. Sale Price
- £183,067
- 10 Year change
- up 25.4%
- Ave. Rental Price
- £1,233pcm
- 10 Year change
- up 49.8%
- Ave. £ per ft²
- £220/ft²
- Ave. Gross Yield
- 8.1%/year/yr
Explore Propertiesin PO3 5LW
- 49 Parsons Close
2 Bed Flat
- 50 Parsons Close
3 Bed Mid-century Flat
- 51 Parsons Close
2 Bed Mid-century Flat
- 52 Parsons Close
2 Bed Period Flat
- 53 Parsons Close
2 Bed Mid-century Flat
Sales Market Trends
The last sale in PO3 5LW sold for £163,000 on 19th March 2026. Since then prices are up an average of 1.7%.
The current average value in the postcode is £183,067.
The PO3 5LW Sales Market has increased by 25.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.7% | £183,067 |
| June 2025 | -0.5% | £184,449 |
| June 2024 | -1.5% | £185,302 |
| June 2023 | -0.6% | £188,113 |
| June 2022 | 10.3% | £189,243 |
| June 2021 | 5.3% | £171,598 |
| June 2020 | 1.3% | £162,917 |
| June 2019 | 1.2% | £160,754 |
| June 2018 | 2.3% | £158,906 |
| June 2017 | 6.4% | £155,320 |
| June 2016 | 8.1% | £146,027 |
| June 2015 | 7.3% | £135,142 |
| June 2014 | 7.7% | £125,954 |
| June 2013 | 1.6% | £116,948 |
| June 2012 | -0.2% | £115,095 |
| June 2011 | -1.7% | £115,333 |
| June 2010 | 7.4% | £117,331 |
| June 2009 | -10.3% | £109,244 |
| June 2008 | -5.7% | £121,839 |
| June 2007 | 0% | £129,142 |
Rental Market Trends
The current average rental value in the postcode is £1,233.
The PO3 5LW Rental Market has increased by 49.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.7% | £1,233pcm |
| June 2025 | 4% | £1,201pcm |
| June 2024 | 6.1% | £1,155pcm |
| June 2023 | 8.5% | £1,088pcm |
| June 2022 | 11% | £1,003pcm |
| June 2021 | 5.4% | £903pcm |
| June 2020 | 2.6% | £857pcm |
| June 2019 | 1.8% | £835pcm |
| June 2018 | -0.3% | £820pcm |
| June 2017 | 0% | £823pcm |
| June 2016 | 4.4% | £823pcm |
| June 2015 | 4.1% | £789pcm |
| June 2014 | 2.1% | £758pcm |
| June 2013 | 0.8% | £742pcm |
| June 2012 | 2.6% | £736pcm |
| June 2011 | 2% | £718pcm |
| June 2010 | 4.5% | £703pcm |
| June 2009 | -3.3% | £673pcm |
| June 2008 | 2.9% | £696pcm |
| June 2007 | 0% | £677pcm |
Sales History
The last sale was on 19th March 2026 for £163,000 and since then the market in the area has increased by 1.7%. The postcode has had a total of 115 sales since 1995.
PO3 5LW has seen 8 sales in the last three years and 2 sales in the last twelve months.
- Sold Mar 2026£163,000 | 2 Bed Flat54, Parsons Close, Portsmouth, PO3 5LW54, Parsons Close, Portsmouth, PO3 5LW
- Sold Oct 2025£183,000 | 2 Bed Flat83, Parsons Close, Portsmouth, PO3 5LW83, Parsons Close, Portsmouth, PO3 5LW
- Sold Jun 2025£160,000 | 2 Bed Flat65, Parsons Close, Portsmouth, PO3 5LW65, Parsons Close, Portsmouth, PO3 5LW
- Sold Apr 2025£180,000 | 2 Bed Flat91, Parsons Close, Portsmouth, PO3 5LW91, Parsons Close, Portsmouth, PO3 5LW
- Sold Feb 2025£180,000 | 2 Bed Flat56, Parsons Close, Portsmouth, PO3 5LW56, Parsons Close, Portsmouth, PO3 5LW
Nearby Postcodes
PO3 5LW is the 309th largest and the 61st most expensive postcode out of the 366 postcodes in the PO3 area.
- PO3 5JA, Farmside Gardens, Portsmouth, PO3PO3 5JA22 Addresses|80 m away
- PO3 5LN, Parsons Close, Portsmouth, PO3PO3 5LN48 Addresses|88 m away
- PO3 5LB, Copnor Road, Portsmouth, PO3PO3 5LB45 Addresses|102 m away
- PO3 5HY, Farmside Gardens, Portsmouth, PO3PO3 5HY36 Addresses|125 m away
- PO3 5LG, Peronne Close, Portsmouth, PO3PO3 5LG16 Addresses|126 m away
Property Types
- 2 period flats built between 1800 and 1911
- 7 mid-century houses built between 1936 and 1979
- 32 mid-century flats built between 1936 and 1979
- 3 flats of an unknown age
- 4 other addresses of unknown type
- period flat (2)
- mid-century house (7)
- mid-century flat (32)
- flat (3)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 41 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (2)
- C (21)
- G (0)
- D (17)
- No EPC (7)
Top 3 Most Expensive Sales
- Sold Jun 2022£270,000 | 4 Bed House1, Parsons Close, Portsmouth, PO3 5LN1, Parsons Close, Portsmouth, PO3 5LN
- Sold Aug 2021£245,000 | 3 Bed House18, Parsons Close, Portsmouth, PO3 5LN18, Parsons Close, Portsmouth, PO3 5LN
- Sold Feb 2025£242,000 | 3 Bed House2, Parsons Close, Portsmouth, PO3 5LN2, Parsons Close, Portsmouth, PO3 5LN
Schools Nearby
- Gatcombe Park Primary School300 m away
- King's Academy Northern Parade (Junior)800 m away
- Highbury Primary School800 m away
- Trafalgar School300 m away
- UTC Portsmouth300 m away
- Admiral Lord Nelson School1.9 km away
More reading links
Public Transport Nearby
The closest station to PO3 5LW is Hilsea station, which is 700 metres away.
- Hilsea|700 m away
- Cosham|1.2 km away
- Fratton|3.9 km away
- Portsmouth & Southsea|4.0 km away
