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 Addington 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 75 number of properties that are sold.
Home listings in Addington on the platform of Rightmove
A quick insight into Rightmove property Addington
When contemplating an investment property, you can look at the figures of turnover, the number of sales there are every month in the area, and the population change over ten years. The below table is related to the city rather than the wider area of Greater London. However, you can find data for the wider region here.
|Data for Addington||Average for the UK|
|Property sales per month||75||576,000|
|Population growth over 10 years||7500%||6.5%|
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of Greater London.
Average sold prices of properties on Rightmove
The average sold price of properties in Addington, UK, available on Rightmove is nan. 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|
In Addington, analysing Rightmove, what are the number of planning permission applications?
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 Addington, this number is 65 every month and the success rate for planning permission is nan.
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 Addington, you may be able to do the same and make some money.
The greater the number of sales per month in the area of Addington, 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.
A deep dive into rental yield and how this impacts Addington
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 Addington is £1,317.
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 £1,317 for comparison.
Usually, when looking to invest in Addington, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
How can property investments be made using Rightmove data?
Rightmove data can tell you a lot about the average asking rents of the area of Addington. For example, the table below goes over how rents are distributed according to the number of rooms in the property. Also, the national figure for rental yield that is most common is 4.4%. The £1,317 which is the average yield of rent in the area can be compared for reference.
Read on to see what kind of rent you are looking to charge if you bought a property to see what size is best. Bear in mind as you do so that the average amount of rent that is asked for is £1,657.
|no relevant data for this city||5|
Properties to Rent in Addington on Rightmove
In Addington, in terms of affordable housing and social rent, what does Rightmove data show?
Through some digging, we found the level of social rent in the area. Currently, this figure is 19% as the percentage of people who are leasing directly from the government. In the area of Addington, the average household income is https://lofti.co/rightmove/addington/ 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.
Analysing the rate of education in Addington from Rightmove
When considering Addington, its population reaches https://lofti.co/rightmove/addington/ individuals. It is useful to note that around nan of the residents have attained a higher level of education and the average household income in the area is https://lofti.co/rightmove/addington/. 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.
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.
In the city of Addington, regarding Rightmove, what would it look like living in a HMO?
When it comes to renting in Addington, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is no relevant data for this city. This data is particularly valuable for individuals seeking affordable rental options or like the idea of renting with housemates. If you are looking for more of an expensive property, there are £727 HMO properties with an ensuite too. Contrary to what you may believe, not all HMOs have to be cramped with a lack of space. A HMO with an ensuite will mean you won’t have to come out of your room to use the bathroom, making things very convenient.
According to the most recent Rightmove data, there are a total of nan licensed HMOs in Addington, giving you an idea of the variety and options available in the market.
How much outdoor space is there in Addington?
In Addington, the available data reveals that there are 0.2 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.
What are some frequently asked questions?
What is the average property price in Addington on Rightmove?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Addington, the mean selling price for houses in the area is nan. 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 Addington?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
According to Rightmove data, how prevalent is crime in Addington’s vicinity?
The current crime rate in Addington is such that nan incidents are recorded for every 1000 residents.
What are the house sales per month in Addington?
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 75. 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.
On Rightmove, what is the average price of a three-bed property in Addington?
The average price for a property that has three bedrooms is £1,657. This can be compared to average property prices