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Netley House Prices Netley House Prices

The average house price in Netley is £374,166 using HM Land Registry data.

The average property price increased by £100,308 (32.89%) over the last 5 years and increased by £20,048 (5.2%) over the last 12 months.

Over the last year, there were 73 residential property sales – a decrease of 35 transactions (-47.95%) relative to the previous year. The majority of house sales (24) were in the £334,000 - £396,000 range. Then came properties in the £272,000 - £334,000 range, where 15 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,805 (-2%).

In April 2024, there were 20 new estate agency instructions, 17 agreed home sales and 4 property price reductions.

Neighbouring Areas: Hamble-le-Rice

Postcodes Covered: SO31

5-Year Average Property Prices in Netley

32.89%

Property prices in Netley increased by 32.89% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Netley Over the Last Year

5.2%

Property prices in Netley increased by 5.2% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Netley - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Netley

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Netley

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Netley

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Netley since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Netley area since 1995.

Recent Property Sales in Netley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Oakhurst Way, Netley Abbey, Southampton, Hampshire, SO31 5AY£400,000£377,000-£23,00016 May 202308 Feb 2024268 Days
23 Woolston Road, Netley Abbey, Southampton, Hampshire, SO31 5FR£425,000£410,000-£15,00009 May 202315 Dec 2023220 Days
15 Sellwood Road, Netley Abbey, Southampton, Hampshire, SO31 5BJ£345,000£325,000-£20,00029 Nov 202215 Dec 2023381 Days
54 Seaview Estate, Netley Abbey, Southampton, Hampshire, SO31 5BQ£325,000£322,820-£2,18022 Jun 202329 Sep 202399 Days
25 Station Road, Netley Abbey, Southampton, Hampshire, SO31 5AE£325,000£315,000-£10,00009 Jun 202322 Sep 2023105 Days
3 Waverley Avenue, Netley Abbey, Southampton, Hampshire, SO31 5AR£385,000£344,500-£40,50025 Jan 202308 Sep 2023226 Days
1 Moore Crescent, Netley Abbey, Southampton, Hampshire, SO31 5BY£250,000£245,000-£5,00011 Apr 202331 Aug 2023142 Days
18 Gatcombe, Netley Abbey, Southampton, Hampshire, SO31 5PX£300,000£287,000-£13,00028 Mar 202311 Aug 2023136 Days
53 Gatcombe, Netley Abbey, Southampton, Hampshire, SO31 5PX£500,000£500,000£0029 Mar 202302 Aug 2023126 Days
3 The Grove, Butlocks Heath, Southampton, Hampshire, SO31 5FP£375,000£340,000-£35,00014 Feb 202328 Jul 2023164 Days
48 Station Road, Netley Abbey, Southampton, Hampshire, SO31 5AF£535,000£520,000-£15,00006 Feb 202324 Jul 2023168 Days
12 Netley Lodge Close, Netley Abbey, Southampton, Hampshire, SO31 5BT£350,000£335,000-£15,00008 Nov 202219 Jul 2023253 Days
9 Bowcombe, Netley Abbey, Southampton, Hampshire, SO31 5GP£375,000£369,400-£5,60004 Nov 202210 Jul 2023248 Days
8 Arreton, Netley Abbey, Southampton, Hampshire, SO31 5GY£255,000£240,000-£15,00011 Feb 202307 Jul 2023146 Days
2 Kingston, Netley Abbey, Southampton, Hampshire, SO31 5GT£240,000£230,000-£10,00009 Feb 202306 Jul 2023147 Days
15 Waverley Avenue, Netley Abbey, Southampton, Hampshire, SO31 5AR£575,000£570,000-£5,00007 Jan 202315 Jun 2023159 Days
Rowena, Kelvin Grove, Netley Abbey, Southampton, Hampshire, SO31 5BL£400,000£385,000-£15,00017 Feb 202309 Jun 2023112 Days
60 Bowcombe, Netley Abbey, Southampton, Hampshire, SO31 5GP£365,000£365,000£0019 Jan 202324 May 2023125 Days
6 Abbeyfields Close, Netley Abbey, Southampton, Hampshire, SO31 5GR£525,000£525,000£0006 Jan 202324 May 2023138 Days
11 New Road, Netley Abbey, Southampton, Hampshire, SO31 5DJ£420,000£375,000-£45,00010 Oct 202219 May 2023221 Days

Most Expensive Streets in Netley

PostcodeStreetAreaAverageNo. of Sales
SO31 5FFGrange RoadNetley Abbey£930,0004
SO31 5FAAbbey HillNetley Abbey£608,6119
SO31 5FZHound RoadNetley Abbey£589,9938
SO31 5AFStation RoadNetley Abbey£541,3339
SO31 5GRAbbeyfields CloseNetley Abbey£499,5005
SO31 5FXHound RoadNetley Abbey£482,8217
SO31 5FPThe GroveButlocks Heath£456,2147
SO31 5ASWaverley CourtNetley Abbey£451,6663
SO31 5HZThe FramptonsNetley Abbey£450,40010
SO31 5ARWaverley AvenueNetley Abbey£446,5003

Least Expensive Streets in Netley

PostcodeStreetAreaAverageNo. of Sales
SO31 5PTThe BadgersNetley Abbey£178,0805
SO31 5FBAbbey HillNetley Abbey£191,1258
SO31 5BUAvon CourtNetley Abbey£192,2506
SO31 5PNBembridgeNetley Abbey£196,0004
SO31 5DTStation RoadNetley Abbey£204,4874
SO31 5DDEnglefield CourtYork Road£223,3333
SO31 5BYMoore CrescentNetley Abbey£223,3333
SO31 5PWYaverlandNetley Abbey£224,81811
SO31 5ETWykeham RoadNetley Abbey£240,8163
SO31 5DWMonks RoadNetley Abbey£240,8333

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