Cadman Homes Rugby Property Bulletin

We’ve put together some facts and figures about the Rugby property market which we hope you will find interesting. The data comes from various sources including our sales and rental figures for the area, and the land registry.

As a local, family owned and run estate and letting agents, we strive to provide a service to the area we serve so if you have any questions or queries regarding this report, please do not hesitate to call or email me at any time. Our office number is staffed 24/7 for the convenience of our clients.

Overview

Average asking price “for sale” in the Rugby area is £384,995 with a stock of 301 properties on the market.
Average asking price “to let” in the Rugby area is £711 Per Calendar Month with a stock of 95 properties on the market.

Average property price is £200,408

Value change over the last year (12 months) is £12,258 (6.51%)

Breakdown of Property Values

Detached houses – Average value £305,816
Semi-detached houses – Average value £171,165

Terraced Houses – Average value £137,147

Flats – Average value £117,723

Square Footage Average

Detached Houses £210psf
Semi-detached £181psf

Terraced £165psf

Flats £186psf

Current Average Asking Prices

1 Bed – £72,737
2 Beds – £164,398

3 Beds – £212,690

4 Beds – £307,598

5 Beds – £528,908

Current Average Rental Asking Prices

1 Bed – £472pcm

2 Beds – £602pcm

3 Beds – £718pcm

4 Beds – £1,394pcm

5 Beds – £1,196pcm (interesting drop off in yield for 5 bedrooms from 4).

The Rugby property market has held up well in recent years, and the last 12 months has seen a very positive level of growth.

A chronic lack of supply of houses to buy and rent is causing demand led inflation of asking prices and selling prices are mirroring this trend as confidence improves and buyers fear further price rises over the next year. We certainly need more houses to sell and let across the Rugby area to keep up with the demand of our mailing list of applicants.

Government aid and mortgage schemes such as Help to Buy have also bolstered demand, and confidence.

Rugby is a growing and developing town, with a lot of inward investment from companies both large and small coming into the area to benefit from a good labour pool, and excellent infrastructure including our road and rail network. With London an hour away by rail, and Birmingham less than an hour away by road, we truly are “half way to everywhere” from a transport point of view. People are also moving from areas like Coventry, into Rugby, due to the quality of schooling in the Rugby area. Our school catchment areas are in amazing demand with one client of ours relocating from Stratford in order to get a child into Rugby High School.

The BID, Rugby First and “Clock towers” are planning for the future of the town centre, whilst new developments like Cawston, Coton Park and Eden Park are providing more demand for out of town facilities and amenities alike. We play an active part in the BID committee, helping forge the future of the Town Centre and the local community.

With this in mind, if you know anyone that is thinking of selling or letting their property in the near future, please get them to contact me, and enjoy 10% off our selling or letting fee with this letter.

Thank you for taking the time to read this, you can call me on 01788 560 905 (24/7) at any time.

The Rugby property market has held up well in recent years, and the last 12 months has seen a very positive level of growth.

A chronic lack of supply of houses to buy and rent is causing demand led inflation of asking prices and selling prices are mirroring this trend as confidence improves and buyers fear further price rises over the next year. We certainly need more houses to sell and let across the Rugby area to keep up with the demand of our mailing list of applicants.

Government aid and mortgage schemes such as Help to Buy have also bolstered demand, and confidence.

Rugby is a growing and developing town, with a lot of inward investment from companies both large and small coming into the area to benefit from a good labour pool, and excellent infrastructure including our road and rail network. With London an hour away by rail, and Birmingham less than an hour away by road, we truly are “half way to everywhere” from a transport point of view. People are also moving from areas like Coventry, into Rugby, due to the quality of schooling in the Rugby area. Our school catchment areas are in amazing demand with one client of ours relocating from Stratford in order to get a child into Rugby High School.

The BID, Rugby First and “Clock towers” are planning for the future of the town centre, whilst new developments like Cawston, Coton Park and Eden Park are providing more demand for out of town facilities and amenities alike.

With this in mind, if you know anyone that is thinking of selling or letting their property in the near future, please get them to contact me, and enjoy 10% off our selling or letting fee with this letter.

Thank you for taking the time to read this, you can call me on 01788 560 905 (24/7) or 07875 285 967 at any time.

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Estate & Letting Agents
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Rugby
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