Crowthorne: Selling Or Letting - Know The Values

Posted on: 13 October 2017

It would be fair to say that Crowthorne is regarded as an affluent area in the Bracknell Forest area of Berkshire, but there is still value to be found in this part of the country. With a population around the 7,000 mark, there is a viable level of interest in the market, which means it is helpful to know the value of property for both the selling and letting market.

As of October 2017, the average value of property, according to one leading online property specialist, the average value for property in Crowthorne stands at £530,070. The value change in the past 12 months in Crowthorne stands at an increase of 2.81%, which represents a rise of around 2.81%.

Prices look to be rising in Crowthorne in the past year

Over the past 12 months, the average price paid for property in Crowthorne stands at £507,243 while over the past six months, the average price paid for property in this area stands at £522,655 while in the past three months, the average price paid for property in Crowthorne stands at £570,702. Taking these figures at face value would suggest that property prices in Crowthorne are on the rise but given that there is a limited amount of data in the past three and six months, it is best to be cautious with respect to these figures. There is an air of positivity around the Crowthorne property market at this point in time but the market is still within reach for most buyers.

With a separate online property specialist suggesting that the average price paid for property in Crowthorne, as of July 2017 stands at £506,825, there is consistency across the different sources of property prices in the area. This is always good to see because it suggests that this is a true reflection of the property market at this point in time, which means you should be more confident about the figures provided.

Expected rental yields are important

Many people have an interest in the expected rental yields of an area and Crowthorne looks to be an area that has plenty to offer. A one bedroom property in this part of the country provides a 5.45% rental yield while two bedroom properties offer a 5.03% expected rental yield. The expected rental yield for a three bedroom property is 4.07% while the four bedroom property provides an expected rental yield of 3.87%. When it comes to five bedroom properties in Crowthorne, you will find that there is a 3.78% expected rental yield on offer.

With most investment specialists suggesting that a return of around 4% is the starting point for being happy with the return, it is clear to see that Crowthorne offers a good return with respect to the buy to let market. From a financial basis, the cost of buying property and then the expected return suggests that one and two bedroom properties are the best options to consider in Crowthorne.

Knowing the average rent matters

When it comes to the average rent you can expect from property in Crowthorne, a one bedroom property carries an average rent of £731 per calendar month while two bedroom properties offer an average rent of £987 per calendar month. For a three bedroom property, the average rent per calendar month stands at £1,308 and a four bedroom property offers an average of £1,795 each month. There aren’t too many five bedroom properties being let in Crowthorne so you shouldn’t place too much importance on the average rent but for the record, the average rent is listed as £2,349 per calendar month.

Across the entire lettings market in Crowthorne, the average rent per calendar month stands at £1,177 but of course, if you are only letting one or two properties, it is best to focus on the average rent for the property type you have.

Whatever you are looking to achieve in the Crowthorne property market, be it selling a home or letting it, it is important to know the values. Every home will have unique features or characteristics which may make it different from the average but as a starting point, know the values that are relevant to your property aims and goals. 

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