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An outlook on houses for rent and sale on Rightmove in Akenham

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ An outlook on houses for rent and sale on Rightmove in Akenham

28 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Akenham contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.

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Properties for sale in Akenham on Rightmove

Property investment opportunities presented on Rightmove in the city of Akenham

In the area, average asking rents are around £846. 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 £0.
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 Akenham.

Average asking rent Number of bedrooms in house
no relevant data for this city 5
£1,150 4
£875 3
£723 2
IP1 1

From Akenham’s Rightmove data, what are the number of planning permission applications?

The city of Akenham, according to Rightmove listings, has a commendable planning success rate of 89% and there are around 15 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Akenham.

Investment analysis of Rightmove property in Akenham

As you delve into the property landscape of Akenham in the region of East of England, 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 28. 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 1.27. 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 East of England.

A deep dive into rental yield and how this impacts Akenham

A serious investor will know what yield is and how to work it out. The formula is true for Akenham 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 Akenham the figure is £0.
This £0 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.

Every month, properties are sold on the platform of Rightmove in Akenham and you can explore the topics below related to sales that give you an overview of the market.

On average and according to Rightmove data, what do properties sell for?

When exploring the property market in Akenham, 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 £207,201, 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
detached house £348,351
Semi-detached house £222,191
Terraced house £172,330
Flat £126,073

In Akenham, what property are people trying to rent on Rightmove?

How to examine income data from Rightmove for Akenham

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 £43,471.43 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.
Akenham’s demographics also reveal a population of 39363 individuals and a percentage of people with degrees falling at 20%. 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.

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

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 17% in Akenham. And they have an average household income of £43,471.43. 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.

How much outdoor space is there in Akenham?

In Akenham, the available data reveals that there are 28.8 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.

In the city of Akenham, 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 Akenham.
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 Akenham, there are 64 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 £500.

What questions are asked most frequently?

How much does the average property cost in Akenham according to Rightmove data?

At present, within the confines of Akenham, the mean price for houses listed for sale is £207,201.

In the process of property hunting on Rightmove in Akenham, 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.

Does Rightmove data indicate a high occurrence of crime in the vicinity of Akenham?

The ongoing crime rate in Akenham indicates 13800% instances for every 1000 citizens.

According to online listings, what’s the count of property transactions per month in Akenham?

To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 28. To learn more about houses for sale and why this data is important

On Rightmove, how much does a three-bed property typically cost in Akenham?

The average cost to rent a property with three bedrooms is £875. This can be weighed against the average property price trends.

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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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