Wycombe Property Market Beats Brexit, Grows by 4% in 2016

Story Highlights

  • Wycombe had total property sales of £1.32 Billions in 2016
  • The total number of properties sold in 2016 was 3,093 properties
  • The average sales price in Wycombe was £427 K, whereas median was £350 K
  • New Property sales were 7.45% by value, where as Not New 92.55%
  • Stamp duty hike caused monthly spike in March
  • Brexit coupled with Stamp Duty Hike did not have negative impact on Wycombe Property Market in 2016, there was growth of 4.19% over 2015

 

Wycombe is one of the districts of Buckinghamshire

Total Sales By Property Type
Wycombe - Total Sales By Property Type

Wycombe had total property sales of £1.32 Billions which was 29.96% of the total Buckinghamshire Property Market 2016

The split £1.32 Billions across the different property types are:

  • Detached £446 millions (%)
  • Semi-Detached £343 millions (%)
  • Terraced £214 millions (%)
  • Flat/Maisonette £184 millions (%)
  • Other £112 millions (%)

 

Wycombe Property Market at Postcode level

Postcode Coverage Area School Local Authority Area
HP10 High Wycombe,Flackwell Heath,Handy Cross,Hedsor,Lo udwater,Penn,Tylers Green,Wooburn,Wooburn Green,Wo oburn Moor Details Wycombe, Chiltern
HP11 Wycombe Marsh Details Wycombe
HP12 High Wycombe,Booker,Sands Details Wycombe
HP13 High Wycombe,Downley,Totteridge Details Wycombe
HP14 Beacons Bottom,Bledlow Ridge,Bolter End,Bradenham, Cadmore End,Hughenden Valley,Ibstone,Lane End,Naph ill,Northend,Stokenchurch,The City,Upper North Dea n,West Wycombe Details Wycombe
HP15 Cryers Hill,Great Kingshill,Hazlemere,Holmer Green ,Hughenden Valley Details Wycombe, Chiltern
HP16 Great Missenden,Ballinger,The Lee,Little Hampden,L ittle Kingshill,Prestwood,South Heath Details Chiltern, Wycombe
HP27 Askett,Bledlow,Ilmer,Lacey Green,Longwick,Loosley Row,Monks Risborough,Owlswick,Pitch Green,Princes Risborough,Saunderton,Speen Details Wycombe
RG9 Hambleden,Rotherfield Peppard,Turville,Turville He ath,Skirmett,Rockwell End,Mill End,Fawley,Fingest, Frieth,Greenlands,Nettlebed,Shiplake,Henley-on-Tha mes Details South Oxfordshire, Wycombe
SL7 Marlow,Marlow Bottom,Little Marlow,Medmenham,Bisha m, Lower Woodend Details Wycombe, Windsor and Maidenhead
SL8 Bourne End,Well End Details Wycombe

 

 

Month-wise Break-up of Total Sales

Wycombe - Month-wise Break-up of Total Sales

Some of the insights based on the £1.32 Billions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £163 millions compared to £91 millions in Feb
  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 (compared to 2015) has been 4.19% in 2016
  3. Brexit coupled with Stamp Duty Hike did not have negative impact on Wycombe Property Market in 2016

 

Total No Of Properties Sold By Property Type

Wycombe - Total No Of Properties Sold By Property Type

Wycombe had total property sales of 3,093.  The split across different property types are:

  • Semi-Detached 873 (28.23%)
  • Flat/Maisonette 790 (25.54%)
  • Detached 708 (22.89%)
  • Terraced 599 (19.37%)
  • Other 123 (3.98%)

 

Average & Median Sales Price
Wycombe - Average & Median Sales Price

The average sales price in Wycombe was £427 K and for different property types it was:

  • Detached £659 K
  • Semi-Detached £393 K
  • Terraced £357 K
  • Flat/Maisonette £233 K
  • Other it is £912 K

Similarly median sales price in Wycombe was £350 K and for different property types are:

  • Detached £584 K
  • Semi-Detached £365 K
  • Terraced £337 K
  • Flat/Maisonette £223 K
  • Other it is £511 K

 

New Vs Not New Property Statistics
Wycombe - New Vs Not New Property Statistics

By Sales Value the split is as follows:

  • New Property contributed £98 millions (7.45%)
  • Not New Property contributed £1.22 billions (92.55%)

By Total Number the split is as follows:

  • New properties sold were 246 (7.95%)
  • Not new property sold were 2847 (92.05%)

 

All Buckinghamshire Posts 

Reference

HP Postcode Area As Per Wikipedia

 

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