Looking for your next home or investment?

We partner with the best agents to help you find your dream house. We also partner with Strike to help you sell your property if you are moving out

Find your dream property:

See properties for sale

Sell your property with Strike:

Get a free valuation

Our customers trust our expertise

How much does a house for sale cost in Basingstoke?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ How much does a house for sale cost in Basingstoke?

We help you find the right agent

At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Basingstoke to help you find the perfect agent for you

Download the directory

Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Basingstoke, Hampshire.

From the average asking price of houses for sale in Basingstoke, to the growth of the population in the area, all will be talked about regarding the city of Basingstoke. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

In Basingstoke, what do houses for sale tend to sell for?

For the city of Basingstoke, the average price a house sells for is £254,216. This value usually depends on the exact location of the house within Basingstoke as well as other factors like the population growth which is 7% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £453,272
Aerage sold price (semi-detached) £349,678
Aerage sold price (terraced) £270,473
Aerage sold price (flat) £193,822

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Basingstoke.

Housing category Sale price per square foot
Aerage sold price/sqft £3,270
Aerage sold price/sqft (new build) £3,540
Aerage sold price/sqft (old stock) £3,140

Generalising the bottom table, the average value per square foot of a house for sale is £3,270. This value averages all of the types of houses for sale in Basingstoke. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Basingstoke.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

Get professional help on the houses for sale in Basingstoke

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

Why you should consider the average rental yield when searching for houses for sale in Basingstoke

Are there new houses being built in Basingstoke to make it grow?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Basingstoke at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Basingstoke growth rate -2% 21% 9%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Basingstoke gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Basingstoke.

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Basingstoke this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South East) alongside Hampshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Basingstoke.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Basingstoke £0 £1,083 £1 £0
Hampshire 3.67% £1,198.75 129.21% 20.71%
South East 0.04 1,300.68 £1 16.69%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Basingstoke.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (23) will be useful.

What are the asking prices for the houses for sale in the city of Basingstoke?

The average asking price for the houses for sale in the city of Basingstoke

Average asking price (1 bed) £165,643
Average asking price (2 bed) £236,244
Average asking price (3 bed) £339,417
Average asking price (4 bed) £443,529
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Basingstoke, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.

When investors make offers for houses for sale in Basingstoke, the average price asked by the homeowners works out to be £281,219.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Basingstoke is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Are you considering other cities with houses for sale?

Below is a list of towns that differ from Basingstoke.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to South East:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

Finding the ideal house for sale for you

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Basingstoke.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

In Basingstoke, what are the demographics like?

Basingstoke within Hampshire is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Basingstoke will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Basingstoke.

Are the people in Basingstoke earning a lot?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Basingstoke, the average income is £53,000.00. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 28% to decide on what the demographics are like in the area.

What’s the crime rate in Basingstoke?

For the city of Basingstoke, crime rate is at 15900%. So for every 1000 people in the area, 15900% commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

For the city of Basingstoke, what is the education level?

In the city of Basingstoke, 29% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Basingstoke is £53,000.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

Have the people of Basingstoke grown in numbers?

Population growth in Basingstoke is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Basingstoke, 26624 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Basingstoke in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Basingstoke, this change has been 2%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Basingstoke?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 7% in Basingstoke.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

In Basingstoke, what are the deprivation levels like?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Basingstoke, in particular, the deprivation levels are £0.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

What is the city of Basingstoke’s social grade score?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Basingstoke in grades A or B which are the highest skilled roles in the country is 28%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £53,000.00 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 28%.

In the city of Basingstoke, how much green space remains for residents?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Basingstoke, the city has 7 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Basingstoke.

Frequently Asked Questions (FAQ)

If you are a landlord, should you renovate a property in the city of Basingstoke?

If planning permissions are abundant in the vicinity of Basingstoke, it may look promising for landlords looking to renovate. With 8 getting approved on a monthly basis, and a success rate of 93%, these prospects flourish against a population of 26624. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

In Basingstoke, how many property sales per month are there?

In the city of Basingstoke, there are 23 and in the total for the UK, there are around 1.1 million property sales.

What is the population change each year in a city like Basingstoke?

To assess the shifts in Basingstoke’s population over time, analyse how the population has altered. Look at the ten year change of population of 7%, alongside the five-year change of 2%.

prices for houses on sale in the broader vicinity of Basingstoke?

In Basingstoke, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Is investing in a house for sale in Basingstoke a financially demanding choice?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Basingstoke, this figure stands at £254,216, while the UK average is £286,500.

Who are the best estate agents in the city of Basingstoke?

Looking to pruchase a home to live in or for an investment? Discover agents in the city of Basingstoke below who are ready to help you navigate the home buying journey. From viewing listings to making offers, rely on an knowledgeable professional tailored to your neighborhood and preferences to eliminate the headache of searching:

Estate agent Email Contact number Address of agent
Chequers Phone number only 441256369648 1 Winton Square, Basingstoke, RG21 8EN
Charlton Grace Phone number only 441256369644 12a Winchester Street, Basingstoke, RG21 7DY
Gascoigne Pees – Basingstoke Lettings Phone number only 441256371333 35 Winchester Street, Basingstoke, RG21 7EE
Barons Phone number only 441256677965 4 Winton Square, Basingstoke, RG21 8EN
Sovereign Housing Association Jack Taylor (jack.taylor@sovereign.org.uk);Karen Giles (karen.giles@sovereign.org.uk);Alan Winter (alan.winter@sovereign.org.uk);Kelly Mcarthur (kelly.mcarthur@sovereign.org.uk);Robert Hicks (robert.hicks@sovereign.org.uk);Mona Shah (mona.shah@sovereign.org.uk);Mark Washer (mark.washer@sovereign.org.uk);Nicole Sharp (nicole.sharp@sovereign.org.uk);Matthew Cooper (matthew.cooper@sovereign.org.uk) 441635275131 17-24

Download agent details

Grab the latest property news, tailored for landlords

Viral, succinct and crucial information, straight to your inbox, every week

donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *