In this overview, we’ll delve into the Rightmove data for Abbey Wood, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 12 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
Properties for sale in Abbey Wood on Rightmove
How to invest in property in Abbey Wood using Rightmove data
In the area, average asking rents are around £1,509. This tends to differ depending on the size of the property you are buying and the number of rooms they have. You can read more about these metrics below. For reference, the yields in the area are £0.
Combining the data of yield with the price of rent can give you a good idea about the types of investments in the area. For instance, if a property has a low yield and also low rents, it is likely a lower return, single family buy to let in a less in demand area of Abbey Wood.
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On Rightmove, how many planning permission applications are there based in Abbey Wood?
On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Abbey Wood, this number is 9 every month and the success rate for planning permission is nan.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Abbey Wood, you may be able to do the same and make some money.
Linking rental yields with Rightmove property listings in Abbey Wood
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Abbey Wood, there is an average of £0 for rental yield.
Abbey Wood can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
A quick insight into Rightmove property Abbey Wood
As you delve into the property landscape of Abbey Wood in the region of Greater London, Rightmove becomes an invaluable resource that provides data that can be looked at every month.
Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 12. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.
So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is nan. Every decade population change should also be considered. This figure stands at 14% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like Greater London.
It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Abbey Wood is talked about below and in the following headings.
What is a commons purchase price for property on Rightmove?
The average sold price of properties in Abbey Wood, UK, available on Rightmove is £362,532. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
|Category of property||Average price|
Properties to Rent in Abbey Wood on Rightmove
What is the Rightmove data regarding social rent and affordable housing in Abbey Wood?
It is well researched and understood that humans like to associate themself with similar people and this is why it’s important to find an area where people are earning a similar amount to you. The percentage of people who are renting from the government is 32% in Abbey Wood. And they have an average household income of £54,216.99. If you think these numbers are similar to your financial situation or reflect an area you want to live in, then this is a good sign.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Understanding education levels in the area of Abbey Wood
When considering Abbey Wood, its population reaches 26663 individuals. It is useful to note that around 24% of the residents have attained a higher level of education and the average household income in the area is £54,216.99. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.
How much green space do properties have in Abbey Wood according to Rightmove?
In Abbey Wood, the available data reveals that there are 13.1 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.
What are the number of HMOs on Rightmove that are licenced in the area of Abbey Wood?
Currently, the number of licensed HMOs stands at nan that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is £733.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Abbey Wood. Understanding where is best to rent in Abbey Wood involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
Frequently asked Questions
Uncover the typical property asking price in Abbey Wood through Rightmove data.
In Abbey Wood, the mean price for residential properties up for sale is £362,532. The mean price for the average property valuation across the UK is £286,000.
When utilising Rightmove for finding property in Abbey Wood, are there any charges to consider?
Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)
Does Rightmove data indicate a high occurrence of crime in the vicinity of Abbey Wood?
The Abbey Wood community presently experiences a crime rate where 12200% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
How many monthly property sales does Abbey Wood witness according to listing platforms?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is 12. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
What’s the average cost of a three-bedroom property in Abbey Wood as per Rightmove data?
Properties with three bedrooms command an average asking price of no relevant data for this city. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.