Story Highlights 

• Spelthorne had total property sales of £739 millions in 2016
• The total number of properties sold in 2016 was 1691
• The average sales price  was £437 K, whereas the median was £380 K
• New Property sales were 7.56% by value, whereas Not New Property contributed 92.44%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes did not have negative impact, there was robust growth of 6.3% over 2015

Spelthorne is one of the districts of Surrey.

Total Sales By Property Type

Spelthorne had total property sales of £739 millions which was 6.22% of the total Surrey Property Market 2016

The split of £739 millions across the different property types are:

• Semi-Detached £221 millions (29.96%)
• Detached £175 millions (23.64%)
• Flat/Maisonette £144 millions (19.52%)
• Terraced £126 millions (17.01%)
• Other £73 millions (9.88%)

Spelthorne Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £739 millions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £112 millions compared to £53 millions in Feb and then sales sharply drop
2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

1. Brexit took place on 23rd June 2016.
2. Year on Year growth has been  6.3% in 2016 over 2015
3. Brexit coupled with Stamp Duty Hike did not had negative impact on Spelthorne Property Market in 2016 over 2015

Total No Of Properties Sold By Property Type

 Spelthorne had total property sales of .  The split across the different property types are:

• Flat/Maisonette 526 (31.11%)
• Semi-Detached 502 (29.69%)
• Detached 287 (16.97%)
• Terraced 332 (19.63%)
• Other 44(2.6%)

Average & Median Sales Price

 The average sales price in Spelthorne was £437 K and for different property types it was:

• Detached £610 K
• Semi-Detached £441 K  
• Terraced £379 K
• Flat/Maisonette £274 K
• Other it is £ 1.66 millions    

Similarly median sales price in Spelthorne was £380 K and for different property types are:

• Detached £555 K
• Semi-Detached £420 K
• Terraced £360 K
• Flat/Maisonette £270 K
• Other it is £370 K

New Vs Not New Property Statistics

 By Sales Value the split is as follows:

• New Property contributed £56 millions (7.56%)
• Not New Property contributed £683 millions (92.44%)

By Total Number the split is as follows:

• New properties sold were 128 (7.57%)
• Not new property sold were 1,563 (92.43%)

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