Bracknell Forest Property Market in 2016 Declines By 0.7%

17. April 2017 10:01 / VInsights Team / South East England / Comments (0)

Story Highlights

  • Bracknell Forest had total property sales of £888 millions in 2016
  • The total number of properties sold in 2016 was 2,085 properties
  • The average sales price in Bracknell Forest was £426 K, whereas median was £325 K
  • New Property sales were 8.44% by value, where as Not New Property contributed 91.56%
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty Hike caused decline of 0.7% in 2016 over 2015

 

Bracknell Forest is one of the districts of Berkshire.

Total Sales By Property Type
Bracknell Forest - Total Sales By Property Type

Bracknell Forest had total property sales of £888 millions, which was 13.53% of Berkshire Property Market 2016

The split across the different property types in Bracknell Forest are:

  • Detached £269 millions (30.28%) 
  • Terraced £234 millions (26.4%)
  • Semi-Detached £152 millions (17.12%)
  • Other £123 millions (13.88%)
  • Flat/Maisonette £109 millions (12.32%)

 

Bracknell Forest Property Market at Postcode level

Postcode Coverage Area School Local Authority Area
GU15 Camberley,Old Dean,RMAS Details Surrey Heath, Bracknell Forest
GU47 Sandhurst,College Town,Owlsmoor,Little Sandhurst Details Bracknell Forest
RG12 Bracknell(south and town centre),Easthampstead,Bullbrook Details Bracknell Forest
RG40 Wokingham(east and town centre),Finchampstead,Barkham(south), Wick Hill Details Wokingham, Bracknell Forest
RG42 Bracknell(north),Binfield,Warfield, Newell Green,Popeswood,Priestwood,Winkfield Row,Jealotts Hill Details Bracknell Forest
RG45 Crowthorne,Ravenswood Details Bracknell Forest, Wokingham
SL4 Windsor,Old Windsor,Eton,Eton Wick,Clewer,Dedworth,Cranbourne,Winkfield,Dorney, Spital,Oakley Green,Woodside,Boveney, part ofFifield Details Windsor and Maidenhead, Bracknell Forest, South Bucks, Slough
SL5 Ascot,Sunninghill,Sunningdale,North Ascot,South Ascot,Burleigh,Cheapside Details Windsor and Maidenhead, Bracknell Forest

 

Month-wise Break-up of Total Sales

Bracknell Forest - Month-wise Break-up of Total Sales

Stamp Duty Hike Impact

  1. March had property sale spike of £114 millions compared to £61 millions in Feb
  2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

  1. Brexit took place on 23rd June 2016.
  2. As can be observed from the month-wise break-up there does not seem to have been significant dip in property sales in the immediate after-math of Brexit 
  3. Year on Year property market in Bracknell Forest has remained constant with a very modest decline of 0.7%

 

Total No Of Properties Sold By Property Type
Bracknell Forest - Total No Of Properties Sold By Property Type

Bracknell Forest had total property sales of 2,085.  The split across the different property types are:

  • Terraced 725 (34.77%)
  • Flat/Maisonette 471 (22.59%)
  • Detached 447 (21.44%)
  • Semi-Detached 397 (19.04%)
  • Other 45 (2.16%)

 

Average & Median Sales Price
Bracknell Forest - Average & Median Sales Price

The average sales price in Bracknell Forest was £426 K and for the different property types it was:

  • Detached £602 K
  • Semi-Detached £383 K
  • Terraced £323 K
  • Flat/Maisonette £232 K
  • Other it is £2.74 million

Similarly median sales price in Bracknell Forest was £325 K and for the different property types are:

  • Detached £525 K
  • Semi-Detached £380 K
  • Terraced £306 K
  • Flat/Maisonette £225 K
  • Other it is £540 k

 

New Vs Not New Property Statistics
Bracknell Forest - New Vs Not New Property Statistics

 

By Sales Values the split is as follows:

  • New Property contributed £75 millions (8.44%)
  • Not New Property contributed £813 millions (91.56%)

By Total Number the split is as follows:

  • New properties sold were 176 (8.44%)
  • Not new property sold were 1,909 (91.56%)

 

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