Wed, 07 Sep 2022 | Aldershot market update


In ‘normal’ years, August is the quietest month of the property market. But yet again, 2022 has proven to be no ‘normal’ year – in fact, contrary to tradition, property sales actually spiked in Aldershot last month!

Find out more about what happened in the Aldershot property market last month in our August market update.

One offer for every 3.5 viewings

Demand is high for properties in Aldershot as buyers continue to register with us in high numbers. With supply levels so low, our average viewing to offer ratio is one offer for every 3.5 viewings!

With a ratio like this, it is clear that our Aldershot buyers mean business and are motivated to move despite cost of living increases and affordability constraints. In fact, 30% of our registered buyers are first time buyers – those considered to be the hardest hit by the price rises. To compete against attractive buyers like these with nothing to sell, we would recommend putting yourself in a proceedable position by putting your property on the market as soon as possible.

This fierce competition is causing prices to soar. Last month, Prospect Aldershot achieved an average of 99.7% of asking price for our properties, with one four bedroom home on Vixen Drive receiving four offers and achieving 104% of asking price!

Which properties are in the highest demand?

With so many first time buyers searching in the area, it should come as no surprise that two bedroom properties were in high demand last month. 28 were listed and yet 30 were sold, showing the stark contrast between supply and demand. This drove up prices; last month, we sold a two bedroom property on Holly Road for 102% of asking price within just 24 hours of launching!

Three bedroom properties told a similar story. Almost half of the three bedroom properties listed in August were sold before the month was up, proving just how fast you have to act to secure a home this size. In fact, we sold two three bedroom properties on Beaumont Grove last month, one of which received three offers and sold for 102% of asking price!

Though two and three bedroom properties made up almost two thirds of the properties sold last month, there was also a substantial appetite for four bedroom properties in Aldershot. 13 were listed yet 14 were sold, proving the need for more four bedroom homes on the market to satisfy demand for this property type.

Investment opportunities

Last month, we sold three one bedroom apartments on Madrid road, each achieving excellent prices. Located just around the corner from Guildford station and with close to a 6% yield, these apartments would have made an excellent investment opportunity for any landlord looking to expand their portfolio in the area.

If you are looking to invest in a property that will attract commuters and young professionals in Aldershot, there are around 40 properties in the area priced under £200,000 that would make a great addition to your portfolio. Contact your local experts to find out more about investment opportunities in Aldershot.

Want to know how much your property could achieve on such a busy marketplace? Book a valuation today to find out!

If you are looking to move in the area but do not need help with a property sale, be sure to register with us to be the first to know about homes you’ll love in Aldershot.

And as always, if you would like to discuss the Aldershot market further, please do not hesitate to contact us on 01252 333 003.