The question of how crime rates affect property values is a common one, and understanding Credenhill's situation requires a careful look at the available data. The simple answer is that a lower crime rate generally supports higher property values, and Credenhill demonstrates this trend.
Credenhill, located in Herefordshire, has a population of 2032. Its crime rate currently stands at 28.5 incidents per 1,000 residents. This is significantly lower than the UK average of 91.6 incidents per 1,000. This difference alone suggests a safer environment than many areas across the country. Furthermore, Credenhill boasts a safety score of 92 out of 100, considerably higher than the UK average of 79. This metric reinforces the perception of safety and security within the area.
It's important to consider property crime specifically. Credenhill's property crime rate is recorded at 6.4 incidents per 1,000 residents. Again, this remains well below the UK average, indicating a lower risk of burglary, theft, or vandalism. While any level of property crime is undesirable, the relatively low rate in Credenhill is likely to be viewed favourably by potential homebuyers.
The correlation between safety and property values is well-established. People are generally willing to pay a premium to live in areas perceived as safe. Lower crime rates often lead to increased demand for housing, which in turn drives up prices. While other factors such as proximity to amenities, schools, and transport links also play a crucial role, the safety of an area is often a key deciding factor for many buyers.
It's crucial to remember that these figures represent the current situation. While the data suggests a positive impact on property values, prospective buyers should always conduct their own due diligence, including speaking to local residents and visiting the area at different times of day.