Latest prices in Basingstoke and Deane for Detached properties
The latest figures show that the average price for a Detached property in Basingstoke and Deane has now reached £596,201 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.
Average prices for a Detached property have increased substantially over the longer term in Basingstoke and Deane. Back in January 1995, prices for this type of property averaged £116,399 based on sales at the time. Fast forward to January 2024, and averages reached £602,171 - representing a growth of 417% over 29 years.
This substantial triple-digit percentage rise in Detached property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Detached homes in Basingstoke and Deane over the past 3 decades.
Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.
The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.
Detached prices in Basingstoke and Deane over the last 12 months
Date
Price
Apr 2023
£641,359
Apr 2023
£641,359
May 2023
£645,470
Jun 2023
£639,098
Jul 2023
£643,314
Aug 2023
£633,968
Sep 2023
£624,823
Oct 2023
£627,047
Nov 2023
£608,670
Dec 2023
£599,139
Jan 2024
£602,171
Feb 2024
£596,201
Recent trends for prices in Basingstoke and Deane
The latest figures from February 2024 indicate the property market in Basingstoke and Deane continues to show falling price trends. Compared to January, 2024, average prices decreased by -0.2% to £343,118. On an annual basis, average property prices have decreased -3.9% since 12 months ago.
In terms of sales activity, there were 75 residential property transactions completed in Basingstoke and Deane during February, 2024. Of these purchases, 42 were financed with a mortgage while 8 were all-cash sales. For cash buyers, average prices have changed by -0.3% since January, 2024, coming in at around £317,898. For properties purchased with a mortgage, the average price changed by -0.1% since January, 2024, to £350,633.
Compared to the overall picture in its national parent England, the average property price in Basingstoke and Deane are higher than the current national average of £297,735. While Basingstoke and Deane saw a change of -0.2% over the last month, England as a whole recorded a percentage change of 0.6% in average property values. And on an annual basis, prices across England have contracted by -1.1%, more than the -3.9% yearly change seen in Basingstoke and Deane.
Interested in purchasing a property in Basingstoke and Deane? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.
Average price in Basingstoke and Deane by housing type
Prices last recorded in February, 2024
average
£343,118
detached
£596,201
flat
£181,873
semi-detached
£378,189
terraced
£291,620
Prices by housing type in Basingstoke and Deane
Recent data shows that price growth has varied across different property types in Basingstoke and Deane over the last year. For terraced houses, property prices changed by -0.1% between February 2024 and January 2024 to reach £291,620, and changed by -4.5% over the last 12 months. The annual change was greater than the -1.7% change seen for terraced homes in England overall.
Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £378,189 in January 2024. This represents a 0.1% change from the same month last year.This is underperforming the 0.2% annual change in semi-detached values across the country.
Detached homes in Basingstoke and Deane lost -0.4% month-over-month to reach an average of £596,201. Annually, detached property values have changed by -3.6%. This is weaker price growth compared to England's -0.5% change for detached houses over the year.
For apartments and flats, average prices decreased by -0.3% between February and January 2024, hitting £181,873. Over the last 12 months, apartment values have changed by -5.3%, lagging England's flat and apartment growth rate of -2.8%.
Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of -2.5%, while flat properties lagged, with a change of -5.3%.
Recent purchases in Basingstoke and Deane
According to data from HM Land Registry, there were 75 completed property purchases in the area of Basingstoke and Deane in February 2024. Of these sales, 8 were recorded as cash purchases whilst 42 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by -3.9% and the percentage of properties purchased with cash has changed by -4.1%.
The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website
Looking for a specific property type?
Use one of the following links to find more specific information about the type of property you're looking for in basingstoke-and-deane.
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