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 Abertridwr so you can make the best decisions and make money on your property purchases. Getting involved in one of the 37 property deals that come off the market each month.
Home listings in Abertridwr on the platform of Rightmove
A look into Rightmove’s Abertridwr property as an Investment
As you delve into the property landscape of Abertridwr 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 37. 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 2% 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.
On Rightmove, how many planning permission applications are there based in Abertridwr?
Applying for planning permission in Abertridwr is something landlords tend to do if they want to add some value to their home. As of this month, there were 15 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is 80% and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Abertridwr too, there is a decent amount of opportunity to buy, renovate and make a profit.
Property investment opportunities presented on Rightmove in Abertridwr
In Abertridwr, the average asking rent in the area is £824 and there is a table below that goes over the asking rent for every type of property there is. Also, in Abertridwr, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
|Number of bedrooms||Average asking rent|
|5||no relevant data for this city|
|4||no relevant data for this city|
|3||no relevant data for this city|
|2||no relevant data for this city|
On average and according to Rightmove data, what do properties sell for?
When exploring the property market in Abertridwr, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £175,061, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Property type||Average selling point|
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 Abertridwr to other regions.
Abertridwr’s rental yield on Rightmove explained
Abertridwr averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Abertridwr, is worked out by dividing the net rental income of a property by the purchase price.
Will you be moving into somewhere with a lot of green space if you moved to Abertridwr?
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 Abertridwr, the current data indicates the presence of 28.2 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.
In the city of Abertridwr, regarding Rightmove, what would it look like living in a HMO?
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 Abertridwr.
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 Abertridwr, there are 1 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 £506.
In Abertridwr, what property are people trying to rent on Rightmove?
In Abertridwr, here’s what Rightmove data says about social rent and affordable housing
Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 13% of individuals in Abertridwr rely on government rent and the average household income in the district is £31,375.00.
Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.
If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.
Understanding education levels in the area of Abertridwr
Within the city of Abertridwr, the population amounts to 55303 individuals. Among these residents, it is notable that approximately 21% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £31,375.00. 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.
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 questions are asked most frequently?
What is the average property price in Abertridwr on Rightmove?
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Abertridwr, the average cost of a home available for purchase is £175,061. You can compare these figures to see how far away this city is from the average.
When utilising Rightmove for finding property in Abertridwr, are there any charges to consider?
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 Abertridwr according to Rightmove?
The current crime rate in Abertridwr is such that 82 incidents are recorded for every 1000 residents.
How many monthly property sales does Abertridwr 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 37. 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.
According to Rightmove, what’s the mean price of a three-bedroom property in Abertridwr?
For properties encompassing three bedrooms, the typical asking price hovers around no relevant data for this city. This can be contrasted with the mean property valuations.