Story Highlights
- West Berkshire had total property sales of £1.14 billions in 2016
- The total number of properties sold in 2016 was 2,542 properties
- The average sales price in West Berkshire was £448 K, whereas median was £327 K
- New Property sales were 4.9% by value, where as Not New Property contributed 95.1%
- Stamp duty changes caused monthly spike in March
- Brexit coupled with Stamp Duty Hike did not have impact as West Berkshire property market had growth of 3.6% in 2016 over 2015
West Berkshire is one of the districts of Berkshire.
Total Sales By Property Type
West Berkshire had total property sales of £1.14 billions, which was 17.35% of Berkshire Property Market 2016
The split across the different property types in West Berkshire are:
- Detached £428 millions (37.6%)
- Semi-Detached £218 millions (19.14%)
- Other £207 millions (18.15%)
- Terraced £168 millions (14.71%)
- Flat/Maisonette £118 millions (10.4%)
West Berkshire Property Market at Postcode level
Postcode |
Coverage Area |
School |
Local Authority Area |
OX12 |
Wantage,Grove,Ardington,Charney Bassett,Childrey, Challow (East&West),Denchworth,Farnborough (Be rks),Fawley, Ginge (East & West),Hanney(East&a mp;West), Hendred (East&West),Kingston Lisle,L etcombe Bassett,Letcombe Regis,Lockinge(East&W est),Lyford,Sparsholt |
Details |
Vale Of White Horse, South Oxfordshire, West Berkshire |
RG7 |
Aldermaston,Bradfield,Burghfield Common,Riseley,Si lchester,Mortimer,Swallowfield,Theale,Woolhampton |
Details |
West Berkshire,Basingstoke and Deane, Wokingham |
RG8 |
Goring,Streatley,Pangbourne,Whitchurch-on-Thames |
Details |
South Oxfordshire, West Berkshire |
RG14 |
Newbury(whole town area) |
Details |
West Berkshire |
RG17 |
Chilton Foliat,Eastbury,Eddington,Kintbury,Hungerf ord,Inkpen,Lambourn, North Wessex Downs AONB area |
Details |
West Berkshire,Wiltshire |
RG18 |
Hampstead Norreys,Hermitage,Thatcham(north),Yatten don |
Details |
West Berkshire |
RG19 |
Ashford Hill with Headley,Bishops Green,Greenham, Thatcham (south) |
Details |
West Berkshire, Basingstoke and Deane |
RG20 |
Ashmansworth,Chieveley,Compton,Ecchinswell,Leckham pstead,Highclere,Kingsclere,Sydmonton |
Details |
West Berkshire, Basingstoke and Deane |
RG26 |
Baughurst,Bramley,Brimpton Common,Hannington,Pambe r End,Pamber Heath,Tadley |
Details |
Basingstoke and Deane, West Berkshire |
RG30 |
Tilehurst, Prospect Park,Purley-on-Thames, Reading (west),Southcote |
Details |
Reading, West Berkshire |
RG31 |
Calcot Row,Tilehurst |
Details |
Reading, West Berkshire |
Month-wise Break-up of Total Sales
Stamp Duty Hike Impact
- March had property sale spike of £141 millions compared to £63 millions in Feb
- The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016
Brexit Impact
- Brexit took place on 23rd June 2016.
- As can be observed from the month-wise break-up there does not seem to have been dip in property sales in the immediate after-math of Brexit
- Year on Year property market in West Berkshire has had growth of 3.6%
Total No Of Properties Sold By Property Type
West Berkshire had total property sales of 2,542. The split across the different property types are:
- Detached 732 (28.8%)
- Semi-Detached 617 (24.27%)
- Terraced 555 (21.83%)
- Flat/Maisonette 523 (20.57%)
- Other 115 (4.52%)
Average & Median Sales Price
The average sales price in West Berkshire was £448 K and for the different property types it was:
- Detached £585 K
- Semi-Detached £353 K
- Terraced £302 K
- Flat/Maisonette £227 K
- Other it is £1.8 million
Similarly median sales price in West Berkshire was £327 K and for the different property types are:
- Detached £487 K
- Semi-Detached £335 K
- Terraced £280 K
- Flat/Maisonette £200 K
- Other it is £420 K
New Vs Not New Property Statistics
By Sales Values the split is as follows:
- New Property contributed £56 millions (4.9%)
- Not New Property contributed £1.08 billions (95.1%)
By Total Number the split is as follows:
- New properties sold were 132 (5.19%)
- Not new property sold were 2,410 (94.81%)
All Berkshire Posts
Reference
RG Postcode Area As Per Wikipedia
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