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Contains OS data © Crown Copyright and database right 2017
£400,000 - £600,000
£600,000 - £700,000
£700,000 - £800,000
£800,000 - £1,000,000
£1,000,000+
DORSET AND SOUTH SOMERSET SALES MARKET INSIGHT 2018
Source: Knight Frank Research / VOA Source: Land Registry
2000-present
1973-1999
1945-1972
1900-1939
Pre-1900 18%
17%
25%
28%
13%
Property sales in Dorset and South Somerset Achieved prices, year to March 2018 (£400,000 and above)
Luke Pender-Cudlip, Head of Knight Frank’s Sherborne office
“ A number of our buyers are moving from London or from
further afield and buying homes in the countryside and villages
in Dorset and South Somerset. In fact, 57% of our sales since
2016 have been to buyers from outside of the South West
region. The most challenging aspect of the market has been
– and continues to be – a relative shortage of new property
being offered for sale in the most popular towns and villages.
In the last few weeks, however, we have seen an uptick in new
listings, which should help underpin activity in 2018.”
Market update Property prices in Dorset and South Somerset rose by 1.6% between January and March 2018 and have climbed 3.5% over the last 12 months, according to Knight Frank data. Price growth has eased slightly over the past two years, in line with a wider trend seen across the UK. Prime markets, in particular, have had
to adjust to higher rates of stamp duty, as well as political uncertainty. However, while this may be the case, our figures suggest that underlying demand remains robust. Our figures show year-on-year increases in the number of new prospective buyers, property viewings and transactions over the 12 months to March.
3.5% Annual price change
1.6% Quarterly price change
Dorset and South Somerset : Fact file
Property type all properties
Property age all properties
Semi-detached
Terraced
Flat 28%
Detached 28%
22%
22%
RESIDENTIAL RESEARCH
Source: Knight Frank Research / Land Registry
DORSET AND SOUTH SOMERSET SALES MARKET INSIGHT 2018
SHERBORNE SALES
Dorset and South Somerset : Key stats
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
TOTAL TRANSACTIONS AVERAGE SALE PRICE (ALL MARKET)
Averag
e price o
f all salesN
umb
er o
f sa
les
2009 2010 2011 2012 2013 2014 2015 2016 20170
£50,000
£100,000
£150,000
£200,000
£250,000
£300,000
Source: Knight Frank Research / EPC / Rightmove
Important Notice
© Knight Frank LLP 2018 – This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.
£394
FT2
AVERAGE £ PER SQUARE FOOT FOR PRIME PROPERTY
SOLD IN 2017
24NUMBER OF TRAINS FROM SHERBORNE
TO LONDON WATERLOO ON AN AVERAGE WEEKDAY
57%OF KNIGHT FRANK BUYERS HAVE MOVED TO SHERBORNE FROM OUTSIDE OF THE
SOUTH WEST SINCE 2016
11%YEAR-ON-YEAR INCREASE IN PROPERTY VIEWINGS
WITH KNIGHT FRANK(to Mar 2018)
£394
FT2
AVERAGE £ PER SQUARE FOOT FOR PRIME PROPERTY
SOLD IN 2017
24NUMBER OF TRAINS FROM SHERBORNE
TO LONDON WATERLOO ON AN AVERAGE WEEKDAY
57%OF KNIGHT FRANK BUYERS HAVE MOVED TO SHERBORNE FROM OUTSIDE OF THE
SOUTH WEST SINCE 2016
11%YEAR-ON-YEAR INCREASE IN PROPERTY VIEWINGS
WITH KNIGHT FRANK(to Mar 2018)
£394
FT2
AVERAGE £ PER SQUARE FOOT FOR PRIME PROPERTY
SOLD IN 2017
24NUMBER OF TRAINS FROM SHERBORNE
TO LONDON WATERLOO ON AN AVERAGE WEEKDAY
57%OF KNIGHT FRANK BUYERS HAVE MOVED TO SHERBORNE FROM OUTSIDE OF THE
SOUTH WEST SINCE 2016
11%YEAR-ON-YEAR INCREASE IN PROPERTY VIEWINGS
WITH KNIGHT FRANK(to Mar 2018)
£394
FT2
AVERAGE £ PER SQUARE FOOT FOR PRIME PROPERTY
SOLD IN 2017
24NUMBER OF TRAINS FROM SHERBORNE
TO LONDON WATERLOO ON AN AVERAGE WEEKDAY
57%OF KNIGHT FRANK BUYERS HAVE MOVED TO SHERBORNE FROM OUTSIDE OF THE
SOUTH WEST SINCE 2016
11%YEAR-ON-YEAR INCREASE IN PROPERTY VIEWINGS
WITH KNIGHT FRANK(to Mar 2018)
Source: ONS
Who moves to Dorset? Internal migration, top 20 Local Authorities/Regions (2016)
Num
ber
of
peo
ple
Where people moved from (Local Authority)
0
200
400
600
800
1,000
Plym
outh
Ayle
sbur
y Va
le
Test
Val
ley
New
For
est
Men
dip
Bath
and
Nor
th E
ast S
omer
set
Scot
land
Sout
ham
pton
East
Dor
set
Corn
wal
l
Brist
ol
Bour
nem
outh
Wilt
shire
Pool
e
Purb
eck
East
Dev
on
Nor
th D
orse
t
Lond
on
Sout
h So
mer
set
Wey
mou
th a
nd P
ortla
nd
Luke Pender- Cudlip MRICSPartner, Office Head+44 1935 [email protected]
Simon Barker MRICS Partner+44 1935 [email protected]
Transaction volumes and pricing data in Dorset and South Somerset
RESIDENTIAL RESEARCH
Oliver KnightAssociate+44 20 7861 [email protected]
COUNTRY HOUSE SALES
James McKillop MRICSPartner+44 20 7861 [email protected]
