In the lush landscape of Hampshire lies a gem: Netley Abbey, known for its historic ruins and modern allure. This year, 2023, has seen significant shifts in the property market. As we wade through the data, we uncover intriguing trends, pointing to the evolution of this picturesque locale.
These numbers are based from a mile radius of Netley Abbey's center, in the month of July 2023.
- Total Properties for Sale: 39
- New Listings in Last 14 Days: 6
- Average Asking Price: £409,613
- Median Asking Price: £375,000
- Average Time on Market (ToM): 78 days
- Median Time on Market (ToM): 73 days
Properties in Netley are segmented across multiple price brackets. Each has its own story to tell.
- £100,000 to £200,000: 6 properties, with an average ToM of 48 days, signaling demand in the starter home category.
- £200,000 to £300,000: 8 properties, with properties staying for about 68 days.
- £300,000 to £400,000: 10 properties, lingering slightly longer at 84 days.
- £400,000 to £500,000: 3 properties, staying 96 days.
- £500,000 to £1,000,000: A surprising 12 properties, showcasing luxury demand with an average ToM of 89 days.
- One-bedroom: Averaging at £167,000, five properties fit this category, with a swift ToM of 55 days.
- Two-bedrooms: 11 properties average at £315,455, with a ToM of 73 days.
- Three-bedrooms: Dominating the market, 14 properties average at £430,350, lasting about 65 days.
- Four-bedrooms: Catering to larger families, seven properties command an average of £566,429, though they take longer to sell, at 139 days.
- Flats: 13 on the market, averaging at £239,231, move relatively swiftly with an average ToM of 59 days.
- Terraced: With 4 on sale, they boast an average price of £525,000 and stay for about 135 days.
- Semi-detached: Popular, with 13 properties averaging at £401,531 and an average ToM of 80 days.
- Detached: The luxury segment, 5 properties command an average price of £693,000 and remain on the market for about 66 days.
Most properties, 11 in total, stay less than a month on the market, with a decent number of properties (11) also lingering between two and three months. A handful remain between six and nine months, hinting at niche demand or pricing mismatches.
Though this report focuses on Netley Abbey, understanding neighboring markets, such as Southampton, Hamble-le-Rice, Hedge End, and Langley, among others, can offer potential buyers and investors a holistic view.
Netley Abbey’s property market, with its diversified offerings, continues to buzz with activity. From starter homes to luxury dwellings, there's a space for everyone. For those looking to step into this market, it's not just about the data but the stories behind every brick, every lane, and every tree.
