Southampton

Area Guide For Southampton

Southampton is the largest city in the ceremonial county of Hampshire in the south coast of England. Acknowledged as the cruise capital of Europe, Southampton plays host to over four million visitors a years and treasures an impressive cultural offering, from music venues, art galleries, museums and award winning parks. Southampton is divided into council wards, suburbs, constituencies, ecclesiastical parishes, and other less formal areas.  The University of Southampton and Southampton Solent University together have a student population of over 40,000, ranking in the top 100 research universities in the world, Academic Ranking of World Universities.

 
 

Southampton Map

Estimated Price: £257,927
Average Asking Price: £293,045
Price change in last one year: £20,629
Average Price Paid: £215,107
Average Rent Rates: £1,268

 
 

Property Prices Breakdown in Southampton

Average Price for property in Southampton is around £257,927 which varies based on type of property you are interested in and ranges from £391,984 for detached house to around £240,880 for semi-detached. Similarly terraced house is around £202,876 and a flat is worth £160,126. Values have been changing and have risen £2,145 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,011 in last 6 months, £20,629 in last 1 year, £33,341 in last 2 years, £34,692 in last 3 years, £30,662 in last 4 years and £31,045 in last 5 years.

Currently average asking price of a property in Southampton is around £293,045 based on approximately 6,119 properties for sale. Same is the case with rental options based on 3,273 properties up for rent, average asking rent is around £1,268 per month.

Estimated property value in Southampton is £257,927. Average asking price is £293,045 while average price paid is £224,272 which is up by £20,629 and Avg. asking rent £1,268.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Southampton area. In last 1 year alone average price buyer paid is around £224,272 based on approximately 6,119 sales in Southampton area alone. If you compare it to last 3 years sales of 17,350 properties where buyers paid around £217,604. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £215,107 for 27,436 and average amount paid for purchase of approx. 37,415 properties sold in last 7 years comes to about £212,029 per sale.

 
 
 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £107,579, £191,476 for a 2 bedroom house, £263,623 for a 3 bedroom house, £432,802 for a 4 bedroom house and £671,719 for a 5 bedroom house. For a flat similarly the prices varies from £116,427 for a single bedroom to £177,930 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £254,128, £433,333 for a 4 bedroom flat and £699,950 for a 5 bedroom flat. To sum up the asking prices for properties in Southampton it comes to around average £115,193 for 1 bedroom property, £183,393 for 2 bedroom, £263,003 for 3 bedroom, £432,806 for 4 bedroom and £671,985 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £463 for 1 bedroom to £829 for 2 bedrooms, £1,015 for 3 bedrooms, £1,321 for 4 bedrooms and £1,624 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £585. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £784, £1,011 for 3 bedroom, £1,443 for 4 bedroom and around £1,565 for 5 bedroom flat. You should be generally be expecting around average £564 rent per month for single bedroom property, £790 for 2 bedroom, £1,013 for 3 bedroom, £1,337 for 4 bedroom and approximately £1,621 for a 5 bedroom property in Southampton area.

Popular Houses in Southampton

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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