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  • Prospect Estate Agency office in Farnborough
    Farnborough
    Market Update

The local housing market in Farnborough

Our market update in September


September has been another record-breaking month in the Camberley & Farnborough property market. With people continuing in their rush to buy homes before the stamp duty deadline in March and sellers achieving excellent prices, the property market is stronger than ever.

With the country having once again been told to ‘work from home’, an office area is still top of buyers want lists. It’s a great idea for anyone selling to set up a home office area, if there isn’t one already, so buyers can visualise what could be their new workspace.

Last month we had over 200 new buyers register with us to find a home, with 3-4 bedroom homes being the most in demand.

The demand for larger homes is replicated nationally and is reflected in the number of sales being agreed at this end of the market compared to last year. In August, sales agreed at the ‘top of the ladder’, which includes four-bedroom detached homes and larger, was up by an astonishing 104%.

It is not just the big, detached homes which are selling though. The ‘second-stepper’ sector, which includes three- and four-bedroom homes (excluding four-bedroom detached) were also up by 55% year on year.

First time buyers are still active too, with sales on two or fewer bedroom homes also up by 36%.

Whilst new buyers are still rushing to buy homes, there now appears to be fewer people looking to sell with there being a small drop in the amount of homes listed month on month.

Although there may be fewer homes coming to the market, buyers are snapping up what is, and the number of sales agreed locally was actually up month on month.

As we move into October, the main concern now is there not being enough properties to cater for the buyer demand. Although larger homes are popular, there are buyers looking for every size, style and type of home. It’s a great time to sell!

We’re passionate about property and love helping people achieve their property goals. So if you are thinking of moving and want to have a chat about how much your home is worth then book your free virtual valuation today.

Property prices in Farnborough

How much is property increasing?


Detached property prices in Farnborough

Detached
£519,265

Semi-Detached property prices in Farnborough

Semi-Detached
£351,730

Terraced property prices in Farnborough

Terraced
£289,334

Apartment property prices in Farnborough

Apartment
£220,121

Over the past 5 years, property prices in Farnborough have increased by 13.45%.

The statistics

the numbers speak for themselves


Prospect Farnborough internet registrations in September 2020

The graph above shows the huge increase in buyer registration levels since the beginning of the year.


The above video shows all of the properties sold recently in the local area.

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Do you want to know how much your house or apartment is worth? Whether you are looking at selling or letting your property, Prospect can provide an accurate property valuation based on the current property market.

Rest assured that you are in good hands, Prospect has won the Best Estate Agents and Lettings Agents in Berkshire and Surrey for three years running. With dedicated departments in every area or property, we have experts on hand to help you whatever your requirements.

All of our Property Valuations are FREE and No Obligation, so even if you are just curious about your property’s value, then no problem. If you decide to place your property on the market to sell or rent, don't forget that we operate ona no sales, no fee basis... so unless we're successful in selling or rentingyour property, then you'll have nothing to pay us... unlike many online agents who charge non-refundable listing fees.

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

Darren Winter - Branch Manager


Farnborough Prospect Estate Agent

Darren has been at Prospect since 2011 and has in-depth knowledge of the local area. Darren lives in Bracknell within the Jennett's Park development, with his girlfriend and their daughter. Darren prides himself in giving realistic and honest valuations, as well as providing excellent customer service. In his spare time, Darren enjoys spending time with his family and is big football fan, he's a season ticket holder for Reading Football Club.


GET IN TOUCH

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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

Looking for a property in Farnborough?


Use the button below to search properties in the Farnborough area:


Farnborough property search

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

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