Story Highlights

• Winchester had total property sales of £940 millions in 2016
• The total number of properties sold in 2016 was 2,038 properties
• The average sales price in Winchester was £461 K
• New Property sales were 12.38% by value, where as Not New 87.62%
• Stamp duty hike caused monthly spike in March
• Brexit coupled with Stamp Duty hike have had negative impact on Winchester Property Market in 2016, there was growth of 2.59% over 2015

Winchester is one of the districts in Hampshire

Total Sales By Property Type

Winchester had total property sales of £940 millions, which was 10.37% of the total Hampshire property Market in 2016

The split across the different property types are:

• Detached £378 millions (40.19%)
• Terraced £195 millions (20.75%)
• Semi-Detached £168 millions (17.92%)
• Flat/Maisonette £113 millions (12.05%)
• Other £85 millions (9.09%)

Winchester Property Market at Postcode Level

Month-wise Break-up of Total Sales

Some of the insights based on the £940 millions month-wise break-down :

Stamp Duty Hike Impact

• March had property sale spike of £113 millions compared to £73 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 decline has been 2.59% 
• So Brexit and Stamp Duty changes have had negative impact on Winchester Property Market in 2016

Total No Of Properties Sold By Property Type

The total property sales of £940 millions in 2016 was spread over 2,038 properties.

• Detached 617 (30.27%)
• Terraced 486 (23.85%)
• Flat/Maisonette 456 (22.37%)
• Semi-Detached 397 (19.48%)
• Others 82 (4.02%)

Average & Median Sales Price

The average sales price in Winchester was £461 K and for the different property types it was:

• Detached £612 K
• Semi-Detached £424 K
• Terraced £401 K
• Flat/Maisonette £248 K
• Other £1.04 million

Similarly median sales price in Winchester was £368 K and for the different property types it was:

• Detached £540 K
• Semi-Detached £350 K
• Terraced £325 K
• Flat/Maisonette £220 K
• Other £490 K

New Vs Not New Property Statistics

By Sales Values the split is as follows:

• New Property contributed £116 millions (12.38%)
• Not New Property contributed £824 millions (87.62%)

By Total Number the split is as follows:

• New properties sold were 284 (13.94%)
• Not new property sold were 1754 (86.06%).

 All Hampshire Posts