South West: the market in figures
The South West holds 4th place among the regions at £304,139, 3.6% above the English average. Over the year the figure did not move at all, 0%, and its peak of £314,238 dates from 2022.
From £228,579 in 2016 the average has gained 33.1%, or £75,560. Growth was 5.7% and 3.2% in the opening years, then 6.4% for 2021 and an exceptional 15.4% for 2022, the biggest annual step in its series. Three weaker years followed: down 2.3%, down 1.3%, and up 0.4%.
A flat averages £173,470 and a detached home £497,091, which is £323,621 apart, or 186.6%. Terraced properties stand at £266,094, semi-detached at £325,573. First-time buyers pay £250,662, 17.6% under buyers overall.
The 13 covered areas start with South Hams at £360,616, up 0.8%, City of Bristol at £353,596, up 0.9%, on 5,832 sales, and South Gloucestershire at £335,572. City of Plymouth is the lowest at £223,229 and rose 3.2%. Cornwall averages £274,570, down 2.9%, with 8,004 sales, and Somerset £282,498, up 2.8%, with 8,331, the most in the region. North Somerset rose 3.6%, while Bournemouth Christchurch and Poole fell 1.9%. The regional count is 81,364 sales. London, the South East and the East of England all cost more, with the West Midlands the nearest below at £250,731.
On the regional average, a mover's tax bill is £5,207, 1.7% of the price. A first-time buyer owes just £207, and an additional property £20,414, with the usual £150 registry fee. All of it is Stamp Duty Land Tax.
Payotte, from the UK HPI and the calculator.
Calculate for South West
Frequently asked questions
What is the average house price in the South West?
The average price of a home in the South West was £304,139 in August 2026, 0% over twelve months (UK House Price Index).
Have house prices gone up in the South West?
The average price in the South West went from £228,579 in August 2016 to £304,139 in August 2026, a change of +33.1%; 0% over the last twelve months (UK House Price Index).
How much Stamp Duty Land Tax on an average-priced home in the South West?
On £304,139, Stamp Duty Land Tax (SDLT) comes to £5,207 for a home mover, £207 for a first-time buyer and £20,414 for an additional property, at the rates in force in England.
How much tax when you sell a home in the South West?
None on your main home if it was your only home, lived in for all the time you owned it, not let out and not used exclusively for business (Private Residence Relief). A second home or a buy-to-let pays Capital Gains Tax above the £3,000 allowance (2026 to 2027; rates in the calculator above). Bought at the average price in the South West in August 2016 (£228,579) and sold at the August 2026 average (£304,139), the gain of £75,560 costs a higher rate taxpayer £17,414, before deducting the costs of buying, selling and improving. The tax is reported and paid within 60 days of completion (HMRC).
Prices by property type, August 2026
| Type | Average price | England |
|---|---|---|
| Detached | £497,091 | £472,671 |
| Semi-detached | £325,573 | £291,962 |
| Terraced | £266,094 | £247,371 |
| Flat or maisonette | £173,470 | £218,563 |
| All types | £304,139 | £293,525 |
| First-time buyers | £250,662 | £246,042 |
The UK HPI is a mix-adjusted average (a hedonic model), not the price of the homes sold in the month. Northern Ireland figures are quarterly.
The trend, August of each year
| Year | Average price | Change on the year before |
|---|---|---|
| 2016 | £228,579 | — |
| 2017 | £241,705 | +5.7% |
| 2018 | £249,459 | +3.2% |
| 2019 | £249,320 | -0.1% |
| 2020 | £255,918 | +2.6% |
| 2021 | £272,401 | +6.4% |
| 2022 | £314,238 | +15.4% |
| 2023 | £307,132 | -2.3% |
| 2024 | £303,164 | -1.3% |
| 2025 | £304,262 | +0.4% |
| 2026 | £304,139 | -0% |
Areas covered in the South West
Sources
- Prices and sales: UK House Price Index, file UK-HPI-full-file-2026-08.csv. Contains HM Land Registry data © Crown copyright and database right 2020. This data is licensed under the Open Government Licence v3.0.
- Purchase tax: rates and sources of the calculator (HMRC).
- Tax when you sell: Capital Gains Tax rates, Tax when you sell your home and Report and pay your Capital Gains Tax (GOV.UK, HMRC).