Since the start of 2020, the South West has experienced a 30.8% rise in the price of semi-detached houses – the strongest growth rate of all UK regions for this type of property, according to Halifax.
Over the last year, the average property price in the South West was £346,952.
Of course, prices can vary dramatically as you can buy a home for as little as £160,000 or as much as over £2 million (if you can afford it!).
Rightmove has revealed the five priciest areas to buy in the South West based on data from May 2023.
Where are the most expensive areas to buy in the South West?
|
Area |
Average asking price |
|
Sandbanks |
£2.02 million |
|
Canford Cliffs |
£1.21 million |
|
Lansdown |
£926,523 |
|
Widcombe |
£847,110 |
|
Branksome Park, Dorset |
£765,678 |
Sandbanks
You’ll need over £2 million to afford the priciest area in the South West, which is Sandbanks in Dorset. The closest cities are Southampton and Winchester, which are up to 90 minutes away by public transport.
The affluent area is home to arguably one of the UK’s best beaches and is close to the popular Jurassic Coast.
Canford Cliffs
Canford Cliffs, which is only 10 minutes from Sandbanks, is the second most expensive area, with an average asking price of £1.21 million.
It’s near Poole Harbour and has a nearby beach, plus benefits from picturesque walks.
Lansdown
Lansdown in Somerset has an average asking price of £926,523.
It’ll take you 30 minutes to get to Bath, which is the only UK city that has been designated a UNESCO World Heritage site.
Bath has plenty of attractions, including its famous spas, and it’s 90 minutes from London by train.
Widcombe
Next on the list of the most expensive areas is Widcombe in Bath, which is only 15 minutes from the city centre by public transport.
The average asking price is £847,110. It is near many attractions, including the Bath Skyline and the Prior Park Landscape Garden.
Branksome Park
Finally, Branksome Park in Dorset has an average asking price of £765,678.
It is among Poole’s most affluent areas, with properties nestled among many trees with woodland walks alongside a nearby stream.
Branksome Park is also minutes from the beach, where you can enjoy sailing, open water diving or surfing.
Buying a house is a life-changing decision you shouldn’t make alone.
It’s a good idea to talk to a mortgage broker about your personal circumstances so they can find the best mortgage for you, wherever you decide to live.
See also:
The cheapest places to live in the South West
The most expensive places to live in the South East
The cheapest places to live in London
The most expensive places to live in Yorkshire
