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

New Town undergoing regeneration with bio-science employment base and major housing growth plans

The Stevenage property market recorded 721 residential sales over the past 12 months, with a median sale price of £345,000. This places Stevenage £105k below the Hertfordshire county median of £450,000, and £60k above the UK national median of £285,000.

Prices in Stevenage have shown modest growth, with a year-on-year change of +3%. Within Hertfordshire, Stevenage ranks 10th by price out of 10 principal towns, and 6th by transaction volume.

Stevenage median prices have moved from £342,000 in Q1 2025 to £335,000 in Q2 2026, a change of -2.0% over 5 quarters.

Stevenage Borough Council — the local planning authority covering Stevenage — has 9 residential units in its current pipeline, an estimated gross development value of £3.1m, across 1 applications (0 approved, 1 pending) at an approval rate of 0%.

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

Detached homes in Stevenage command £558,500, while flat properties are most accessible at £197,500. The £361k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

Stevenage recorded 0 new-build transactions in the past 12 months, representing 0.0% of total sales. New-build supply is limited, potentially indicating either planning constraints or an untapped opportunity for developers.

New-build properties in Stevenage traded at a discount of 0.0% versus existing stock. Developers should focus on specification, design quality, and location to maximise values above comparable second-hand stock.

Across the wider Hertfordshire market, 44 new-build completions were recorded — see our Hertfordshire property market report for the full county picture.

The following table shows the most recent property transactions recorded in Stevenage, 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 £285,000 to £380,000 illustrates the breadth of the Stevenage market.

For developers considering Stevenage, the local market data translates directly into finance structuring. With a median value of £345,000 and detached homes at £558,500, lenders can assess scheme viability with confidence.

A typical development finance facility for a Stevenage scheme with a GDV of £558,500 would attract senior debt of approximately £363,025 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.

With prices rising 3% year-on-year, Stevenage presents a supportive environment for new development. Lenders view positive price momentum favourably when assessing loan applications.

Ready to develop in Stevenage? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.

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

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