Farnham property market October 2015

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21 Oct 2015

Farnham property market October 2015

Author: James Cramp

St. Andrews Church, Farnham

Situated on the edge of the Surrey Hills in a quaint market town with the pick of good schools and charming shops in abundance, it’s no wonder Farnham is becoming increasingly popular with families.

James Cramp, Sales Manager, and Amy Champion, Lettings Manager, both from Romans Farnham draw on their experience and expert knowledge of the area to offer their insight into why the Farnham property market is currently so strong.

Why Farnham?

Fantastic school catchments, combined with its easy access to the capital, remain the strongest reasons for people wanting to move to and around Farnham.

James comments: “Farnham is becoming an increasingly sought-after area and we continue to see people making the decision to move because of the low interest rates on mortgages. The shortage of properties on the market and increasing demand from owner occupiers and investors is driving prices up, and securing sellers fantastic capital growth.”

Over the last year, the number of semi-detached houses sold in Farnham increased by 18% and terraced house sales by 30%, whereas detached properties and flats saw a decrease in sales (home.co.uk), suggesting that families are being drawn to the area in search of a more affordable property that is situated in a prime location.

Investing in Farnham

Amy says: “Investors are increasingly attracted to Farnham because of its combination of modern facilities that many tenants, including young professionals as well as families, are in search of.”

Sold prices in Farnham were up 8% compared to last year (Rightmove), with the average price of properties rising to £532,905 and the average rent ranging from £1,100-£1,500 pcm  (home.co.uk).

Landlords are given even more encouragement to expand their portfolios by investing in Farnham properties as according to rentalyeilds.co.uk,  over the last two months, the gross yield of a property (before expenses or voids) remains at a respectable 5.73 – 3.47% - depending on the number of bedrooms.

Living in Farnham

Competition between buyers

Property Launches, or Open Houses, have also been popular” adds James. “They offer interested buyers the chance to view properties at a set time, which is very convenient for sellers.

“We have seen both sales and lettings experience a higher number of viewings, and in most cases receive multiple offers, achieving the asking price or above due to the competitive environment a Property Launch creates.”  

Not only does Farnham offer an excellent range of high performing schools, idyllic countryside scenery and quaint shops in abundance, its location is also paramount in making it popular with potential buyers and investors in the area. Lying midway between London and Winchester, with trains to London Waterloo taking just under an hour, journeys to the capital or the coast of England are easily commutable, with the A31, A3 and M3 also easily accessible.

Build a Pizza

James adds: “It’s an exciting time for the property market in Farnham, with more demand than ever before from a variety of buyers and tenants. If you’re thinking about moving or letting your Farnham property, contact the team at Romans or request a property valuation today.”

In other news

Romans were delighted to be invited to take part in the annual Food Festival on Castle Street, which saw local children making over 200 pizzas at Romans’ ‘Build a Pizza’ stand.

Romans would like to thank all those who took part and kindly donated to their chosen charity Alexander Devine Children’s Hospice Service.


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