RG41 (Wokingham) area guide

RG41
Wokingham
The RG41 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Arborfield, Barkham, Emmbrook, Evendons, Finchampstead, Hawkedon, Norreys, Sindlesham, Wescott, Winnersh, Wokingham, Woosehill.
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Notes:

A Mouseprice property guide for RG41 Wokingham is coming soon. In the meantime, please have a look at the raw data and statistics about RG41 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Reading propertyThe size of the property market in RG41 is 10132 homes.

Reading propertyWhen growth averages 11.9% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Reading propertyDuring the last 3 months, property in this postcode district has averaged a value of £272130.

Reading propertyPrice earnings ratio is an indicator of the affordability of property for someone on the average salary in the area. Price Earnings Ratio in this postcode district is 8.7. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.

Reading propertyNew transactions as a percentage of overall sales are 8.2%.

Housing stock:

Wokingham propertyOver half of the properties in the area are Detached Houses, at 55.9% of the total housing stock.

Wokingham propertyFlats account for the lowest percentage of the housing stock in this district, at only 5.4%.

Wokingham propertyThis is an area with a high proportion of property suitable for families with children.

Wokingham propertySocially rented accommodation represents only a small percentage of rented accommodation in the area at 6.2%.

Wokingham propertyThe majority of property in this area is owner occupied.

Wokingham propertyThe average price of a two bed property in this area is higher than the national average of £187894 at £212581.

Who lives here:

Wokingham propertyThe population of this postcode district is 26779.
Wokingham propertyThe average age in this area is 37.
Wokingham propertyThis area has a high percentage of married people at 25.8%.
Wokingham propertyAverage working hours in this area for men are 43 and for women are 32.
Wokingham propertyThis area has 11.9 people per square kilometre.
Wokingham propertyJob prospects in this area are good with low unemployment (1.6%). Most jobs are found in the Real Estate and Wholesale & Retail sectors.
Wokingham propertyThis area has one of the highest proportions of degree educated people in the country, at 31.3%.