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Hamble-le-Rice House Prices Hamble-le-Rice House Prices

The average house price in Hamble-le-Rice is £805,000 using HM Land Registry data.

The average property price decreased by £22,758 (--5.18%) over the last 5 years and decreased by £4,559 (--1.08%) over the last 12 months.

Over the last year, there were 60 residential property sales – an increase of 2 transactions (3.33%) relative to the previous year. The majority of house sales (20) were in the £280,000 - £390,000 range. Then came properties in the £170,000 - £280,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 210 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,551 (-3%).

In January 2025, there were 13 new estate agency instructions, 5 agreed home sales and 11 property price reductions.

Neighbouring Areas: Netley

Postcodes Covered: SO31

5-Year Average Property Prices in Hamble-le-Rice

-5.18%

Property prices in Hamble-le-Rice decreased by -5.18% 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 Hamble-le-Rice Over the Last Year

-1.08%

Property prices in Hamble-le-Rice decreased by -1.08% 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 Hamble-le-Rice - January 2025

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 Hamble-le-Rice

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 Hamble-le-Rice

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 Hamble-le-Rice

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 Hamble-le-Rice since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Hamble-le-Rice area since 1995.

Recent Property Sales in Hamble-le-Rice

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Westfield Common, Hamble, Southampton, Hampshire, SO31 4LB£375,000£375,000£020 Sep 202406 Dec 202477 Days
31 Yorke Way, Hamble, Southampton, Hampshire, SO31 4LQ£300,000£288,000-£12,00023 Apr 202408 Nov 2024199 Days
53 Coach Road, Hamble, Southampton, Hampshire, SO31 4LA£425,000£425,000£010 Feb 202430 Oct 2024263 Days
55 Hamble Lane, Hamble, Southampton, Hampshire, SO31 4JR£310,000£310,000£004 Mar 202423 Aug 2024172 Days
28 Chadwick Way, Hamble, Southampton, Hampshire, SO31 4FD£175,000£169,000-£6,00031 Jan 202416 Jul 2024167 Days
43 Yorke Way, Hamble, Southampton, Hampshire, SO31 4LQ£298,000£295,500-£2,50004 Jan 202420 Jun 2024168 Days
54 Chadwick Way, Hamble, Southampton, Hampshire, SO31 4FD£195,000£195,000£017 Jan 202424 May 2024128 Days
38 Pegasus Close, Hamble, Southampton, Hampshire, SO31 4QZ£319,950£312,500-£7,45015 May 202416 May 20241 Days
19 Baron Road, Hamble, Southampton, Hampshire, SO31 4RJ£319,000£319,000£022 Jan 202415 May 2024114 Days
12 Sylvan Lane, Hamble, Southampton, Hampshire, SO31 4QG£995,000£975,000-£20,00011 Jan 202429 Apr 2024109 Days
5 Deanfield Close, Hamble, Southampton, Hampshire, SO31 4JJ£499,950£474,000-£25,95003 Jan 202429 Apr 2024117 Days
52 Mercury Gardens, Hamble, Southampton, Hampshire, SO31 4PA£600,000£580,000-£20,00021 Dec 202329 Apr 2024130 Days
38 Old Priory Close, Hamble, Southampton, Hampshire, SO31 4QP£850,000£827,500-£22,50015 Jan 202429 Apr 2024105 Days
Ferry House, The Green, Green Lane, Hamble, Southampton, Hampshire, SO31 4JB£1,995,000£1,750,000-£245,00008 Sep 202319 Apr 2024224 Days
Flat 26, Hambleside Court, Hamble Lane, Hamble, Southampton, Hampshire, SO31 4QE£127,000£125,000-£2,00008 Nov 202312 Apr 2024156 Days
2 Flowers Close, Hamble, Southampton, Hampshire, SO31 4LU£399,995£370,000-£29,99515 Sep 202322 Mar 2024189 Days
2 College Close, Hamble, Southampton, Hampshire, SO31 4QU£635,000£615,000-£20,00029 Sep 202313 Mar 2024166 Days
88 Satchell Lane, Hamble, Southampton, Hampshire, SO31 4HL£525,000£520,000-£5,00025 Oct 202307 Mar 2024134 Days
57 Chadwick Way, Hamble, Southampton, Hampshire, SO31 4FD£175,000£175,000£016 Sep 202305 Mar 2024171 Days
30 Chadwick Way, Hamble, Southampton, Hampshire, SO31 4FD£90,000£90,000£013 Oct 202328 Feb 2024138 Days

Most Expensive Streets in Hamble-le-Rice

PostcodeStreetAreaAverageNo. of Sales
SO31 4QGSylvan LaneHamble£964,1666
SO31 4HLSatchell LaneHamble£899,89013
SO31 4GBGreen LaneHamble£854,1663
SO31 4JEHigh StreetHamble£853,7504
SO31 4HGCrowsportHamble£830,0003
SO31 4QPOld Priory CloseHamble£701,2508
SO31 4HPSatchell LaneHamble£623,0006
SO31 4PAMercury GardensHamble£616,0005
SO31 4HFSatchell LaneHamble£610,4166
SO31 4HJOakwood WayHamble£606,2504

Least Expensive Streets in Hamble-le-Rice

PostcodeStreetAreaAverageNo. of Sales
SO31 4QEHambleside CourtHamble Lane£127,93618
SO31 4FDChadwick WayHamble£172,70222
SO31 4JRHamble LaneHamble£237,3754
SO31 4RYAstral GardensHamble£243,1663
SO31 4LGWestfield CloseHamble£243,6663
SO31 4FJAvro CourtHamble£245,78622
SO31 4LRChalmers WayHamble£253,8005
SO31 4LXNorbury GardensHamble£256,2504
SO31 4JUKings AvenueHamble£257,1163
SO31 4LPYorke WayHamble£261,95010

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