Denmead - A Few Facts About The Property Market
A landlord who has invested in rental properties throughout Waterlooville asked me about the property market in his home village of Denmead. The village has a population of around 6,736 people and contains four pubs, being The White Hart, The Forest of Bere, The Harvest Home and the Fox and Hounds. There are good commuter links to the M27 via Fareham and the A3 via Waterlooville, both are approximately a 10 minute drive. Denmead has it’s own infant and junior school which has around 550 pupils. Denmead has it’s own Tennis Court, Bowling Club, Driving Range as well as home to Furzeley Golf Course giving you no excuse not to be active in Denmead, there is always something going on.
The history about how Denmead came about is fascinating. In 1316, Denmead was owned by the Bishop of Winchester, who leased it to various tenants. It became referred to as a manor in 1449, when it was owned by William Wayte. When Wayte's grandson died, the lands were divided amongst various other members of the family and Denmead was passed down. After some time the property became further divided as it was split between different owners because it was inherited down multiple generations. This occurred frequently until 1831 when Henry Kennett became its owner. There was no further mention of Denmead Manor until 1908, when the Ecclesiastical Commissioners were its Lords of the Manor.
Originally part of the ecclesiastical parish of Hambledon, Denmead achieved its own identity with the creation of the new parish of All Saints, Denmead in 1880. Denmead was once a widely dispersed village which included the hamlets of Worlds End, Furzeley, Anmore, Denmead Mill and Barn Green. It has become more densely packed and close as it became filled with more modern properties.
What we found out about the property in the village was quite interesting. The average value of a property in Denmead is £338,005, which is just £36,249 above the average of a property in Waterlooville . Overall sold prices in Denmead over the last year were 4% down on the previous year and 14% up on the 2008 level of £295,821. The most expensive property to sell to date in Denmead is on Lower Crabbick Lane which achieved a whopping £1,190,000 in August 2015. Since 1st January 2019 only 3 properties have sold in Denmead with 46 properties listed on Rightmove for sale currently.
The average rent in the village over the last 12 months has been £1,099 per month, based on the average price of a price this would be a yield of 3.9%.
If you would like to discuss property in your area, please don't hesitate to drop me a line.