Andover Property Market Overview
Army garrison town with steady housing demand and development land availability
The Andover property market recorded 1,323 residential sales over the past 12 months, with a median sale price of £345,000. This places Andover £3k above the Hampshire county median of £342,500, and £60k above the UK national median of £285,000.
Prices in Andover have shown a notable decline, with a year-on-year change of -5.5%. Within Hampshire, Andover ranks 5th by price out of 10 principal towns, and 6th by transaction volume.
Andover House Prices by Property Type
Property prices in Andover vary significantly by type. The table below compares Andover prices with Hampshire county averages and UK national figures.
| Type | Andover | Hampshire Avg | UK Avg |
|---|---|---|---|
| Detached | £556,250 | £560,624 | £420,000 |
| Semi-detached | £345,000 | £365,000 | £265,000 |
| Terraced | £285,000 | £297,500 | £230,000 |
| Flat | £175,000 | £177,500 | £225,000 |
Detached homes in Andover command £556,250, while flat properties are most accessible at £175,000. The £381k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Andover
Andover recorded 16 new-build transactions in the past 12 months, representing 1.2% of total sales. There is moderate development activity, with room for further growth.
New-build properties in Andover traded at a discount of 35.5% versus existing stock. Developers should focus on specification, design quality, and location to maximise values above comparable second-hand stock.
Across the wider Hampshire market, 175 new-build completions were recorded — see our Hampshire property market report for the full county picture.
Recent Property Sales in Andover
The following table shows the most recent property transactions recorded in Andover, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £280,000 | Terraced | SO51 5RD | 2026-02-23 | Existing |
| £562,500 | Detached | SP10 3JB | 2026-02-23 | Existing |
| £725,000 | Detached | SO20 8BG | 2026-02-20 | Existing |
| £340,000 | Terraced | SP10 3HX | 2026-02-20 | Existing |
| £315,000 | Semi-detached | SO51 0NL | 2026-02-20 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £280,000 to £725,000 illustrates the breadth of the Andover market.
Development Finance in Andover
For developers considering Andover, the local market data translates directly into finance structuring. With a median value of £345,000 and detached homes at £556,250, lenders can assess scheme viability with confidence.
A typical development finance facility for a Andover scheme with a GDV of £556,250 would attract senior debt of approximately £361,563 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 5.5% year-on-year, experienced developers can still generate strong returns in Andover by targeting well-located sites with clear demand drivers.
Ready to develop in Andover? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Andover Compared to Nearby Hampshire Towns
To put Andover's market in context, the table below compares it with similarly-priced towns across Hampshire:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Andover | £345,000 | 1,323 | -5.5% |
| Fareham | £340,000 | 1,337 | -2.9% |
| Aldershot | £336,000 | 382 | +4.2% |
| Farnborough | £355,000 | 541 | -3.3% |
| Eastleigh | £330,000 | 1,445 | -4.3% |
| Basingstoke | £365,000 | 1,827 | -2.7% |
For the full Hampshire town-by-town breakdown, see our comprehensive Hampshire property market report.
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5 min readFrequently Asked Questions
What is the average house price in Andover?
The median house price in Andover is £345,000, based on 1,323 transactions over the past 12 months. Detached homes average £556,250 while flat properties average £175,000.
Are house prices rising or falling in Andover?
House prices in Andover are falling at -5.5% year-on-year. This decline may present buying opportunities for investors and developers. The wider Hampshire market is falling at -2%.
How many properties sold in Andover recently?
Andover recorded 1,323 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Andover?
Developers in Andover can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.