The question of how crime rates influence property values is a common one, and Awsworth is no exception. Simply put, a perception of safety is a significant factor in determining how much people are willing to pay for a home.
Awsworth, located in Broxtowe, has a population of 2170. Its crime rate stands at 46.1 incidents per 1,000 residents. This is considerably lower than the UK average of 91.6 incidents per 1,000. This lower crime rate is reflected in Awsworth’s safety score, which is 89 out of 100 – again, significantly higher than the UK average of 79. It’s important to note that while the overall crime rate is low, property crime specifically occurs at a rate of 14.7 per 1,000 residents.
How does this translate to property values? Generally, areas with lower crime rates tend to command higher property prices. Potential buyers often factor safety into their purchasing decisions, and a perceived lack of safety can depress values. Conversely, a reputation for being a safe and secure area can attract buyers and drive prices upwards. The higher safety score in Awsworth suggests that residents and potential buyers likely perceive it as a relatively safe place to live.
It's crucial to remember that crime statistics only tell part of the story. Factors such as school quality, local amenities, and transport links also influence property values. However, the demonstrable lower crime rate in Awsworth, when compared to the UK average, is a positive indicator that likely contributes to its overall appeal and supports property values. The lower property crime rate specifically may also offer reassurance to potential homeowners concerned about burglaries or theft.