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Petersfield House Prices Petersfield House Prices

The average house price in Petersfield is £554,692 using HM Land Registry data.

The average property price increased by £161,599 (39.48%) over the last 5 years and increased by £32,297 (6%) over the last 12 months.

Over the last year, there were 147 residential property sales – a decrease of 71 transactions (-48.30%) relative to the previous year. The majority of house sales (37) were in the £338,000 - £476,000 range. Then came properties in the £200,000 - £338,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 119 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,990 (-1%).

In April 2024, there were 41 new estate agency instructions, 35 agreed home sales and 20 property price reductions.

Postcodes Covered: GU31, GU32

5-Year Average Property Prices in Petersfield

39.48%

Property prices in Petersfield increased by 39.48% 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 Petersfield Over the Last Year

6%

Property prices in Petersfield increased by 6% 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 Petersfield - 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 Petersfield

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 Petersfield

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 Petersfield

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 Petersfield since 1995

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

Recent Property Sales in Petersfield

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
32 Oaklands Road, Petersfield, Hampshire, GU32 2EZ£850,000£850,000£0021 Mar 202304 Mar 2024349 Days
24 Kennet Road, Petersfield, Hampshire, GU31 4LS£445,000£445,000£0019 Oct 202327 Feb 2024131 Days
6 The Purrocks, Petersfield, Hampshire, GU32 2HU£999,950£980,000-£19,95012 Sep 202321 Feb 2024162 Days
34 Stoneham Close, Petersfield, Hampshire, GU32 3BX£499,950£493,000-£6,95011 Aug 202308 Feb 2024181 Days
7a, Great Hanger, Petersfield, Hampshire, GU31 4QF£750,000£750,000£0003 Nov 202307 Feb 202496 Days
12 Sheep Street, Petersfield, Hampshire, GU32 3JX£425,000£422,750-£2,25006 Aug 202324 Jan 2024171 Days
6 Stour Close, Petersfield, Hampshire, GU31 4LU£425,000£408,000-£17,00004 Sep 202313 Dec 2023100 Days
23 Sussex Gardens, Petersfield, Hampshire, GU31 4JY£465,000£425,000-£40,00004 Aug 202307 Dec 2023125 Days
15 Reservoir Lane, Petersfield, Hampshire, GU32 2HY£525,000£518,000-£7,00027 Jun 202301 Dec 2023157 Days
27 Dragon Street, Petersfield, Hampshire, GU31 4JN£950,000£920,000-£30,00023 May 202301 Dec 2023192 Days
10 Sandy Close, Petersfield, Hampshire, GU31 4HF£399,950£395,000-£4,95013 Jul 202324 Nov 2023134 Days
96 Rushes Road, Petersfield, Hampshire, GU32 3AS£325,000£310,750-£14,25011 Jul 202322 Nov 2023134 Days
9 Grenehurst Way, Petersfield, Hampshire, GU31 4AZ£875,000£800,000-£75,00029 Jun 202314 Nov 2023138 Days
49 Queens Road, Petersfield, Hampshire, GU32 3BB£285,000£170,000-£115,00009 Sep 201425 Oct 20233333 Days
26 Drum Mead, Petersfield, Hampshire, GU32 3AQ£375,000£360,000-£15,00029 Mar 202319 Oct 2023204 Days
38 Collingwood Way, Petersfield, Hampshire, GU31 4QJ£375,000£367,500-£7,50017 Mar 202325 Sep 2023192 Days
75 Bell Hill, Petersfield, Hampshire, GU32 2EA£1,100,000£1,050,000-£50,00008 Feb 202318 Sep 2023222 Days
24 Herne Road, Petersfield, Hampshire, GU31 4DP£550,000£550,000£0015 Jun 202318 Sep 202395 Days
24 Ramshill, Petersfield, Hampshire, GU31 4AP£300,000£278,000-£22,00026 Jan 202318 Sep 2023235 Days
60 Marden Way, Petersfield, Hampshire, GU31 4PW£650,000£625,000-£25,00021 Apr 202314 Sep 2023146 Days

Most Expensive Streets in Petersfield

PostcodeStreetAreaAverageNo. of Sales
GU31 4EJHeath RoadPetersfield£2,876,6663
GU31 4BULove LanePetersfield£1,572,1878
GU31 4JEHeath RoadPetersfield£1,365,0003
GU31 4LBSussex RoadPetersfield£1,120,6666
GU32 2EBWoodbury AvenuePetersfield£1,010,2663
GU32 2DYBell HillPetersfield£973,5935
GU31 4BZPulens LanePetersfield£968,3333
GU31 4DGHeathfield RoadPetersfield£914,2005
GU32 3FTSwift ClosePetersfield£846,8005
GU31 4BYHazelbank ClosePetersfield£772,4166

Least Expensive Streets in Petersfield

PostcodeStreetAreaAverageNo. of Sales
GU32 3EQLavant CourtCharles Street, Petersfield£110,11717
GU32 3DWMeon ClosePetersfield£151,07819
GU31 4SPRay ClosePetersfield£168,7504
GU32 3HEAshcroft CourtWinton Road£174,0004
GU32 3JPDolphin CourtHigh Street, Petersfield£197,3754
GU32 3QYKings RoadPetersfield£203,3339
GU32 3JHSt Peters CourtHylton Road£203,56015
GU31 4JUChartergroveThe Avenue£206,7013
GU32 3ETStation RoadPetersfield£220,0003
GU32 3QZDukes ClosePetersfield£221,35010

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