The question of whether crime rates in Pool and Illogan affect property values is a common one for potential homebuyers. The short answer is that it can, but the impact is complex and depends on various factors. Let's break down the data and consider the implications.
Pool and Illogan, a Built-Up Area (BUA) in Cornwall, has a population of 9686. According to available data, the overall crime rate is 118.0 per 1,000 residents, which is higher than the UK average of 91.6. This suggests a comparatively elevated level of reported crime within the area. Importantly, the area's safety score is 72 out of 100, which is below the UK average of 79. This further reinforces the perception of lower safety.
Delving deeper, the property crime rate specifically is 39.2 per 1,000 residents. Property crime encompasses offences like burglary, theft, and criminal damage, all of which can directly impact a homeowner's sense of security and the value of their property. A higher property crime rate can understandably make potential buyers apprehensive.
However, it’s crucial to avoid broad generalisations. Crime rates are rarely uniform across an entire BUA. Certain pockets within Pool and Illogan may experience higher crime rates than others. The perceived impact on property values will likely be most significant in areas directly affected by these localised crime hotspots. Furthermore, the type of property also matters. A detached house with robust security measures might be less affected than a terraced house with limited protection.
While a higher crime rate can deter some buyers and potentially put downward pressure on prices, other factors often outweigh this concern. The desirability of the location, the quality of local schools, the proximity to amenities, and the overall strength of the property market all contribute to property values. A desirable location with good schools can still command a premium even with a slightly higher crime rate.
It's also important to remember that crime statistics only reflect reported incidents. They don’t necessarily tell the whole story of the area’s safety and security. Local community initiatives and police presence can also significantly impact residents' perceptions of safety.