SO23 (Winchester) area guide

SO23
Winchester
The SO23 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Abbotts Barton, Compton and Otterbourne, Hampshire, Headbourne Worthy, Itchen Valley, Kings Worthy, Sparsholt, St Bartholomew, St Cross, St John and All Saints, St Michael, St Paul, Winchester.
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Notes:

A Mouseprice property guide for SO23 Winchester is coming soon. In the meantime, please have a look at the raw data and statistics about SO23 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Southampton propertyThe size of the property market in SO23 is 9479 homes.

Southampton propertyProperty in this postcode district (SO23) has been growing at a nominal annual rate of 15.1% over the last 5 years. This rate can be indicative ofa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Southampton propertyAverage property prices in this postcode district over the last three months have been approximately £293795.

Southampton propertyWhen examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 10.4. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.

Southampton propertyNew transactions as a percentage of overall sales are 10.3%.

Housing stock:

Winchester propertyIf you are specifically looking to buy Flats, this would be an excellent area for you to explore, with 33.8% of properties being this type.

Winchester propertyThe least common type of property in this area is Semi- Detached Houses (18.3% of the total housing stock).

Winchester propertyThe property in this area caters well for retirees and young couples who do not have large families.

Winchester propertyA high proportion of property in this area is socially rented.

Winchester propertyThe majority of property in this area is owner occupied.

Winchester propertyThe average price of a two bed property in this area is higher than the national average of £187894 at £259889.

Who lives here:

Winchester propertyWinchester propertyThe average age in this area is 38.
Winchester propertySingle people make up 35.9% of the population in this postcode district.
Winchester propertyAverage working hours in this area for men are 43 and for women are 32.
Winchester propertyThis area has 8.1 people per square kilometre.
Winchester propertyJob prospects in this area are good with low unemployment (1.9%). Most jobs are found in the Real Estate and Wholesale & Retail sectors.
Winchester propertyThis area has one of the highest proportions of degree educated people in the country, at 33.9%.