Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Aberavon and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 20 number of properties that are sold.
In Aberavon, what does the property sales data look like based on Rightmove?
An overview of Aberavon property in Rightmove from an investment perspective
In the area of Aberavon, Rightmove records consistent sales of 20 properties each month, generating an average yearly turnover of nan. This turnover is just from property sales relative to the properties that there already are and 3% is the population change over ten years.
All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.
Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of Wales by looking at further houses for sale here.
How to invest in property in Aberavon using Rightmove data
In the area, average asking rents are around no relevant data for this city. 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 no relevant data for this city.
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 Aberavon.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||5|
|no relevant data for this city||4|
|no relevant data for this city||3|
|no relevant data for this city||2|
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 Aberavon is talked about below and in the following headings.
A deep dive into rental yield and how this impacts Aberavon
A serious investor will know what yield is and how to work it out. The formula is true for Aberavon and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Aberavon the figure is no relevant data for this city.
This no relevant data for this city as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.
On Rightmove, how many planning permission applications are there based in Aberavon?
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 Aberavon, this number is 8 every month and the success rate for planning permission is 98%.
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 Aberavon, you may be able to do the same and make some money.
On average and according to Rightmove data, what do properties sell for?
Using Rightmove, there is an average sold price of property that is £128,107 in Aberavon. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
What are the number of HMOs on Rightmove that are licenced in the area of Aberavon?
In Aberavon, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Aberavon is currently no relevant data for this city, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
By analysing Rightmove in Aberavon, is there a lot of green, outdoor space?
Green space is universally recommended but unfortunately often compromised in various locations. In cities, the amount of green space often falls below the recommended threshold of 6 acres of green space per thousand people.
In Aberavon, the current data indicates the presence of 22.4 acres of green space per thousand residents. By comparing this value to the recommended benchmark of 6, we can evaluate the sufficiency of green space in the area.
Properties to Rent in Aberavon on Rightmove
Analysing the rate of education in Aberavon from Rightmove
If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £33,216.67 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Aberavon’s demographics also reveal a population of 32649 individuals and a percentage of people with degrees falling at 16%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.
Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.
What is the level of Rightmove affordable housing and social rent in Aberavon?
Through some digging, we found the level of social rent in the area. Currently, this figure is 23% as the percentage of people who are leasing directly from the government. In the area of Aberavon, the average household income is £33,216.67 too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.
Frequently Asked Questions by Rightmove users
What is the average property price in Aberavon on Rightmove?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Aberavon, the mean selling price for houses in the area is £128,107. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
On Rightmove, are there any hidden costs when searching for property in the city of Aberavon?
It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.
Based on Rightmove’s information, what’s the level of criminal activity in the Aberavon area?
The city of Aberavon currently has a crime rate where for every 1000 people who live there 10200% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What are the house sales per month in Aberavon?
20 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
On Rightmove, how much does a three-bed property typically cost in Aberavon?
The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices