The impact of crime rates on property values is a significant concern for many prospective homebuyers. In Trelales, a BUA located in Bridgend, the relationship between crime and property values is complex and requires careful consideration.
Generally, a lower crime rate is associated with higher property values. Trelales, with a population of 1601, exhibits a crime rate of 52.5 incidents per 1,000 residents. This is notably lower than the UK average of 91.6 incidents per 1,000. This suggests that Trelales is comparatively safer than many other areas in the UK. The area also boasts a commendable safety score of 88/100, further reinforcing this perception. A higher safety score, compared to the UK average of 79, typically attracts buyers willing to pay a premium.
However, it's vital to look beyond the overall crime rate. The property crime rate in Trelales stands at 13.7 incidents per 1,000 residents. While still relatively low, it’s a key indicator of potential risks to property. Property crime includes offences like burglary, theft from vehicles, and vandalism, all of which can directly impact property values. Areas with higher property crime rates often experience a decrease in property values as buyers become concerned about potential losses and security costs.
It’s important to note that correlation doesn’t equal causation. Other factors, such as school districts, local amenities, job opportunities, and the overall economic climate, also play a significant role in determining property values. Nevertheless, the combination of a lower overall crime rate (52.5 per 1,000) and a strong safety score (88/100) in Trelales likely contributes to maintaining, and potentially enhancing, property values within the area. Prospective buyers should investigate local crime reports and engage with community groups to gain a more nuanced understanding of the safety and security environment.