Winchester
Residential market update
For more property insight and professional advice on your home and the local market, your local Carter Jonas team are here to support you. Contact us or pop in to your local office to chat to the team.
020 7529 1538
Leslie Schroeder
Head of Residential Research
Email
01962 790643
Email
Sophie Richardson
Head of Residential Sales
01962 790638
Email
Stephanie Turrell
Head of Lettings
The current average property price in Winchester is just over £456,300, reflecting a slight fall of 2.4% over the last 12 months.
AUTUMN 2025
Residential market activity is slowly beginning to bounce back toward normal levels following the stamp duty changes from 1st April. However, two factors: general economic uncertainty and global geopolitical concerns, are slightly dampening the market and restraining growth. The primary constraint is stretched affordability, as wage growth has lagged behind house price increases over the last 5-10 years. Nevertheless, buyer demand remains resilient. Given the expectation of at least one more interest rate cut in the next 6-12 months, we forecast consistent sales and price growth at a more sustainable rate of 1.5-2.5% in 2026.
By comparison, property prices in the wider region of the South East have grown by around 1.2% with the average property here being £381,764.
During the 'pandemic period', Winchester saw prices in the area increase by an average of 18%. Since September 2022, however, prices have undergone a slight correction, with an average decline of approximately 7%.
In the private rented sector, average rents in Winchester are £1,448 per calendar month, around 7% above the national average of £1,348 pcm.
A strong level of tenant demand and lack of available rental supply in the area has meant rents have increased rapidly over the last three years, increasing by 20% since late 2022, and nearly 5% just over the last 12 months alone.
Average property price
Annual growth
WINCHESTER:
SOUTH EAST:
£456,386
£381,764
-2.4%
1.2 %
WINCHESTER:
SOUTH EAST
Average rental
price
Anual growth
Key indicators
SALES
LETTINGS
£1,448
£1,348
WINCHESTER
UK:
4.8%
5.7%
WINCHESTER:
UK:
2.4%
1.2%
7%
7%
5%
Data dashboard
SALES market
rental market
Average sales
price
12 months ago
curreNT
£472,846
£456,386
617
551
Properties available monthly
74
54
Properties sold
monthly
1.80%
1.47%
Average discount on initial asking price
78
71
Average days on the market
curreNT
12 months ago
£1,336
£1,448
Average rental price (pcm)
357
408
Properties available monthly
34
36
Average days on the market
Average monthly mortgage repayment**
(assume average house price of £456,386)
2.50%
2.90%
3.67%
2026
2028
2030
Interest rate forecasts
£2,141
£1,942
£1,740
4.43%*
3.5%
£2,091
4.2%
£1,840
3.0%
2.5%
6.2%
5.3%
2.3%
2026
2028
2030
UK
house price growth
5.6%
4.8%
1.8%
2026
2028
2030
Winchester house
price growth
Forecasts
5.6%
4.8%
1.6%
2026
2028
2030
South East house price growth
01962 790643
Email
Sophie Richardson
Head of Residential Sales
Example mortgage rate
Sources used: Carter Jonas Research, HM Land Registry, ONS Price Index of Private Rents, Oxford Economics (forecasts), REalyse (data dashboard, 12-month rolling averages)
* Average rate at early October 2025
**Average monthly mortgage repayments: 25 year period, 15% deposit. Mortgage rates are not forecasts but examples and are for illustrative purposes only.
We’re looking at what’s driving the property market right now and how it’s playing out in your area. Read our Autumn/Winter 2025 local market report for the latest property data and insight.
4.43%*
3.5%
4.2%
3.0%
2.5%
Example mortgage rate