Story Highlights

• Rushmoor had total property sales of £566 millions in 2016
• The total number of properties sold in 2016 was 1,640 properties
• The average sales price in Rushmoor was £345 K
• New Property sales were 9.65% by value, where as Not New 90.35%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty Hike have had significant negative impact on Rushmoor Property Market in 2016, there was decline of 15.27% over 2015

Rushmoor  is one of the districts in Hampshire

Total Sales By Property Type

Rushmoor had total property sales of £566 millions, which was 6.25% of the total Hampshire property Market in 2016

The split across the different property types are:

• Semi-Detached £141 millions (24.86%)
• Terraced £138 millions (24.37%)
• Other £104 millions (18.35%)
• Flat/Maisonette £97 millions (17.1%)
• Detached £87 millions (15.33%)

Rushmoor Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £566 millions month-wise break-down :

Stamp Duty Hike Impact

• March had property sale spike of £65 millions compared to £31 millions in Feb
• 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

• Brexit took place on 23rd June 2016.
• Year on Year growth decline has been 15.27% 
• So Brexit and Stamp Duty changes have had significant negative impact on Rushmoor Property Market in 2016

Total No Of Properties Sold By Property Type

The total property sales of £566 millions in 2016 was spread over 1,640 properties.

• Flat/Maisonette 509 (31.04%)
• Terraced 477 (29.09%)
• Semi-Detached 422 (25.73%)
• Detached 190 (11.59%)
• Other 42 (2.56%)

Average & Median Sales Price

 The average sales price in Rushmoor was £345 K and for the different property types it was:

• Detached £457 K
• Semi-Detached £334 K
• Terraced £289 K
• Flat/Maisonette £190 K
• Other £2.48 million

Similarly median sales price in Rushmoor was £283 K and for the different property types it was:

• Detached £449 K
• Semi-Detached £330 K
• Terraced £283 K
• Flat/Maisonette £190 K
• Other £565 K

New Vs Not New Property Statistics

By Sales Value the split is as follows:

• New Property contributed £55 millions (9.65%)
• Not New Property contributed £512 millions (90.35%)

By Total Number the split is as follows:

• New properties sold were 154 (9.39%)
• Not new property sold were 1486 (90.61%).

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