Wed, 07 Sep 2022 | Wokingham market update


As the quietest month of the year for the property market, it’s no surprise that the number of properties listed in Wokingham dropped in August. With the kids off of school, many families are more concerned with summer getaways than selling their properties. However, what’s unusual about this August is that despite the drop in Property listings, the number of property sales stayed the same, showing that despite heatwaves and holidays, Wokingham buyers are still determined to make a move.

126 properties were listed, and 125 were sold. Read on to find out more about what happened in the Wokingham property market in August.

Which properties are in highest demand?

It’s bad news for those looking for four bedroom properties in Wokingham right now, as the number of four bedroom homes listed dropped by 40% in August compared with July. 27 were listed, and yet 41 were sold, showing the extreme contrast between supply and demand for this type of property in Wokingham.

With this in mind, if you have a four bedroom property in Wokingham, now is a great time to sell to take advantage of this huge level of competition for homes like yours in the area. This level of demand won’t last forever!

In contrast, the number of two and three bedroom properties to come to market in August had actually increased compared with July, offering more choice for buyers looking for this property type. That’s not to say they didn’t sell quickly, though – one in three three bedroom properties listed in August were sold by the end of the month, showing just how popular family homes remain to be in Wokingham.

With demand this high, it’s no wonder that we are achieving on average one offer for every five viewings we have at a property. This proves how motivated our buyers are; they are not just high in quantity, but high in quality, too!

High end properties in Wokingham

Frequently voted as one of the best places to live in the UK, it’s no surprise that Wokingham is home to a thriving luxury property market. Last month, 10 properties priced over £1,000,000 sold in the area, with the most expensive being a stunning six bedroom family home on Heath Ride in Finchampstead, priced at £2,500,000.

As our branch for the finer properties in the Home Counties, Prospect Homes of Distinction have a selection of beautifully unique homes for sale in Barkham, Finchampstead and Wokingham. In fact, we listed a gorgeous £1,150,000 four bedroom home on Nine Mile Ride just last month!

If you’re looking for the perfect agent to sell your luxury home with pride and with care, book a valuation with Prospect Homes of Distinction to find out more about our high end property service.

Investment opportunities

On the other hand, the least expensive property to sell last month was a charming one bedroom ground floor maisonette on Toutley Road, sold after less than a month of marketing by Prospect. Located close to Wokingham town centre and with its own private rear garden and parking, this property would have made an excellent investment for any landlord looking to expand their portfolio in the area.

If you are looking to invest in a property that will attract the large number of young professionals and commuters looking to rent in the area, there’s currently around 25 properties priced under £250,000 in Wokingham that would make fantastic buy to let properties. Contact your local experts at Prospect Wokingham to discuss investment opportunities in the Wokingham area.

Are you looking to sell your property in Wokingham? Choose an agent that can expertly manage this level of competition. Here at Prospect, we sold three properties last month that other agents couldn’t sell – so if you’re looking for a speedy sale at a great price, we’re the agents for the job!

Book a valuation today to find out how much we could achieve for your property on this busy marketplace. If you don’t need help with a property sale, be sure to register with us to be the first to find out about properties you’ll love in the area!

As always, you can discuss the Wokingham property market further with one of our experts on 0118 997 6028.