Andover Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Edition

Andover: Army garrison town with steady housing demand and development land availability.

The Andover property market recorded 2,040 residential sales in the 12 months to 31 May 2026, with a median sale price of £358,250. This places Andover £7k above the Hampshire county median of £350,875, and £73k above the approximate UK median of £285,000.

Prices in Andover have been broadly stable, a year-on-year change of -1.8%. Within Hampshire, Andover ranks 5th by price out of 10 principal towns, and 6th by transaction volume.

On a quarterly view, Andover median prices moved from £365,000 in Q4 2024 to £345,000 in Q1 2026, a change of -5.5% over 5 quarters.

Test Valley Borough Council, the local planning authority covering Andover, approved 90 residential planning applications and refused 32 in the last 12 months, with 101 still awaiting a decision. That is an approval rate of 74%.

Those applications propose around 4,269 homes, an estimated £1.5bn of development value at local sale prices. Treat the unit total as an upper bound, since an outline permission and its reserved-matters application both count.

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 £565,000, while flat properties are most accessible at £180,000. The £385k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

HM Land Registry has so far registered 55 new-build sales in Andover for the past 12 months, 2.7% of registered transactions. New-build sales are typically registered 6 to 18 months after completion, so this understates current delivery and is not a completions figure.

On those registered sales, new builds in Andover sold at a premium of 19.7% to existing stock.

Across the wider Hampshire market, 454 new-build sales have registered so far. See our Hampshire property market report for the full county picture.

The table below shows the most recently registered residential sales in Andover, 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 £340,000 to £615,000 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 £358,250 and detached homes at £565,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Andover with a GDV of £565,000 would attract senior debt of approximately £367,250 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 1.8% 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.