Buy-to-let in Test Valley
Yields, prices, demand and local risks for Test Valley, covering Andover, Romsey, Stockbridge.
Test Valley in figures
- Gross rental yield
- 4.7% to 5.2%
- By kind of home, across Test Valley
- Entry price, across its towns
- £270,000 to £425,000
- The cheapest postcode district's median sale
- Price move, 12 months
- +0.8%
- UK House Price Index, across Test Valley
- Price move, 10 years
- +34.3%
- UK House Price Index, across Test Valley
- Population
- 135,698
- Test Valley, +5.3% growth
- Terraced houses across Test Valley let for £1,260/mo against a median sale of £290,000 there: 5.2% gross before costs, on ONS rents and sold prices for the whole authority.
- ONS puts the median rent across the whole local authority at £1,235/mo, which is the figure to check an asking rent against.
- Prices across Test Valley rose 0.8% over the last year on the mix-adjusted UK HPI, which is measured for the whole local authority.
- Prices +34% over ten years (Test Valley)
- £17,000 stamp duty with the 5% surcharge on a £270,000 buy-to-let
- 1 regeneration award (Test Valley)
- 297 homes added across Test Valley
- Band D £2,306 (Test Valley)
- 0.5% long-term empty across Test Valley
- +17% five-year forecast for South East as a whole (Savills), not this area
These figures are from Clarity's monthly ranking dataset, one method across every place so they compare. The Test Valley report measures the area in more depth over its own twelve months, so its figures are the ones to quote.
What sits behind the figures
Prices across Test Valley moved +34.3% over ten years on the UK House Price Index.
Employee jobs across Test Valley moved +1.7% from 2015 to 2024 (ONS Business Register and Employment Survey).
39% of the energy performance certificates lodged across Andover's postcode districts are below band C (25,356 certificates). Clarity measures areas rather than individual homes, so this is the share of the local stock likely to need energy-efficiency work before it meets a band C standard, not a survey of any one property.
A buy-to-let at £270,000 pays £17,000 in Stamp Duty Land Tax, including the 5% surcharge on additional homes.
The five-year forecast quoted above (Savills, South East) is a regional figure for South East as a whole, not a forecast for Test Valley, and Clarity does not rank on it.
Towns in Test Valley
| Town | Entry price | Gross yield | Tenant demand |
|---|---|---|---|
| Andover | £270,000 | 5.2%terraced houses | 6.1/10 |
| Romsey | £335,000 | 4.7%semi-detached houses | 6.7/10 |
| Stockbridge | £425,000 | 4.7%semi-detached houses | 7.1/10 |
Each yield is Test Valley's, for the kind of home that town's prices point to, and the year's price move is measured across Test Valley as a whole, so towns pointing to the same kind of home share a yield.
The Test Valley report
The full report measures Test Valley from its own sales: sold prices and rents for each type of home, the year's price move, crime per resident and worker, flood risk, planning designations, housing delivery and regeneration funding, with a worked buy-to-let deal on your own budget. This edition was built in October 2026.
Read the cover of the Test Valley report, free, with its headline figures, before you decide.
You own this report
The latest Clarity PDF report for Test Valley, monthly rebuilds included.
Read a full Liverpool report, free to see everything a report contains.
Compare it with everywhere else
The investment map ranks Test Valley against every other place we cover, on your own budget and strategy. Questions about the figures or about us are answered here.
Sources and further reading
- HM Land Registry: UK House Price Index
- HM Land Registry: Price Paid Data (England and Wales)
- Registers of Scotland: property market statistics (Scotland)
- ONS: Price Index of Private Rents
- ONS: Population estimates
- ONS: Business Register and Employment Survey
- MHCLG: Energy Performance of Buildings Data (England and Wales)
- HMRC: Stamp Duty Land Tax