The best place in Berkshire to sell a house with a 53% price increase

The fastest growing housing price areas in Berkshire have been revealed.

Home prices have soared during the coronavirus pandemic, thanks to a combination of pent-up demand, a small supply of homes and the desire for more space and rural living.

However, analysis of ward level figures from the Office for National Statistics shows huge local variations when it comes to rising house and apartment prices in our area.

Read more:How much you need to earn to buy your own home in each town in Berkshire

Belmont in Windsor and Maidenhead has seen house prices rise faster than anywhere else in Berkshire in the year to June 2021, with the average house in the area selling for around £460,000.

That was up 53% from the average selling price of £299,990 the previous year.

The average cost was also nearly three times the £158,000 you would normally have paid in the area in the year to June 2001.

House prices in the area are still nowhere near the most expensive in Berkshire – which are found in Sunningdale and Cheapside in Windsor and Maidenhead, where the average house sold for £730,000 in the year to June 2021 (up 22% from £598,500 the previous year).

Pangbourne in West Berkshire is also among the top five neighborhoods for price growth. The average property there sold for £590,000 in the year to June 2021, up 48% from £400,000.

It was followed by Hurley and Walthams in Windsor and Maidenhead, where a typical home sold for £695,000 (up 28% from £542,500), Redlands in Reading, where the average price was £310,000 £ (up 24% from £250,000), and Westcott in Wokingham, where homes sold for an average of £429,500 (up 23% from £348,625).

At the other end of the scale, some neighborhoods have actually seen house prices fall over the past year.

The area that lost the most value was Basildon in West Berkshire, which saw the price of the average property fall from £965,000 in the year to June 2020 to £700,000 in the year to June 2021.

That’s a drop of 27% and a loss in value of £265,000 – although homes in the area remain among the most expensive in Berkshire.

Oldfield in Windsor and Maidenhead (£402,500, down 27% from £549,950) and Ascot in Bracknell Forest (£475,000, down 19% from £587,500) also recorded heavy losses.

The figures are a raw average and do not take into account the type of property sold.

As such, the average price may be skewed for neighborhoods that have had a small number of sales over the past year.

Increases and decreases may also reflect changes in the types of properties sold, for example if many new apartments have been built in an area that was previously made up of single-detached houses.

The best neighborhoods to see the fastest growing house prices

Local authority // District // Year to June 2020 // Year to June 2021 // percentage change
Windsor and Maidenhead // Belmont // £299,990 // £460,000 // 53%
West Berkshire // Pangbourne // £400,000 // £590,000 // 48%
Windsor and Maidenhead // Hurley and Walthams // £542,500 // £695,000 // 28%
Reading // Redlands // £250,000 // £310,000 // 24%
Wokingham // Westcott // £348,625 // £429,500 // 23%
Windsor and Maidenhead // Datchet, Horton and Wraysbury // £461,000 // £565,000 // 23%
Wokingham // Coronation // £380,000 // £465,000 // 22%
Windsor and Maidenhead // Sunningdale and Cheapside // £598,500 // £730,000 // 22%
Wokingham // North Shinfield // £290,000 // £350,000 // 21%
Bracknell Forest // Crowthorne // £390,000 // £470,000 // 21%

Neighborhoods with the least house price growth

Local authority // District // Year to June 2020 // Year to June 2021 // percentage change

West Berkshire // Basildon // £965,000 // £700,000 // -27%
Windsor and Maidenhead // Oldfield // £549,950 // £402,500 // -27%
Bracknell Forest // Ascot // £587,500 // £475,000 // -19%
West Berkshire // Ridgeway // £467,500 // £411,000 // -12%
Reading // Whitley // £318,750 // £290,500 // -9%
West Berkshire // Bucklebury // £590,000 // £538,975 // -9%
Bracknell Forest // Wildridings and Central // £227,750 // £211,250 // -7%
Windsor and Maidenhead // Riverside // £445,000 // £415,000 // -7%
Windsor and Maidenhead // Pinkneys Green // £523,750 // £490,000 // -6%
Windsor and Maidenhead // St Mary’s // £384,500 // £362,500 // -6%

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