Tue, 09 Aug 2022 | Sandhurst market update
It’s great news for buyers searching in Sandhurst at the moment, as 23% more properties came to market in July compared with June. If you’re looking for a property in the area, check out our July market update to find out everything you need to know about the Sandhurst property market.
It’s particularly good news for buyers looking for two bedroom properties in the area, as the number of two bedroom homes listed in Sandhurst almost doubled last month compared with the month before. This means more choice for the large number of first time buyers and investment buyers looking to purchase a home of this size in Sandhurst. However, the number of buyers registered with us for two bedroom properties is now over twice the number of two bedroom properties available on the market, so you will still need to act quickly to beat the competition and secure a property of this size in the area.
For buyers of four bedroom properties, it’s a similar story. The number of properties listed of this size increased by a third in July, so family buyers can enjoy more choice of homes in the area this summer. This is especially helpful for those buyers looking to relocate to be within the catchment areas of high-esteemed schools in the area such as Uplands Primary School and Nursery and Sandhurst School (secondary). However, if you need to relocate to get into your school of choice, you will need to act quickly, as the average completion time is currently at 150 days. This is due to an industry-wide conveyancing lock-jam slowing down transactions and making it increasingly difficult for buyers to be moved into their new home in time for the school application deadline in January. If you need to put your current property on the market to be able to move, we recommend booking a valuation with us as soon as possible to increase your chances of securing your dream home and dream school.
If you’re upsizing from a three bedroom property, the current demand level for three bedroom properties will certainly work in your favour. This was the only property type in Sandhurst where the listings actually dropped in July compare with June, and yet the number of three bedroom properties sold remained the same as the month before. 14 were listed and 12 of the same size were sold, showing just how much demand is outweighing supply in the area. In fact, the number of buyers registered with us for this type of property is almost triple the number of homes this size on the market, so if you were to sell your three bedroom home in Sandhurst on the current market place, you’d be likely to achieve a speedy sale and at a great price. You’ll then be free to move forward as a proceedable buyer when perusing the wide choice of four bedroom properties in the area! Book a valuation with us today to find out how much could be achieved for your three bedroom property.
On the high end of the property market, the most expensive property to sell in Sandhurst was a £850,000 five bedroom property on Abingdon Road which sold within just four days of being listed. If you’re looking for properties of the same calibre, six of a similar size were listed last month, with the most expensive being a five bedroom property on Lower Church road priced at £1,450,000.
On the other hand, the least expensive property to be sold last month (excluding shared ownership and retirement properties) was a £170,000 one bedroom property on Woodlands Court. If you’re looking for similar properties, whether for investment or as a first time purchase, there are currently over 10 properties on the market priced at under £200,000. Register with us today to be the first to find out about properties you’ll love in the local area.
Ready to sell your Sandhurst property? Book a valuation with your local experts at Prospect Sandhurst today to find out how much you could achieve for your property on the current marketplace.
Want to discuss the Sandhurst market further? Give our Sandhurst team a call on 01252 267 718.