HOUSE prices increased by 1.4 per cent – more than the average for the South East – in Basingstoke and Deane in March, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 15.2 per cent annual growth.

The average Basingstoke and Deane house price in March was £359,537, Land Registry figures show – a 1.4 per cent increase on February.

Over the month, the picture was similar to that across the South East, where prices increased 1.1 per cent, and Basingstoke and Deane outperformed the 0.3 per cent rise for the UK as a whole.

READ MORE: Rightmove's cheapest property for sale in Basingstoke

Over the last year, the average sale price of property in Basingstoke and Deane rose by £47,000 – putting the area 12th among the South East’s 64 local authorities with price data for annual growth.

The best annual growth in the region was in Cherwell, where property prices increased on average by 22.1 per cent, to £378,000. At the other end of the scale, properties in Slough gained just 1.3 per cent in value, giving an average price of £303,000.

Winners and Losers

Owners of semi-detached houses saw the biggest improvement in property prices in Basingstoke and Deane in March – they increased 1.7 per cent, to £392,873 on average. Over the last year, prices rose by 17 per cent.

Among other types of property:

  • Detached: up 1.5 per cent monthly; up 18.3 per cent annually; £642,571 average
  • Terraced: up 1.1 per cent monthly; up 12.6 per cent annually; £296,752 average
  • Flats: up 1.4 per cent monthly; up 11.8 per cent annually; £194,527 average

First steps on the property ladder

First-time buyers in Basingstoke and Deane spent an average of £279,000 on their property – £35,000 more than a year ago, and £43,000 more than in March 2017.

By comparison, former owner-occupiers paid £437,000 on average in March – 56.5 per cent more than first-time buyers.

How do property prices in Basingstoke and Deane compare?

Buyers paid 6.6 per cent less than the average price in the South East (£385,000) in March for a property in Basingstoke and Deane. Across the South East, property prices are lower than those across the UK, where the average cost £278,000.

The most expensive properties in the South East were in Elmbridge – £675,000 on average, and 1.9 times as much as more than in Basingstoke and Deane. Elmbridge properties cost 2.8 times as much as homes in Southampton (£238,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea.


Average property price in March

Basingstoke and Deane: £359,537

The South East: £384,966

UK: £278,436

Annual growth to March

Basingstoke and Deane: +15.2 per cent

The South East: +11.7 per cent

UK: +9.8 per cent

Best and worst annual growth in the South East

Cherwell: +22.1 per cent

Slough: +1.3 per cent

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