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What is the property market like in Abergele on Rightmove?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What is the property market like in Abergele on Rightmove?

In this overview, we’ll delve into the Rightmove data for Abergele, 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 16 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.

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In Abergele, what does the property sales data look like based on Rightmove?

Property investment opportunities presented on Rightmove in Abergele

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 Abergele.

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
LL22 1

In Abergele, analysing Rightmove, what are the number of planning permission applications?

In the UK, planning applications result in a success rate of 82% most of the time. In Abergele, people plan to make modifications to their properties and apply for planning permission with a planning success rate of 82%.

This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 7 monthly planning applications in Abergele, property here is more difficult to conduct improvements on.

If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.

If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.

Looking to buy a house? Rightmove offers a diverse selection of properties for sale. Some of these listings are sold to homeowners and some are sold to investors looking to make a return. Check out more data related to properties for sale in other areas by checking out our list of properties that are for sale throughout the UK if you are interested in comparing Abergele to other regions.

Exploring Abergele’s real estate investment potential on Rightmove

As you delve into the property landscape of Abergele in the region of Wales, 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 16. 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 3% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like Wales.

What are properties sold for on average on Rightmove?

In the area of Abergele in the UK, the average sold price of a property is around £175,603. 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
detached house £207,793
Semi detached house £138,289
Terraced house £122,503
Flat £89,451

A deep dive into rental yield and how this impacts Abergele

A serious investor will know what yield is and how to work it out. The formula is true for Abergele 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 Abergele 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 and in Abergele, how many HMOs are licenced?

Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Abergele.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Abergele, there are 38 for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at no relevant data for this city.

Will you be moving into somewhere with a lot of green space if you moved to Abergele?

Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Abergele, the current data indicates that there are 19.4 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.

Properties to Rent in Abergele on Rightmove

Understanding education levels in the area of Abergele

When considering Abergele, its population reaches 17890 individuals. It is useful to note that around 22% of the residents have attained a higher level of education and the average household income in the area is £37,146.15. 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.

What is the Rightmove data regarding social rent and affordable housing in Abergele?

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 5% in Abergele. And they have an average household income of £37,146.15. 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.

Looking to rent? Find the most valuable data points for the process of renting below. See our full list of areas in the UK with data from Rightmove if you want to compare these rents to other areas in the UK.

FAQ

Uncover the typical property asking price in Abergele through Rightmove data.

In Abergele, the mean price for residential properties up for sale is £175,603. The mean price for the average property valuation across the UK is £286,000.

In the process of property hunting on Rightmove in Abergele, do hidden costs come into play?

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 a lot of crime in the area of Abergele according to Rightmove?

The city of Abergele currently has a crime rate where for every 1000 people who live there 12100% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.

What’s the frequency of property sales per month in Abergele 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 16 as of recent data.

What’s the average cost of a three-bedroom property in Abergele as per Rightmove data?

The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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