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Registered Address: 2 Leman St, London E1 8FA
PO5 2AJHouse Prices / South East, Portsmouth, Merton Road
Last updated May 2026
Key Postcode Insights
PO5 2AJ is a residential postcode situated on Merton Road, Southsea, PO5 with 12 addresses.
It ranks as the 221st largest and 254th most expensive of the 610 postcodes in the PO5 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 flats.
12
Properties
- Flats
Key Postcode Insights
PO5 2AJ is a residential postcode situated on Merton Road, Southsea, PO5 with 12 addresses.
It ranks as the 221st largest and 254th most expensive of the 610 postcodes in the PO5 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 flats.
12
Properties
- Flats
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House Pricesin PO5 2AJ
Sale prices range from £141,997 for 2 bedroom leasehold flats (548 ft2) to £215,313 for 3 bedroom leasehold flats (1,291 ft2) .
Monthly rental prices range from £938 pcm for 2 bed flats to £1,239 pcm for 3 bed flats.
The gross rental yield is between 6.9% and 7.9%.
The average value per square foot is £208.
Average Sale Value
£177,183
Average Rental Value
£1,055 pcm
Average Rental Yield
7.1% /year
Average Value Per Sqft
£208 /ft2
Sales Market Trendsin PO5 2AJ
The last sale in PO5 2AJ sold for £200,000 on 14th October 2024. Since then prices are down an average of 4.2%.
The current average value in the postcode is £177,183.
The PO5 2AJ Sales Market has increased by 7.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -4.6% | £177,183 |
| April 2025 | 1.1% | £185,644 |
| April 2024 | -3.1% | £183,680 |
| April 2023 | 0.4% | £189,650 |
| April 2022 | 5% | £188,869 |
| April 2021 | 0.4% | £179,805 |
| April 2020 | 3.7% | £179,096 |
| April 2019 | -0.7% | £172,623 |
| April 2018 | 0% | £173,925 |
| April 2017 | 5.2% | £173,986 |
| April 2016 | 6.8% | £165,434 |
| April 2015 | 4.7% | £154,857 |
| April 2014 | 7.8% | £147,865 |
| April 2013 | 0.6% | £137,132 |
| April 2012 | -2.9% | £136,343 |
| April 2011 | 0.8% | £140,374 |
| April 2010 | 10.4% | £139,239 |
| April 2009 | -17.2% | £126,085 |
| April 2008 | 0.9% | £152,294 |
| April 2007 | 0% | £150,926 |
Rental Market Trendsin PO5 2AJ
The current average rental value in the postcode is £1,055.
The PO5 2AJ Rental Market has increased by 35.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.8% | £1,055pcm |
| April 2025 | 4.1% | £1,026pcm |
| April 2024 | 6.6% | £986pcm |
| April 2023 | 5.1% | £925pcm |
| April 2022 | 7.3% | £880pcm |
| April 2021 | 6.9% | £820pcm |
| April 2020 | 1.5% | £767pcm |
| April 2019 | 1.9% | £756pcm |
| April 2018 | -3.8% | £742pcm |
| April 2017 | -1.2% | £771pcm |
| April 2016 | 4.9% | £781pcm |
| April 2015 | 4.8% | £745pcm |
| April 2014 | 1.4% | £710pcm |
| April 2013 | 0.8% | £700pcm |
| April 2012 | 0.5% | £695pcm |
| April 2011 | 1.2% | £691pcm |
| April 2010 | 3.2% | £683pcm |
| April 2009 | -4.4% | £662pcm |
| April 2008 | 2.6% | £692pcm |
| April 2007 | 0% | £674pcm |
Explore Buildingsin PO5 2AJ, Merton Road, Southsea, PO5
- Spencer Court, Merton Road, Southsea, PO5 Mid-century building 12 units
Sales Historyin PO5 2AJ
The last sale was on 14th October 2024 for £200,000 and since then the market in the area has decreased by 4.2%. The postcode has had a total of 30 sales since 1995.
PO5 2AJ has seen 2 sales in the last three years and no sales in the last twelve months.
Sold Oct 2024£200,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 10, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold May 2023£170,000 | 3 Bed FlatSpencer Court, Merton RoadFlat 7, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Nov 2022£220,000 | 3 Bed FlatSpencer Court, Merton RoadFlat 12, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Jan 2022£185,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 5, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Dec 2021£185,000 | 3 Bed FlatSpencer Court, Merton RoadFlat 11, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Nov 2017£145,000 | 3 Bed FlatSpencer Court, Merton RoadFlat 11, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Apr 2017£168,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 5, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Jan 2012£147,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 9, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Jul 2011£150,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 6, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Jul 2011£150,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 2, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Feb 2008£166,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 1, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Sep 2007£160,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 4, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Dec 2005£137,750 | 2 Bed FlatSpencer Court, Merton RoadFlat 10, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Dec 2005£133,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 2, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Feb 2004£137,995 | 2 Bed FlatSpencer Court, Merton RoadFlat 2, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Sep 2003£140,000 | 3 Bed FlatSpencer Court, Merton RoadFlat 12, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Sep 2003£132,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 6, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Jul 2002£137,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 9, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Dec 2001£95,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 5, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Sep 2001£89,995 | 2 Bed FlatSpencer Court, Merton RoadFlat 9, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Feb 2001£87,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 10, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Feb 2000£66,995 | 3 Bed FlatSpencer Court, Merton RoadFlat 12, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold May 1999£58,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 3, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Mar 1998£51,500 | 2 Bed FlatSpencer Court, Merton RoadFlat 9, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Jul 1997£48,500 | 3 Bed FlatSpencer Court, Merton RoadFlat 8, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Jul 1997£55,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 6, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Nov 1996£45,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 1, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Jun 1996£49,500 | 3 Bed FlatSpencer Court, Merton RoadFlat 12, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Mar 1996£36,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 10, Spencer Court, Merton Road, Southsea, PO5 2AJ
Sold Nov 1995£40,000 | 2 Bed FlatSpencer Court, Merton RoadFlat 3, Spencer Court, Merton Road, Southsea, PO5 2AJ
Nearby Postcodesto PO5 2AJ
PO5 2AJ is the 221st largest and the 254th most expensive postcode out of the 610 postcodes in the PO5 area.
- 24 mPO5 2AH, Merton Road, Southsea, PO5PO5 2AH12 Addresses
- 44 mPO5 2BH, Wilton Terrace, Southsea, PO5PO5 2BH3 Addresses
- 62 mPO5 2BQ, Wilton Terrace, Southsea, PO5PO5 2BQ12 Addresses
- 70 mPO5 2AW, Merton Road, Southsea, PO5PO5 2AW14 Addresses
- 72 mPO5 2BJ, Marmion Avenue, Southsea, PO5PO5 2BJ5 Addresses
- 75 mPO5 2DR, Yves Mews, Southsea, PO5PO5 2DR8 Addresses
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Property Typesin PO5 2AJ
- 12 mid-century flats built between 1936 and 1979
- mid-century flat (12)
Energy Efficiencyof properties in PO5 2AJ
- Energy Performance Certificate (EPC) surveys conducted for 12 properties.
- The dominant rating is C.
- A (0)
- E (1)
- B (1)
- F (0)
- C (6)
- G (0)
- D (4)
- No EPC (0)
Schools Nearbyto PO5 2AJ
The nearest primary school to PO5 2AJ is Southsea Infant School which is 436 metres away.
- 436mSouthsea Infant School
- 518mSt Swithun's Catholic Primary School
- 526mCottage Grove Primary School and Nursery
The nearest secondary school is Ark Charter Academy which is 1.1 kilometres away.
- 1.1kmArk Charter Academy
- 1.1kmPriory School
- 1.4kmSt Edmund's Catholic School
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Public Transport Nearbyto PO5 2AJ
The closest station to PO5 2AJ is Southsea Hoverport station which is 1.1 kilometres away.
- 1.1kmSouthsea Hoverport
- 1.3kmFratton
- 1.4kmPortsmouth & Southsea
- 2.0kmPortsmouth Harbour