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Farnborough Lettings Update

The local housing market in Farnborough

Our market update in February


Quarter 4 for us was similar in many ways to quarter 3. With a massive decrease in available stock on the rental market, we saw an uplift on rental prices and an ever increasing demand from tenants. Our areas are seeing houses get uplifts of nearly 20% on rental prices and generating upwards of 20 enquiries within the first days of listing.

Both Camberley and Farnborough are still at around 50%-60% of market capacity, but with applicant levels remaining the same, there is still a huge supply and demand issue. Demand is through the roof and yet supply is nowhere near in line. With this in mind we are currently turning listings to lets in timescales as short as 24 hours.

We are still noticing a big demand from London renters at the moment with around 35.8% of our current registered applicants living out of area but looking to move into the Camberley/Farnborough area. There seems to be a higher percentage of applicants looking to secure larger properties and willing to spend more. This may be down to the fact that they will get 25% more property for the same money that they would pay within the London areas, or it may be down to people spending 85% of their time at home now and wanting a quality living environment.

With the current Stamp Duty Holiday in place, this has taken attention away from the rental market, with a lot of investors looking to cash in on current investments which has brought the available stock in our areas down. This being said, over the next 2-3 months we believe there will be an increase in investors’ purchases completing which in turn will bring more stock to the market and hopefully level out the playing fields. This may in turn bring the rental prices back in line with January 2020 so if you are looking to let your property I would take full advantage sooner rather than later!

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If you would prefer to call to arrange a valuation, you can click here for a list of our local estate agent offices.

The Manager

Simon West - Lettings Manager


Camberley Prospect Estate Agent

Simon began his career in our Head Office in Reading in 2014. Since then he has developed massively within his career gaining great experience and knowledge of an ever changing market. Having grown up in Reading and having great success within the Reading market Simon then made his move to Camberley in 2018 to further develop his career and make an impact in the Lettings market there.


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The local area of Farnborough

Why Farnborough is a great place to live!


The vibrant town of Farnborough lies within the county of Hampshire and is a popular choice with commuters due to its close proximity to the M3.

Best known for its connection with aviation, the bi-annual Farnborough Airshow is held at Farnborough Airport and invites people from all over the world to visit the town. Farnborough has also attracted many aeronautical companies such as Lockheed Martin, BAE Systems and the Royal Aircraft Establishment, based within the Farnborough Aerospace Centre Business Park.

The Meads Shopping Centre is one of the most popular shopping centres in Farnborough, offering a wide selection of shopping and dining options. If you fancy going further afield, there is easy access to neighbouring towns such as Basingstoke and Camberley, offering a plethora of popular shopping, dining and leisure facilities.

FARNBOROUGH AREA GUIDE

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ABOUT PROSPECT

Helping the residents of Berkshire, Hampshire & Surrey move!


Since 1990, Prospect Estate Agency has successfully been helping people buy, sell, let or rent property across the Home Counties. Since first opening our doors, our ethos has always been to surpass customer expectations, be at the forefront of technology and truly celebrate property. We’ve always endeavoured to be the best, not the biggest!

We have always focused on providing our clients high-quality service. This dedication has resulted in hundreds of excellent customer reviews and recommendations as well as numerous industry awards, including the prestigious title of Best Estate Agency in Berkshire & Surrey at the UK Property Awards for the past five years running!

Discover more about what makes us different by exploring this page and our history. If you’d like to find out in person, just give us a call or arrange your free, no obligation valuation by clicking one of the buttons below.

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Local infrastructure

Key considerations including schools and leisure


Schools
Farnborough offers a wide range of state schools, many of which hold Ofsted’s ‘Outstanding’ status.

Transport
Farnborough is a hot spot for commuters due to the selection of transport links and business districts. Farnborough offers direct links to central London, Reading, Wokingham and Guilford.

Leisure
Farnborough Leisure Centre is the place for you, the centre offers a wide range of activities and has a host of facilities, or why not take a trip down to Aldershot Lido?

Shopping
Kingsmead Shopping Centre is located parallel to the Farnborough Road. The shopping centre has recently been refurbished giving a selection of places to grab a light bite and a tasty drink

Aviator logo

Aviator

Cove Infant School logo

Cove School

Vue Cinema logo

Vue

Aldershot Lido logo

Aldershot Lido

Henry Tyndale school logo

Henry Tyndale school

The Sixth Form College Farnborough logo

The Sixth Form College Farnborough

The Meads Shopping Centre logo

The Meads Shopping Centre

Farnborough Air Show logo

Farnborough Air Show

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