Regional Property Market Update Autumn 2020: Thames Valley, Berkshire, Oxfordshire and Buckinghamshire

Posted on: Tuesday, October 27, 2020

It is estimated that nearly two million people own buy-to-let property across the UK (Resolution Foundation 2019), with property being regarded as a ‘safe-haven’ asset. At 4.9% the gross yield on residential property across the South East is attractive.

Reading, Milton Keynes and Cherwell are currently the top performers across the Thames Valley, Berkshire, Oxfordshire and Buckinghamshire, all offering gross yields in excess of 5%.

Average gross yields on residential property are attractive, with positive rental and house price growth

Thames Valley Berkshire Oxfordshire Buckinghamshire Regional Property Market Report Autumn 2020

Most active housing markets across Thames Valley, Berkshire, Oxfordshire and Buckinghamshire

Property prices across the South East were 2.1% higher year-on-year as the housing market reopened in June. West Oxfordshire and Wokingham are currently the strongest performers in the area. Activity across the market has been brisk, nationally the average time taken to sell a property fell to 53 days in August, down from 62 days in August 2019. Sensible pricing remains crucial, as correctly priced properties are nearly twice as likely to be sold ‘subject to contract’ within four months of listing than those that have had their asking price reduced. Homes in the South East are selling, on average, 12 days quicker than a year ago.

Thames Valley Berkshire Oxfordshire Buckinghamshire Regional Property Market Report Autumn 2020 2

The Chalfont branch of Century 21 comment on the South Buckinghamshire region:

“In August, prices rose by 2% during the month, the fastest rate of increase since February 2004 and boosted by the pent-up demand reported in our Summer edition of Local Property Matters.

"These are UK figures but in particularly sought-after areas such as the Chalfonts, Gerrards Cross and our leafy surrounds, we are anticipating strong performance over the coming months. This will be due in part to the Government relaxing Stamp Duty in England until the end of March next year but depends on job losses and, of course, Covid confidence.”

Properties for sale in Thames Valley, Berkshire, Oxfordshire and Buckinghamshire

Windsor, Berkshire, 2 bedrooms

This charming Grade II Listed Georgian terraced house situated in the sought after 'Golden Triangle' of Windsor, just a short distance from the Long Walk and shops, restaurants and mainline railway stations. The property features a delightful open-plan double reception room, kitchen and dining room to the rear, a cellar and a courtyard garden.

Burford, Oxfordshire, 4 bedrooms

This spacious detached family home is situated in a small development of only five properties within walking distance of Burford High Street, backing on to Burford Golf Club. The property benefits from a double garage, ample off-road parking, an external office with light and power and a well-maintained west facing rear garden.

Great Horwood, Buckinghamshire, 4 bedrooms

Willow House is a double-fronted detached house, built approximately thirteen years ago by a local builder, and has been maintained to a high standard by its current owners. This family home enjoys a stylish kitchen and diner, three welcoming reception rooms, parking for several cars and a south-west facing garden. Also, this home is in a catchment area for well-regarded schooling.