In the UK, there is a lot that goes into deciding on the right place to buy. The decision gets even more complex if you are buying for an investment as you will have to think a bit more logically rather than thinking emotionally when buying a property. In this article, we go over what the Rightmove data looks like for the city of Abercastle so you can make the best decisions and make money on your property purchases. Getting involved in one of the 11 property deals that come off the market each month.
On Rightmove, how are properties listed for sale?
In Abercastle, what are the number of planning permission applications on Rightmove?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Abercastle, the people who own homes in this area have a rate of planning success of nan. Individuals usually seek to modify their properties and apply for planning permission whenever they are trying to increase the value of a home.
This means investors should take note of this data in Abercastle. An above-average success rate indicates that property renovations have been proven to work and are repeatable or it could mean that a lot of the properties in the area are very simple in design. This presents an opportunity for investors to assess successful strategies in the area and adopt similar approaches and of the 13 that take place each month, this is likely the case a lot of the time.
What is a commons purchase price for property on Rightmove?
In the area of Abercastle in the UK, the average sold price of a property is around £233,342. This is based on the average of all of the types of property listed on Rightmove and other listing platforms. Take a look below to see how this average is made up:
|Type of property||Average sold price|
|Semi detached house||£165,733|
Exploring Abercastle’s real estate investment potential on Rightmove
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 11 properties are sold each month), you can work out the turnover too, which is nan in Abercastle.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 4%. Also comparing this data to an area slightly bigger, such as Wales by visiting our page for this, you can find additional data to help you on your search too.
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 Abercastle is talked about below and in the following headings.
How can property investments be made using Rightmove data?
Based on Rightmove, there is a lot of data you can gather about Abercastle and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is no relevant data for this city. and the average asking rent based on Rightmove data is no relevant data for this city. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is SA62, for a two bed is, no relevant data for this city, a three bed is no relevant data for this city. Finally, a four bed average asking price is no relevant data for this city, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.
Abercastle’s rental yield on Rightmove explained
Rental yield is simply the annual amount of rent that is made from a property after expenses calculated as a percentage. As of 2023, the yield of Abercastle is no relevant data for this city.
It is a wise idea to compare this figure to the rest of the UK. Areas with extremely high yields can get as high as 10% but on the low end where property is very expensive such as in Chelsea, London, yields can be as low as 1%. So use the figure of no relevant data for this city for comparison.
Usually, when looking to invest in Abercastle, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
In the city of Abercastle, regarding Rightmove, what would it look like living in a HMO?
In Abercastle, 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 Abercastle 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.
How much green space do properties have in Abercastle according to Rightmove?
Green space is something that is recommended to everyone to have but then again, it is often compromised in a lot of locations. For instance, in cities, the amount of green space is often well below the recommended figure of 6 acres of green space for every thousand people. In Abercastle, this is 19.5. Compare this figure of 6 which is recommended to have and the data for Abercastle to tell how much green space is around.
In Abercastle, what property are people trying to rent on Rightmove?
Analysing the rate of education in Abercastle from Rightmove
Within the city of Abercastle, the population amounts to 20896 individuals. Among these residents, it is notable that approximately 24% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £36,492.31. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.
Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.
What is the level of Rightmove affordable housing and social rent in Abercastle?
There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 7%. Also, in Abercastle, the average amount that people earn per household is £36,492.31. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.
What are some frequently asked questions?
In the city of Abercastle, what is the median property price?
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Abercastle, the average cost of a home available for purchase is £233,342. You can compare these figures to see how far away this city is from the average.
Does exploring properties on Rightmove within Abercastle come with any fees you may not be aware of?
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.
Is there substantial criminal activity in the area around Abercastle as indicated by Rightmove?
In Abercastle, the prevailing crime rate results in 4700% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What’s the frequency of property sales per month in Abercastle as reported by listing portals?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 11 as of recent data.
On Rightmove, what is the average price of a three-bed property in Abercastle?
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