If you’re considering buying a house or flat in Hampshire or Southampton it can be useful to know a bit about current property market trends and where you could potentially buy on your budget. Here, we share the property trends happening in Southampton and Hampshire to help you with your search.
What’s the average house price in Hampshire?
As of January 2021, the average house price in Hampshire is £357,191. This is up 6.42% year on year and 4.21% compared to six months ago. However, house prices in Hampshire have seen a 0.02% decrease in the last 3 months, perhaps signalling to buyers that now is the time to secure a purchase.
Where are the most expensive properties in Hampshire?
The three most expensive areas to buy a house in Hampshire include Brockenhurst, Stockbridge and Alresford. Once named the most beautiful place to live in Britain, it’s unsurprising that the average house price in Brockenhurst is £786,341 – the priciest place to buy a property in Hampshire by over £100,000. The largest village by population in the New Forest, Brockenhurst benefits from direct trains to London Waterloo and has easy access to lots of stunning walking trails.
The place in Hampshire with the second highest average house prices at the moment is Stockbridge at an impressive £682,051. This picturesque town is located in the stunning Test Valley which means that it boasts gorgeous surroundings, and the quaint high street hosts a selection of classic tearooms, eateries, and independent shops. Close behind Stockbridge with an average house price of £655,569 is Alresford, a Georgian market town sitting on the edge of the beautiful South Downs National Park.
Where are the least expensive properties in Hampshire?
If you’re looking for low property prices in Hampshire you should start your search in Gosport, Portsmouth, and Havant, all of which have average house prices below £260,000. The average house price in Gosport is £224,822 and this lively town offers everything from seafront entertainment to water sports and country trails, providing a good mix of activities for families and older couples alike.
The port city of Portsmouth offers the second lowest average house price at £242,234. Boasting years of maritime and naval heritage, Portsmouth also offers train links to London, Southampton, and Brighton, making it a good choice for commuters. The city is home to plenty of shops and restaurants – including both well-known brands and independent options – and there’s plenty for fans of art and culture too. Completing the top three least expensive places to buy a property in Hampshire is Havant with an average house price of £255,944. Much of Havant’s town centre is a conservation area, and you’ll find a lively market here on Tuesdays and Saturdays. The town offers access to green walks and is close to the traditional seaside resort of Hayling Island.
Average house price in Southampton
In January 2021, the average house price in Southampton is £307,607 which puts it just below the average house price in Hampshire. House prices here have seen a rise of around 5.89% year on year and have increased by 0.59% since October. On average, flats cost around £185,826 whereas terrace houses can be purchased for an average of £245,531.
Often rated amongst the top places to live and work in the UK, Southampton is seen as being a good place to invest in property due to the fact that house prices are fairly reasonable when compared to the rest of the South, especially for a bustling location with plenty of work opportunities. Sought after places in Southampton to live include the city centre and upmarket Ocean Village, Shirley – which is a popular choice for families thanks to its schools, and Millbrook for those searching for good value.
Now you know about the property market trends in Hampshire and Southampton, you can confidently look to purchase your own place here. For mortgage advice and financial planning services, contact us and we’ll be happy to help you to purchase your new property.
Source: https://www.zoopla.co.uk/house-prices/hampshire