Andover Property Market: House Prices, Sold Data & Development Finance, End of H1 2026

Army garrison town with steady housing demand and development land availability

The Andover property market recorded 1,471 residential sales over the past 12 months, with a median sale price of £350,000. This places Andover £4k above the Hampshire county median of £346,500, and £65k above the UK national median of £285,000.

Prices in Andover have shown a moderate decline, with a year-on-year change of -4.1%. Within Hampshire, Andover ranks 5th by price out of 10 principal towns, and 5th by transaction volume.

Andover median prices have moved from £373,000 in Q1 2025 to £350,000 in Q2 2026, a change of -6.2% over 5 quarters.

Test Valley Borough Council — the local planning authority covering Andover — has 902 residential units in its current pipeline, an estimated gross development value of £315.7m, across 11 applications (0 approved, 11 pending) at an approval rate of 0%.

Property prices in Andover vary significantly by type. The table below compares Andover prices with Hampshire county averages and UK national figures.

Detached homes in Andover command £560,000, while flat properties are most accessible at £180,000. The £380k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

Andover recorded 10 new-build transactions in the past 12 months, representing 0.7% of total sales. There is moderate development activity, with room for further growth.

New-build properties in Andover traded at a premium of 39.3% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.

Across the wider Hampshire market, 88 new-build completions were recorded — see our Hampshire property market report for the full county picture.

The following table shows the most recent property transactions recorded in Andover, providing real-time evidence of achieved prices for buyers, sellers, and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £220,000 to £510,000 illustrates the breadth of the Andover market.

For developers considering Andover, the local market data translates directly into finance structuring. With a median value of £350,000 and detached homes at £560,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a Andover scheme with a GDV of £560,000 would attract senior debt of approximately £364,000 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 4.1% 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.

To put Andover's market in context, the table below compares it with similarly-priced towns across Hampshire:

For the full Hampshire town-by-town breakdown, see our comprehensive Hampshire property market report.