Hampshire house prices have increased by as much as 18% in past 12 months
The latest research by the Whitehill & Bordon Regeneration Company (WBRC) studies the changing house prices in Surrey and Hampshire over the past 12 months to help homebuyers navigate the pricey and popular South East housing market.
Over the last year, England’s national house price increased by 9.8% to reach a total of £285,000. During the same time period, the popular South East market saw the average price increase by 10.3% to £367,000.
This marks impressive national and regional growth, but both figures are trumped by the performance of two South East counties, Surrey and Hampshire, which have seen their average house prices increase by 12.2% and 11.5% respectively.
On a district level, Surrey’s biggest house price increases have been seen in Mole Valley (18.4%), Elmbridge (16%), Tandridge (15.7%), Waverly (15.6%), and Surrey Heath (14.4%).
In Hampshire, the biggest annual house price increases have been seen in Eastleigh (18.2%), East Hampshire (17.1%), Hart (14.7%), Test Valley (14.6%), and the New Forest (10.1%).
All of this means that Surrey’s average house price is more than £120,000 higher than the South East’s regional average, while Hampshire’s average price is £2,000 below the regional average, making it, by far, the most affordable option for South East homebuyers.
Prices in Eastleigh and East Hampshire not only top the Hampshire district list, but are also outperforming all but one district of Surrey, despite Surrey being traditionally seen as the more expensive and more desirable of the two counties.
Eastleigh’s strong performance can be partly attributed to its close vicinity to Southampton and many previous city dwellers seeking greener, more open space after two years of pandemic and lockdown. East Hampshire’s strong performance can be attributed to its easy commute into London and close vicinity to the Surrey border, thus attracting a lot of buyers who are struggling to buy in expensive spots like nearby Guildford.
Furthermore, East Hampshire’s success can also be attributed to the emergence of Prince Philip Park, a brand new, cutting edge neighbourhood being built on land once occupied by the British Army in the town of Whitehill & Bordon. The project is being overseen by the Whitehill & Bordon Regeneration Company, delivering thousands of new sustainable homes, creating hundreds of local jobs, and attracting dozens of new businesses to the region.
James Child, Project Lead at The Whitehill & Bordon Regeneration Company, said:
“With house prices surging up and down the country, it’s little surprise to see Surrey and Hampshire performing so well. What’s incredible, though, is East Hampshire’s position on the price performance table, and the way that it’s surging ahead of all but one part of Surrey.
“We suspect this is largely down to East Hampshire’s easy commute into both Guildford and London, combined with the region’s relatively low prices tempting buyers to cross the Surrey-Hampshire border in search of a great deal.
“It’s our hope that we can do a lot to support the increasing popularity of East Hampshire by creating the homes, jobs, and infrastructure required to make Whitehill & Bordon and its surrounding communities a wonderful place to call home for many generations to come. But as the Whitehill & Bordon Regeneration Project continues and demand in the area increases, the great deals currently available will start to disappear.”
Data sourced from the UK Government House Price Index
Table shows average house price in Surrey, Hampshire, South East, and England for Oct 2020 and Oct 2021, alongside £ and % change
| Area | AveHP – Oct 2020 | AveHP – Oct 2021 | Annual change £ | Annual change % |
| Surrey | £455,090 | £510,539 | £55,449 | 12.2% |
| Hampshire | £320,456 | £357,444 | £36,988 | 11.5% |
| South East | £332,489 | £366,883 | £34,394 | 10.3% |
| England | £259,592 | £285,113 | £25,521 | 9.8% |
Table shows average house price in districts of Hampshire for Oct 2020 and Oct 2021, alongside £ and % change
| District | AveHP – Oct 2020 | AveHP – Oct 2021 | Annual change £ | Annual change % |
| Eastleigh | £283,997 | £335,623 | £51,626 | 18.2% |
| East Hampshire | £382,809 | £448,156 | £65,347 | 17.1% |
| Hart | £421,142 | £482,919 | £61,777 | 14.7% |
| Test Valley | £341,022 | £390,602 | £49,580 | 14.5% |
| New Forest | £347,790 | £382,896 | £35,105 | 10.1% |
| Fareham | £300,375 | £330,331 | £29,957 | 10.0% |
| Winchester | £428,342 | £468,633 | £40,292 | 9.4% |
| Havant | £272,258 | £297,097 | £24,839 | 9.1% |
| Rushmoor | £279,704 | £304,843 | £25,139 | 9.0% |
| Basingstoke and Deane | £302,009 | £326,456 | £24,447 | 8.1% |
| Gosport | £214,896 | £227,904 | £13,008 | 6.1% |
| Southampton | £211,274 | £222,134 | £10,860 | 5.1% |
| Portsmouth | £218,783 | £224,185 | £5,402 | 2.5% |
| Hampshire | £320,456 | £357,444 | £36,988 | 11.5% |
Table shows average house price in districts of Surrey for Oct 2020 and Oct 2021, alongside £ and % change
| District | AveHP – Oct 2020 | AveHP – Oct 2021 | Annual change £ | Annual change % |
| Mole Valley | £490,626 | £581,137 | £90,511 | 18.4% |
| Elmbridge | £613,200 | £711,017 | £97,818 | 16.0% |
| Tandridge | £461,060 | £533,336 | £72,276 | 15.7% |
| Waverley | £478,508 | £552,960 | £74,452 | 15.6% |
| Surrey Heath | £391,656 | £448,220 | £56,564 | 14.4% |
| Runnymede | £417,425 | £477,492 | £60,067 | 14.4% |
| Reigate and Banstead | £426,985 | £467,432 | £40,448 | 9.5% |
| Guildford | £461,385 | £502,145 | £40,761 | 8.8% |
| Spelthorne | £361,063 | £392,136 | £31,073 | 8.6% |
| Epsom and Ewell | £473,094 | £512,719 | £39,625 | 8.4% |
| Woking | £425,728 | £448,577 | £22,849 | 5.4% |
| Surrey | £455,090 | £510,539 | £55,449 | 12.2% |