The question of how crime rates affect property values is a common one, and Llanharry, a Built-Up Area in Rhondda Cynon Taf, presents a particularly interesting case. Simply put, a lower crime rate generally supports higher property values, and Llanharry demonstrates this trend.
Llanharry has a crime rate of 28.4 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 greater sense of safety and security within Llanharry, a factor highly valued by potential homebuyers. The property crime rate is even lower, standing at 4.7 per 1,000 residents, further reinforcing the perception of a safe environment. A high property crime rate can deter buyers and depress values, but Llanharry’s rate is considerably lower than the national average.
The safety score for Llanharry is 92 out of 100, exceeding the UK average of 79. This metric, reflecting the perceived safety of an area, provides further evidence of Llanharry’s appeal. A higher safety score directly correlates with a greater desirability for residents and, consequently, a positive influence on property values. People are willing to pay a premium to live in areas where they feel safe and secure.
It's important to note that while these statistics paint a positive picture, crime rates are just one factor influencing property values. Other considerations include proximity to amenities, school quality, transport links, and the overall condition of the local housing stock. However, the low crime rate in Llanharry serves as a significant advantage, creating a favourable environment for property owners and attracting potential buyers. The lower crime rate, coupled with the high safety score, suggests a strong foundation for stable and potentially appreciating property values within the area.