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New builds in SP1: what they really sell for.

1 new-build homes sold in SP1 in the last 12 months, 0% of all sales. New flat homes sold for a median £176,250, 4.7% less than existing ones.

Salisbury, covering Laverstock, Old Sarum & Lower Bourne Valley, Salisbury Harnham East, Salisbury Milford, Salisbury St Edmund's, Salisbury St Francis & Stratford, Salisbury St Paul's.

New homes sold

1

0% of sales, last 12 months

New-build premium

-4.7%

Flat homes

Resold, vs market

+4.2%

Market +12.3%

Energy bills

—

No certificates yet

Developments

Where new homes have sold

New streets with three or more new-build sales in the last two years. Price per m² uses floor areas from each home's energy certificate.

Castle StreetSP1 3SW · flat · 10 sold · latest Oct 2025
£138k–£234k

The premium

New against existing homes

Median sold prices over the last two years. New homes are often a different size, so this is a guide rather than a like-for-like comparison.

Flat

-4.7%

New £176k · existing £185k

10 new-build sales

Resale

Do new builds in SP1 hold their value?

Bought new, resold

+4.2%

Local market, same years

+12.3%

Kept pace

18 of 94

Typically held 4.6 years

Homes in SP1 that Land Registry records as bought new and later resold, against the UK house price index for the same type of home and years. Shared-ownership first sales are left out.

HM Land Registry price paid data, standard sales only, to September 2026. New homes appear once their sale is registered, usually a few weeks after completion.

Questions

How much more do new builds cost in SP1?

Over the last two years, new flat homes in SP1 sold for a median £176,250 against £185,000 for existing ones, a difference of -4.7%. New homes are often a different size or spec, so compare price per square metre for a specific plot.

Do new builds in SP1 hold their value?

94 homes in SP1 bought new and later resold changed by a median +4.2%, typically after 4.6 years. The local market moved +12.3% over the same periods, so buyers of new homes generally lost some of the new-build premium.

Which new developments are selling in SP1?

Recent new-build sales recorded by Land Registry in SP1 include Castle Street. New streets appear once the first homes complete.

How do I know if a new build in SP1 is fairly priced?

Compare the asking price per square metre with plots already sold on the development, allow for the new-build premium, and negotiate extras as well as price. Proptel's new-build check does this for one plot for £9.99, with the extras to ask for and a letter for the sales office.

© 2026 Proptel · Property data for buyers