The impact of crime rates on property values is a significant concern for many homeowners and prospective buyers. In Oakley (Basingstoke and Deane), the current crime rate of 41.6 incidents per 1,000 residents is notably lower than the UK average of 91.6 incidents per 1,000. This difference suggests that Oakley is, comparatively, a safer place to live, a factor that can positively influence property values.
Beyond the overall crime rate, the property crime rate in Oakley is 12.5 incidents per 1,000 residents. This figure, again, sits below the UK average, implying a lower risk of burglaries and other property-related crimes. The area also boasts a safety score of 89 out of 100, further reinforcing its reputation as a relatively safe environment, exceeding the UK average of 79.
Generally, areas with lower crime rates tend to experience higher property values. Prospective buyers are often willing to pay a premium to live in a safe and secure location. While this data indicates a positive trend for Oakley, it’s important to remember that property values are influenced by numerous factors, including location within Oakley, the type of property, local amenities, and the overall economic climate.
However, it's crucial to stay informed. While the current statistics are encouraging, crime rates can change. Monitoring local police reports and participating in community safety initiatives can help maintain a sense of security and potentially safeguard property values. A consistently low crime rate contributes to a positive reputation, which in turn, can attract more buyers and drive up prices. The lower property crime rate is particularly significant as it directly affects the risk of loss or damage to property, a key consideration for potential buyers.