I know. I couldn't believe it either but the stats show that flats in Bracknell have outperformed their neighbours in Wokingham by 96% between 1995 and 2015.
As you can see from the tables below an average flat in Wokingham has increased by 250% in the last 20 years. However Bracknell flats have had steroid busting growth of 346%. This compares with the Berkshire average of 306%.
Median Property Selling Prices in Wokingham (£000's)
Jan 1995 May 2015 Change
Detached £116,000 £472,500 +307%
Semi £80,000 £379,950 +375%
Terraced £67,250 £285,000 +324%
Flat £64,250 £225,000 +250%
Median Property Selling Prices in Bracknell (£000's)
Jan 1995 May 2015 Change
Detached £125,000 £462,000 +270% Semi £78,250 £367,000 +369% Terraced £57,000 £261,750 +359% Flat £44,875 £200,250 +346%
Put that against returns of 89% from the FTSE 100 over the same period and it looks even more spectacular.
We have all heard of the phrase 'lies, damned lies and statistics' and i think these stats are misleading. If you look at the tables, the price difference between flats in Bracknell and Wokingham in 1995 was just under £20k, yet 20 years later the price difference is still only just under £25k.
Statistics can be misleading but however you look at it they are impressive returns and that is without taking into account any rent an investor may have received.
If you would enjoy a friendly chat about property why not pop into our office on Market Street.
Belvoir Bracknell don’t sell property, we are lettings specialists, but we do guide people based on our experience as to what might make a good buy to let property investment in the Bracknell, Wokingham, Crowthorne and Binfield area. We don’t charge for this service but we would like to manage your property or help you find great tenants.
