Sold £4,086/m² · Median sold £387,653 (1,353 sales) · Index +2.8% y/y · Turnover 2.2% · 12 months, sales to Jun 2026, listings to Sep 2026
What is Test Valley?
Buildings
55,483
Mixed-use buildings
1.0%
HMO-shaped units
3.0%
EPC A or B
21%
EPC D or worse
44%
What does Test Valley cost?
Test Valley: sold price per m² £4,086/m² (12 months to Jun 2026, 1,353 sales). -0.1% on the previous 12 months.
Sold price per m²
£4,086/m² 12 months to Jun 2026
1,353 sales
-0.1% on the previous 12 months.
Empirical-Bayes smoothed median of UPRN-matched completed sales per square metre (HM Land Registry Price Paid), monthly. 12-month figure: the monthly medians weighted by their sample, 12 months to Jun 2026, 1,353 sales.
Sold price
£387,653 12 months to Jun 2026
1,353 sales
-4.7% on the previous 12 months.
Empirical-Bayes smoothed median of UPRN-matched completed sales (HM Land Registry Price Paid), monthly. 12-month figure: the monthly medians weighted by their sample, 12 months to Jun 2026, 1,353 sales.
Sample is the matched completed sales behind the latest month. A month in which this cohort recorded no sale of its own carries the parent area's price rather than a measurement, and is not published with no sample.
Asking price
£385,841 12 months to Sep 2026
5,125 listings
-5.3% on the previous 12 months.
Median ASKING price of residential sale listings that came to market in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 5,125 listings.
Sample is the dated listings that came to market in the latest month (added and reduced cohorts).
Sold price per m²: £3,560/m² in Sep 2016 to £4,394/m² in Sep 2026.Sold price: £326,009 in Sep 2016 to £386,374 in Sep 2026.Asking price: £325,000 in Jan 2022 to £407,500 in Sep 2026.Asking price per m²: £4,659/m² in Aug 2025 to £4,625/m² in Sep 2026.Asking to sold: 101% in Jan 2022 to 94% in Dec 2024.
Settled months to Jul 2026; the dashed tail is the published projection of the index 8 months ahead, inside its 80% band. A projection of the index, not a forecast of any home's price.
ObservedForecast with intervalIndex points, not property prices
Asking price index: 95.2 in Jan 2022 to 103.5 in Sep 2026.
What does Test Valley earn?
Test Valley: asking rent £1,392/month (12 months to Sep 2026, 846 lets).
Asking rent
£1,392/month 12 months to Sep 2026
846 lets
Median asking rent per calendar month of residential lettings in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 846 lets.
Gross yield, asking basis
4.1% 12 months to Sep 2026
1,465 lets
+7.4% on the previous 12 months.
Cell asking rent × 12 over the same cell's asking sale price, before costs, voids and finance (cells with fewer than 5 dated listings are not built). 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 1,465 lets.
Sample is the dated lettings behind the latest month's rent cell.
Asking rent: £1,136/month in Aug 2025 to £1,435/month in Sep 2026.Gross yield, asking basis: 3.7% in Jan 2022 to 3.8% in Sep 2026.Asking rent index: 86.4 in Jan 2022 to 115.8 in Sep 2026.
How does Test Valley vary by home size?
Asking price in Test Valley runs from £161,182 for 1 bedroom to £872,073 for 5+ bedrooms.
Asking price by bedroom band in Test Valley. Each band shows its own window and sample. A band with fewer than 30 dated listings in the year is not published.
Homes
Asking price
Window
Change
Listings
1 bedroom
£161,182
12 months to Sep 2026
-5% on the previous 12 months
312
2 bedrooms
£257,687
12 months to Sep 2026
-2.7% on the previous 12 months
1271
3 bedrooms
£373,690
12 months to Sep 2026
-1.7% on the previous 12 months
1884
4 bedrooms
£595,600
12 months to Sep 2026
-1.2% on the previous 12 months
1274
5+ bedrooms
£872,073
12 months to Sep 2026
-11.5% on the previous 12 months
369
Asking price by bedroom band: the monthly medians of sale listings that came to market, weighted by their dated listings, within the last 12 calendar months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
How liquid is Test Valley?
Test Valley: turnover 2.2% (12 months to Mar 2026, 1,331 sales). -25.7% on the previous 12 months.
Turnover
2.2% 12 months to Mar 2026
1,331 sales
-25.7% on the previous 12 months.
Registered sales as a share of the dwelling stock, monthly; the 12-month figure adds the months. UPRN-matched sales, a floor on the registry count; the newest months fill in as registrations land. 12-month figure: the months added, 12 months to Mar 2026, 1,331 sales.
Sample is the matched completed sales behind the latest month. A month in which this cohort recorded no sale of its own has a rate of zero by arithmetic rather than a measured rate, and is not published with no sample.
Listings for sale
2,819 12 months to Sep 2026
2,819 listings
Residential sale listings observed in the month, from portal listings. 12-month figure: the months added, 12 months to Sep 2026, 2,819 listings.
New listings
3,508 12 months to Sep 2026
3,508 listings
+41.6% on the previous 12 months.
Listings first seen in the month and never reduced; undercounts new listings by the reduction share, by construction. 12-month figure: the months added, 12 months to Sep 2026, 3,508 listings.
Never-reduced cohort: undercounts new listings by the reduction share.
Turnover: 0.3% in Sep 2016 to 0.1% in Sep 2026.Listings for sale: 116 in Aug 2025 to 294 in Sep 2026.New listings: 218 in Jan 2022 to 361 in Sep 2026.Price reductions: 29 in Jan 2022 to 135 in Sep 2026.Live listings: 1,007 in Sep 2026 to 3,578 in Nov 2026.Days to completion: 132 days in Jan 2022 to 153 days in Dec 2024.
Who is active in Test Valley?
71 agents listed homes for sale in Test Valley; the three largest took 31% of the listings.
Agents active
71
Top three agents’ share
31%
New homes among listings
4.8%
Days to completion is on the listings matched to a registered sale, not a sell-through rate.
Who owns Test Valley?
Corporate landlords hold 68% of the 1,778 units in Test Valley whose freeholder is classified; 97% of all units are not yet classified.
Corporate landlords68% of classified · 1,217 units
Individuals (not traceable in bulk)16% of classified · 290 units
Housing associations14% of classified · 243 units
RMC1.6% of classified · 28 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does Test Valley rank?
Test Valley ranks 7th of 11 local authorities in Hampshire for sold price per m², at £4,086/m².
Sold price per m² · local authorities in Hampshire
Test Valley ranks 7th of 11 local authorities in Hampshire for sold price per m², at £4,086/m².
Sold price per m² across local authorities in Hampshire, 12 months to Jun 2026. Sample and confidence tier beside every value.
East HampshireNeighbouring local authority · Asking £5,190/m² · Sep 2026
EastleighNeighbouring local authority · Asking £4,097/m² · Sep 2026
FarehamNeighbouring local authority · Asking £4,337/m² · Sep 2026
GosportNeighbouring local authority · Asking £3,258/m² · Sep 2026
HartNeighbouring local authority · Asking £5,271/m² · Sep 2026
HavantNeighbouring local authority · Asking £3,866/m² · Sep 2026
New ForestNeighbouring local authority · Asking £4,688/m² · Sep 2026
Questions about Test Valley
What is the median house price in Test Valley?
Homes in Test Valley sold for a median £387,653 over the 12 months to Jun 2026, 1,353 sales. Per square metre that is £4,086/m². Registered completions, not asking prices.
How have house prices in Test Valley changed?
-0.1% on the previous 12 months.
What is the average rent in Test Valley?
Homes to let in Test Valley asked a median £1,392/month over the 12 months to Sep 2026, 846 lets. Asking rent, not the rent agreed.
What is the gross rental yield in Test Valley?
4.1% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Sep 2026, 1,465 lets. +7.4% on the previous 12 months.
How quickly do homes sell in Test Valley?
2.2% of the homes in Test Valley changed hands over the 12 months to Mar 2026, 1,331 sales.
Construction costs Context for residential research
Sector and regional evidence. These figures are not a quote for an individual property.