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 Abingdon 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 26 number of properties that are sold.
How many HMOs are licenced in the city of Abingdon on Rightmove?
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 £648.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Abingdon. Understanding where is best to rent in Abingdon involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
From Rightmove listings, what is the availability of green space in Abingdon
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 Abingdon, the current data indicates that there are 21.6 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 Abingdon on Rightmove
How to examine income data from Rightmove for Abingdon
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 £55,083.33 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.
Abingdon’s demographics also reveal a population of 44276 individuals and a percentage of people with degrees falling at 36%. 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.
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 Rightmove data regarding social rent and affordable housing in Abingdon?
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 9% in Abingdon. And they have an average household income of £55,083.33. 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.
In Abingdon, what does the property sales data look like based on Rightmove?
A look into Rightmove’s Abingdon property as an Investment
As you delve into the property landscape of Abingdon in the region of South East, 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 26. 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 1.45. 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 South East.
Property investment opportunities presented on Rightmove in Abingdon
Based on Rightmove, there is a lot of data you can gather about Abingdon and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £1,136. 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 OX14, for a two bed is, no relevant data for this city, a three bed is £1,221. 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.
The greater the number of sales per month in the area of Abingdon, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.
In the area, using Rightmove data, what are most people selling their property for?
The average sold price of properties in Abingdon, UK, available on Rightmove is £343,313. 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|
Abingdon’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 Abingdon is £0.
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 £0 for comparison.
Usually, when looking to invest in Abingdon, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
On Rightmove, how many planning permission applications are there based in Abingdon?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Abingdon, 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 Abingdon. 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 21 that take place each month, this is likely the case a lot of the time.
What are some frequently asked questions?
How much does the average property cost in Abingdon according to Rightmove data?
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Abingdon, the average cost of a home available for purchase is £343,313. You can compare these figures to see how far away this city is from the average.
When utilising Rightmove for finding property in Abingdon, are there any charges to consider?
Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Abingdon?
The ongoing crime rate in Abingdon indicates 7200% instances for every 1000 citizens.
What are the house sales per month in Abingdon?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 26 properties are being sold every month.
According to Rightmove, what’s the mean price of a three-bedroom property in Abingdon?
The mean asking price for a property featuring three bedrooms stands at £1,221.