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These are the current prime property hotspots outside of London

Matthew Miller
Authored by Matthew Miller
Posted: Wednesday, April 28, 2021 - 15:04

Research by the leading mortgage broker for global high-net-worths, Enness Global Mortgages, has revealed which areas of the property market are seeing the most prime purchases outside of London.

Enness analysed property transactions for £3m and above across England over the last year and found that 886 homes were sold within the prime market with an average sold price just shy of £4m.

London accounted for 78% of these high-end transactions, however, the South East (15%), South West (3%), East of England (2%), North West (1%) and West Midlands (0.2%) also saw a number of homes sell for £3m or above.

Outside of London, Elmbridge ranks as the nation’s prime property hotspot with 31 homes sold in the last year. Buckinghamshire also saw the number of high-end homes swapping hands sit in double figures (14), as did Windsor and Maidenhead (11).

Runnymede (9) and Bournemouth, Christchurch and Poole (9) also ranked high for posh property sales, along with Waverley (8), Chichester (7), Cornwall (6) and South Oxfordshire (6).

The rest of the top 15 included Sevenoaks, Oxford, St Albans, Hertsmere, Cheshire East and the New forest, all of which saw five homes sell at £3m or more in the last 12 months.

Teignbridge was home to the highest sold price outside of London at £6.2m, with Stratford-on-Avon also breaking the £6m mark (£6.15m).

CEO of Enness Global Mortgages, Islay Robinson, commented:

“With so much talk of the prime London market, you could be forgiven for forgetting that plenty of homes change hands for considerable sums outside of the capital.

We’ve seen lockdown spur an uplift in buyer demand for bigger homes with more outdoor space and this is no different at the very top end, with high-end homebuyers also keen to upgrade the pandemic property potential.

While the highest price of property means this high-end activity has been largely focussed within the south, the North West has no doubt cemented it’s spot as the prime property hotspot of the North.”

Table shows the number of transactions and median sold price across the £3m+ market

Location

Count - transactions

% of all transactions

Median Sold Price

England

886

N/A

£3,999,975

London

692

78%

£4,050,000

South East

136

15%

£3,750,000

South West

30

3%

£3,500,000

East of England

18

2%

£3,727,500

North West

8

1%

£3,418,100

West Midlands

2

0.2%

£4,800,000

Data sourced from the Land Registry Price Paid records for primary property purchases completing between Mar 2020 and Feb 2021 (latest available data). Excludes properties listed by type as 'other'.

 

 

 

 

Data sourced from the Land Registry Price Paid records for primary property purchases completing between Mar 2020 and Feb 2021 (latest available data). Excludes properties listed by type as 'other'.

Table shows the top 15 highest transaction levels at £3m and above

Location

Count - transactions

Median Sold Price

ELMBRIDGE

31

£3,800,000

BUCKINGHAMSHIRE

14

£3,712,500

WINDSOR AND MAIDENHEAD

11

£3,750,000

RUNNYMEDE

9

£5,605,000

BOURNEMOUTH, CHRISTCHURCH AND POOLE

9

£3,500,000

WAVERLEY

8

£3,555,000

CHICHESTER

7

£3,675,000

CORNWALL

6

£3,300,000

SOUTH OXFORDSHIRE

6

£3,675,000

SEVENOAKS

5

£3,390,000

OXFORD

5

£3,650,000

ST ALBANS

5

£3,830,000

HERTSMERE

5

£3,800,000

CHESHIRE EAST

5

£3,386,200

NEW FOREST

5

£5,000,000

Data sourced from the Land Registry Price Paid records for primary property purchases completing between Mar 2020 and Feb 2021 (latest available data). Excludes properties listed by type as 'other'.

 

 

 

Table shows the top 15 highest average sold prices at £3m and above

Location

Count - transactions

Median Sold Price

TEIGNBRIDGE

1

£6,200,000

STRATFORD-ON-AVON

1

£6,150,000

RUNNYMEDE

9

£5,605,000

COTSWOLD

2

£5,400,000

NEW FOREST

5

£5,000,000

WILTSHIRE

2

£4,997,850

SOUTH HAMS

2

£4,632,000

EPPING FOREST

1

£4,500,000

HORSHAM

3

£4,375,000

CHERWELL

1

£4,250,000

HART

2

£4,201,800

WINCHESTER

4

£3,950,000

MOLE VALLEY

2

£3,900,000

STROUD

1

£3,850,000

ST ALBANS

5

£3,830,000

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