Winchester

Area Guide For Winchester

Winchester is a city and the region town of Hampshire. The city lies at the heart of the more extensive City of Winchester, a nearby government area, and is found at the western end of the South Downs National Park, along the course of the River Itchen. It is arranged 61 miles south-west of London and 13.6 miles from Southampton, its closest city. At the time of the 2011 Census, Winchester had a populace of 116,595. Winchester created from the Roman town of Venta Belgarum, which created from an Iron Age oppidum. Winchester's significant milestone is Winchester Cathedral, one of the biggest basilicas in Europe, with the qualification of having the longest nave and general length of all Gothic church buildings in Europe.

 
 

Winchester Map

Estimated Price: £493,916
Average Asking Price: £593,014
Price change in last one year: £31,201
Average Price Paid: £394,615
Average Rent Rates: £1,419

 
 

Property Prices Breakdown in Winchester

Average Price for property in Winchester is around £493,916 which varies based on type of property you are interested in and ranges from £711,266 for detached house to around £428,270 for semi-detached. Similarly terraced house is around £403,817 and a flat is worth £277,182. Values have been changing and have risen £6,492 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £14,509 in last 6 months, £31,201 in last 1 year, £66,102 in last 2 years, £79,764 in last 3 years, £61,090 in last 4 years and £77,975 in last 5 years.

Currently average asking price of a property in Winchester is around £593,014 based on approximately 977 properties for sale. Same is the case with rental options based on 265 properties up for rent, average asking rent is around £1,419 per month.

Estimated property value in Winchester is £493,916. Average asking price is £593,014 while average price paid is £429,289 which is up by £31,201 and Avg. asking rent £1,419.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 Winchester area. In last 1 year alone average price buyer paid is around £429,289 based on approximately 977 sales in Winchester area alone. If you compare it to last 3 years sales of 2,982 properties where buyers paid around £408,307. 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 £394,615 for 5,017 and average amount paid for purchase of approx. 6,716 properties sold in last 7 years comes to about £382,863 per sale.

 
 

Properties For Sale in Winchester

 
 

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 £129,250, £313,120 for a 2 bedroom house, £456,541 for a 3 bedroom house, £689,928 for a 4 bedroom house and £1,202,617 for a 5 bedroom house. For a flat similarly the prices varies from £180,898 for a single bedroom to £308,068 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £604,000. To sum up the asking prices for properties in Winchester it comes to around average £170,304 for 1 bedroom property, £310,630 for 2 bedroom, £466,505 for 3 bedroom, £689,928 for 4 bedroom and £1,202,617 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 £844 for 1 bedroom to £1,310 for 2 bedrooms, £1,352 for 3 bedrooms, £1,847 for 4 bedrooms and £2,395 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £784. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,008, £1,107 for 3 bedroom and £1,599 for 4 bedroom. You should be generally be expecting around average £794 rent per month for single bedroom property, £1,133 for 2 bedroom, £1,321 for 3 bedroom, £1,842 for 4 bedroom and approximately £2,395 for a 5 bedroom property in Winchester area.

Popular Houses in Winchester

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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