Key indicators for buyers
The PO16 market is moderately favourable for buyers. Affordability has improved from a peak of 10.8x in 2021 to 8.6x today. Rising rents (£1,198/mo, +4.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Fareham area
A home in Fareham costs 8.6x the local median salary — stretched, improving from a peak of 10.8x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Fareham area
Average monthly rent in Fareham is £1,198, up 4.1% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Fareham price of £358,094 with a 25% deposit (£90k), a 2-year fixed mortgage at 3.97% costs around £1,413 per month.
Monthly cost comparison based on current data
Uses PO16 avg. price with Fareham rental data
Monthly mortgage payments (£1,413) are £215 more than renting (£1,198). However, buying requires an upfront deposit of £90k — it would take around 12 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
38, WELLINGTON GROVE PO16 9RX | Semi-detached | £412,500 | 23 Jan 2026 |
31, MALLORY CRESCENT PO16 7QA | Detached | £587,500 | 21 Jan 2026 |
1, CRESCENT GARDENS PO16 0HL | Terraced | £339,000 | 15 Jan 2026 |
8, CONSORT COURT, HIGH STREET PO16 7AP | Terraced | £220,000 | 14 Jan 2026 |
5, KILWICH WAY, PORTCHESTER PO16 9EH | Terraced | £345,000 | 14 Jan 2026 |
16, GRINDLE CLOSE PO16 8EF | Terraced | £300,000 | 14 Jan 2026 |
8, TOR CLOSE PO16 8RX | Detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in PO16 sold for £358,094 in 2026, with a median of £352,500 across 16 transactions. Prices rose 2.5% compared to the previous year.
| £510,000 |
| 14 Jan 2026 |
263, WHITE HART LANE, PORTCHESTER PO16 9AS | Terraced | £317,500 | 12 Jan 2026 |
5, COMPASS POINT PO16 0LJ | Flat/Maisonette | £125,000 | 12 Jan 2026 |
52, HIGH STREET PO16 7BQ | Semi-detached | £340,000 | 9 Jan 2026 |
18, FAREHAM QUAYS, 2, ELMHURST ROAD PO16 0BQ | Flat/Maisonette | £145,000 | 9 Jan 2026 |
8, THISTLE CLOSE PO16 9FL | Semi-detached | £370,000 | 9 Jan 2026 |
23, BIRDWOOD GROVE PO16 8AJ | Semi-detached | £435,000 | 8 Jan 2026 |
12, OYSELL GARDENS PO16 8GB | Terraced | £360,000 | 6 Jan 2026 |
25, FURNEAUX GARDENS PO16 7HD | Semi-detached | £380,000 | 6 Jan 2026 |
2, CORNFIELD PO16 8UE | Detached | £543,000 | 6 Jan 2026 |
43, KING GEORGE ROAD PO16 9RL | Semi-detached | £310,000 | 19 Dec 2025 |
42, CRANLEIGH ROAD, PORTCHESTER PO16 9DN | Terraced | £258,000 | 19 Dec 2025 |
29, KING JOHN AVENUE PO16 9AP | Terraced | £340,000 | 19 Dec 2025 |
22, QUEENS ROAD PO16 0NN | Semi-detached | £377,500 | 19 Dec 2025 |
The most recent recorded sale in PO16 was a semi-detached property on Wellington Grove for £412,500 in January 2026. Across the last 20 sales, the median price was £345,000.