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2022 House Prices in Wokingham

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2022 House Prices in Wokingham

Are you moving to Wokingham, or selling your Wokingham home? Discover how the market has been affected by the recent stamp duty tax cut and if now is a good time to buy in our guide to Wokingham house prices 2022. 

2022 House Prices in Wokingham

 

Are you moving to Wokingham, or selling your Wokingham home? Discover how the market has been affected by the recent stamp duty tax cut and if now is a good time to buy in our guide to Wokingham house prices 2022. 

What’s happening to house prices in Wokingham?

In January, The Land Registry claimed house prices had risen by almost 10% year-on-year. However, as 2022 continues house price growth is likely to slow down. The main reason for the rise in the property market was the UK government’s temporary stamp duty holiday which allowed buyers to save up to £15,000 in tax. Now, after the mini-boom of 2021, the number of property sales each month seems to be more in line with the figures pre-pandemic. 

 

House Prices in Wokingham, 2022

A historic market town in Berkshire, Wokingham is a great place to live and work with easy commuting to London, fantastic amenities and stunning, surrounding countryside. Over the last year, properties in Wokingham had an overall average price of £511,716, states Rightmove Property portal. The majority of house sales in Wokingham were detached properties selling for an average price of £692,408. Semi-detached properties in Wokingham sell for an average price of £445,378, and terraced houses sell for an average house price of £365,567. 

Sold house prices in Wokingham over the last year show a 3% increase on the previous year and a 5% increase on the 2019 peak house price of £486,294. 

 

Will the UK Property Market slow down? 

According to sources such as Savills estate agency and Propertymark, there is more demand for properties than there are available on the market. This demand may explain why 80% of UK properties sold for the asking price or above, and it took just an average of 36 days to sell a house in February 2022. Experts currently predict that the UK property market will slow down as 2022 continues although house prices aren’t expected to drop. In fact, Savills predicts an overall house price rise of 3.5% this year and 3% in 2023.

However, mortgage rates are also set to increase after falling in 2021 to entice buyers with large deposits, so you may still be able to get a good mortgage deal. 

 

Should I move to Wokingham?

Moving to Wokingham may be the perfect move for you, whether you’re moving your family out of the city or you’re launching a new business. Check out these 5 things to know before moving to Wokingham to discover more about the area. If you’re looking to buy property outside of London, Wokingham may be the ideal location due to its proximity to nature, connectivity to the surrounding towns and idyllic work/life balance. If you’re thinking of buying a home in Wokingham, now may be the best time. 

 

How can SureStore Wokingham help you move home?

Moving home is easy with SureStore Wokingham! Our modern Wokingham self-storage facility offers a wide range of home storage units ideal for storing furniture, household goods, and personal possessions. Choose SureStore Wokingham and benefit from a state-of-the-art security system boasting hi-tech intruder alarms, 24-hour CCTV surveillance, and a secure, remote access procedure. The storage units at SureStore Wokingham range in size from 10sqft to 275sqft and can store anything from a couple of boxes to the entire contents of a 5-bedroom home, including the garden and shed items. All of our Wokingham storage units are designed to keep your items clean, dry and protected until you move into your new Wokingham property. 

 

We also offer drive-up storage in Wokingham, which is ideal for home storage customers who require regular, easy access to your stored possessions and have teamed up with Hertz to offer an hourly-van hire service for loading and unloading. Discover how SureStore can help you move home to Wokingham today by calling 01183345590 or booking a home storage unit online.

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