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House Prices in SP1

The average house price in SP1 (Salisbury) is £360,208 using HM Land Registry data.

The average property price increased by £47,537 (11.81%) over the last 5 years and increased by £9,504 (1.97%) over the last 12 months.

Over the last year, there were 227 residential property sales – a decrease of 172 transactions (-75.77%) relative to the previous year. The majority of house sales (60) were in the £260,000 - £350,000 range. Then came properties in the £170,000 - £260,000 range, where 45 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,624 (-2%).

In June 2024, there were 68 new estate agency instructions, 46 agreed home sales and 33 property price reductions.

5-Year Average Property Prices in SP1 (Salisbury)

11.81%

Property prices in Salisbury increased by 11.81% 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 SP1 (Salisbury) Over the Last Year

1.97%

Property prices in Salisbury increased by 1.97% 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.

Property Market Heat Gauge for SP1 (Salisbury) - June 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 SP1 (Salisbury)

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 SP1 (Salisbury)

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 SP1 (Salisbury)

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 SP1 (Salisbury) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SP1 postcode area since 1995.

Recent Sales in SP1 (Salisbury)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
9 Archers Court, Salisbury, Wiltshire, SP1 3WE	£135,000	£130,000	-£5,000	07 Sep 2023	20 May 2024	256 Days
5 St Judes Close, Bishopdown, Salisbury, Wiltshire, SP1 3FA	£275,000	£275,000	£00	30 Jan 2024	30 Apr 2024	91 Days
7 Archers Court, Salisbury, Wiltshire, SP1 3WE	£135,000	£130,000	-£5,000	07 Mar 2023	14 Mar 2024	373 Days
17 Potters Way, Laverstock, Salisbury, Wiltshire, SP1 1PY	£475,000	£470,000	-£5,000	07 Nov 2023	29 Feb 2024	114 Days
13 Stratford Road, Salisbury, Wiltshire, SP1 3JL	£265,000	£255,000	-£10,000	17 Apr 2023	26 Feb 2024	315 Days
8 St Lukes Close, Bishopdown, Salisbury, Wiltshire, SP1 3FD	£295,000	£287,500	-£7,500	06 Oct 2023	22 Feb 2024	139 Days
56 Greencroft Street, Salisbury, Wiltshire, SP1 1JE	£185,000	£165,000	-£20,000	06 Oct 2023	20 Feb 2024	137 Days
44 Hulse Road, Salisbury, Wiltshire, SP1 3LY	£499,950	£495,000	-£4,950	16 Aug 2023	16 Feb 2024	184 Days
12 Braemar Rise, Salisbury, Wiltshire, SP1 3QB	£375,000	£360,000	-£15,000	18 Aug 2023	14 Feb 2024	180 Days
27 St Andrews, Laverstock, Salisbury, Wiltshire, SP1 1RJ	£200,000	£200,000	£00	15 Nov 2023	29 Jan 2024	75 Days
85 Rampart Road, Salisbury, Wiltshire, SP1 1HU	£329,450	£315,000	-£14,450	08 Feb 2023	19 Jan 2024	345 Days
46 Apostle Way, Bishopdown, Salisbury, Wiltshire, SP1 3GS	£550,000	£525,000	-£25,000	26 May 2023	12 Jan 2024	231 Days
28 Balmoral Road, Salisbury, Wiltshire, SP1 3PX	£499,950	£495,000	-£4,950	05 Oct 2023	05 Jan 2024	92 Days
106 Greenwood Avenue, Laverstock, Salisbury, Wiltshire, SP1 1PE	£350,000	£330,000	-£20,000	27 Jun 2023	05 Jan 2024	192 Days
21 Greencroft Street, Salisbury, Wiltshire, SP1 1JF	£270,000	£265,000	-£5,000	25 Sep 2023	19 Dec 2023	85 Days
11 St Marks Road, Salisbury, Wiltshire, SP1 3AY	£525,000	£515,000	-£10,000	07 Sep 2023	15 Dec 2023	99 Days
14 Pauls Dene Road, Salisbury, Wiltshire, SP1 3SE	£325,000	£322,000	-£3,000	03 Oct 2023	15 Dec 2023	73 Days
91 Bingham Road, Salisbury, Wiltshire, SP1 3EB	£250,000	£245,000	-£5,000	22 Feb 2023	14 Dec 2023	295 Days
6 Capulet Road, Stratford Sub Castle, Salisbury, Wiltshire, SP1 3JY	£445,000	£445,000	£00	23 May 2023	24 Nov 2023	185 Days
5 Byways Close, Salisbury, Wiltshire, SP1 2QS	£315,000	£312,500	-£2,500	20 Jun 2023	06 Nov 2023	139 Days

Most Expensive Streets in SP1 (Salisbury)

Postcode	Street	Area	Average	No. of Sales
SP1 2EB	The Close	Salisbury	£1,002,666	3
SP1 3RP	Castle Road	Salisbury	£805,000	3
SP1 3LG	Stratford Road, Stratford Sub Castle	Salisbury	£781,500	4
SP1 2QW	Howarth Park	Salisbury	£752,727	11
SP1 3DW	St Marks Avenue	Salisbury	£738,000	5
SP1 3BB	Fulford Place	Salisbury	£701,622	4
SP1 3XZ	Wolferstan Drive, Bishopdown	Salisbury	£690,000	3
SP1 1QJ	Laverstock Park, Laverstock	Salisbury	£683,000	8
SP1 3DA	Donaldson Road	Salisbury	£637,333	3
SP1 1QW	Riverside Close, Laverstock	Salisbury	£620,833	3

Least Expensive Streets in SP1 (Salisbury)

Postcode	Street	Area	Average	No. of Sales
SP1 3LX	Stratford Road	Salisbury	£89,631	11
SP1 2FD	Sarum Gardens, Eyres Way	Salisbury	£105,833	3
SP1 3JR	Chatham Close	Salisbury	£109,000	5
SP1 3EY	The Brambles	Salisbury	£131,590	5
SP1 3EZ	The Brambles	Salisbury	£143,987	4
SP1 1JN	Elm Court, Elm Grove Road	Salisbury	£154,428	7
SP1 3HG	Glencourt, Glenmore Road	Salisbury	£156,950	5
SP1 3WE	Archers Court	Salisbury	£157,090	22
SP1 2JH	The Beeches	Salisbury	£158,833	6
SP1 3AS	Estcourt Road	Salisbury	£161,900	5