Warfield schools top priority for buyers in the area

Tue, 09 Aug 2022 | Warfield market update

Where family homes are concerned, the Warfield property market has been like a yo-yo in the last few months. Some months we see a spike in family homes coming to market; others we see minimal properties of this size come to the market. There’s one thing that is true every month though – however many properties come to market, it’s not enough to satisfy the huge demand coming from family buyers in the area.

Read on to find out what happened on the Warfield property market in July.

Four bedroom properties

Four bedroom properties in Warfield are the biggest ‘yo-yo’ properties of all. Whereas June spelt bad news for buyers of four bedroom properties, in July we’ve seen a spike in properties this size coming to market. Just as in May, four bedroom properties made up half the properties listed in Warfield in July, showing just how much the number of four bedroom properties fluctuates month on month.

What does this tell us? Act quickly while there is choice! In such a volatile market place, you never know when the next spike will be, but one thing is for sure – demand in the area just isn’t slowing. Get your property on the market now to not only benefit from the high levels of competition but to also be ready to pounce when a property you love comes to market – whether there’s 14 four beds on the market or five.

Four bedroom properties prove to be popular across a range of price points in Warfield, with the most expensive being a £1,125,000 detached home on Tilehurst Lane and the least expensive being a £600,000 detached home on Cheshire Park, sold by Prospect in under a month. Our Warfield team also sold a £875,000 four bedroom property on Forest Road in just two weeks, showing that four bedroom homes are selling quickly at a range of prices.

Two and three bedroom properties

However, the property type that is selling the quickest is two and three bedroom homes. Last month, Prospect sold one two bedroom home on Westmorland Drive within two days of being listed, and another on Cordelia Croft within five days. With seven being listed in July and six of the same size being sold, it’s clear that appetite is high for properties like these, and supply levels just aren’t cutting it.

When it comes to three bedroom homes, one in three of the properties listed last month have already sold. In fact, Prospect listed one three bedroom terraced property on Meadowsweet Lane in Woodhurst Park on 29^th June and it was sold STC by 1^st July, showing that homes of this size are consistently selling quickly in the area.

A touch of luxury

Warfield is also home to a thriving high end property market. Four properties priced at over £1,000,000 sold last month, with the most expensive being Malt Hill House – a £3,950,000 home complete with tennis courts and indoor swimming pool. Four properties at this price point were listed last month, including a £1,300,000 five bedroom property on Toogood place which was listed with Prospect and sold early this month. This just goes to show that no matter the size or price, Prospect Warfield have the buyers for your property and can achieve a speedy sale.

School application deadline is looming

Being a family area, lots of our buyers have school catchment areas at the top of their priorities when looking for properties in Warfield – especially with the school applications deadline looming in January. Due to an industry-wide conveyancing lock-jam happening at the moment, the average time it takes for transactions to complete is 150 days, taking us to the beginning of 2023. With this in mind, whether you’re looking to get your children into Warfield CofE Primary School or the high-esteemed all-through King’s Academy in Binfield, you’ll need to act quickly to secure a home in time. Get your property on the market today to put yourself in a proceedable position to stand out against the competition and secure your dream home and your dream school!

On the flip side of this, if you own a family home within the catchment area of a popular school like King’s Academy, it’s a great time to sell to benefit from the increase in demand from families in the area. Contact your local experts at Prospect Warfield to find out more about school catchments and what could be achieved for your property at this time.

With this in mind, could we expect a spike in properties coming to market during the traditionally quiet month of August? Whatever happens, there’s no doubt that demand will remain high as buyers compete to secure a home near their school of choice. Book a valuation with us today to find out how much you could achieve for your property on the current market place.

Alternatively, if you do not need help with a house sale, register with Prospect Warfield today to be the first to find out about properties you’ll love in the area. Especially as stock levels are so unpredictable right now, you need to make sure you’re registered with all agents in the area to get in there fast when a home you love comes to market.

To discuss the Warfield property market further, do not hesitate to give our Warfield team a call on 01344 577 828.