Wokingham Earle Crescent
Damian SavvidesEarle Crescent (RG40 2FF, RG40 2FG, RG40 2FH, RG40 2FJ), Wokingham, has experienced significant activity in the property market over the past few years. This article examines property sales data, highlighting price trends, floor area variations, and price per square meter (£/m²) fluctuations to provide insights into market behavior.
For instant valuation on your property click hereKey Findings
1. Price Trends Over Time
Recent sales in Earle Crescent indicate a steady increase in property prices. Flats in 2024 have been sold at an average of £5,174/m², compared to previous years where the average was lower. Notable trends include:
- Flat 4 Elms Court (Mar 2024) sold for £410,115 at £5,001/m².
- Flat 9 Pitch Court (Jan 2024) achieved a higher valuation of £5,643/m².
- Similar-sized flats in 2022 were selling at around £5,000/m², showing a 3-7% increase in value over two years.
2. Variation in Price per Square Meter (£/m²)
The price per square meter varies depending on the flat’s size and location. Smaller flats, particularly in Field Court, command the highest prices per square meter:
| Property | Sale Date | Price per m² |
|---|---|---|
| Flat 3 Field Court | Jun 2022 | £7,509/m² |
| Flat 6 Field Court | Jun 2022 | £7,549/m² |
| Flat 8 & 5 Field Court | Jun 2022 | £7,607/m² |
Larger flats tend to have a lower price per square meter, with 70-82 m² flats in Elms Court and Pitch Court averaging around £5,000/m².
3. Detached & Semi-Detached Properties
While flats dominate Earle Crescent’s property market, a few detached and semi-detached homes have also been sold:
- Detached property at 25 Earle Crescent (Mar 2022) sold for £760,000 at £3,958/m².
- Semi-detached homes at 31 & 29 Earle Crescent (Dec 2021) were sold for £807,000 at £4,203/m².
These figures suggest that while flats have a higher £/m² value due to compact living spaces, larger properties are still in demand at a premium price.
For instant valuation on your property click here4. Consistency in Sales Volume
The frequency of sales reflects ongoing demand in the area:
- 2021 saw multiple transactions, especially in December, with Pitch Court and Field Court properties exchanging hands.
- 2022 experienced continued activity, with a peak in June where Field Court witnessed high sales at record prices.
- 2023-2024 indicates sustained interest in Elms and Pitch Court flats, reinforcing their desirability.
5. Investment Outlook
Based on historical trends and recent sales, investing in Earle Crescent properties appears favorable:
- Smaller flats, especially in Field Court, yield the highest returns per square meter.
- Prices have shown resilience and gradual appreciation, making property investments in the area a low-risk, high-reward opportunity.
- Continued development and demand for residential housing in Wokingham are expected to sustain these trends.
Conclusion
The Earle Crescent property market exhibits steady price growth, particularly for flats, with strong demand and increasing valuations. Investors and homebuyers should consider price per square meter trends when evaluating property purchases, with smaller flats offering the highest price efficiency. Detached and semi-detached homes also hold value but tend to appreciate at a slower rate. Overall, Earle Crescent remains a lucrative market for both buyers and investors.
Data from Dec 2020 - March 2024
For instant valuation on your property click hereCredits
Contains HM Land Registry & EPC & OS data © Crown copyright and database right 2024. This data is licensed under the Open Government Licence v3.0. HouseMetric data
