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 Alrewas 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 29 number of properties that are sold.
In Alrewas, what property are people trying to rent on Rightmove?
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
What is the level of Rightmove affordable housing and social rent in Alrewas?
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, 4% of individuals in Alrewas rely on government rent and the average household income in the district is £40,400.00.
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.
How to examine income data from Rightmove for Alrewas
Within the city of Alrewas, the population amounts to 40309 individuals. Among these residents, it is notable that approximately 24% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £40,400.00. 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.
On Rightmove, how are properties listed for sale?
A look into Rightmove’s Alrewas property as an Investment
In the area of Alrewas, Rightmove records consistent sales of 29 properties each month, generating an average yearly turnover of 1.13. This turnover is just from property sales relative to the properties that there already are and 7% is the population change over ten years.
All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.
Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of East Midlands by looking at further houses for sale here.
On Rightmove, how many planning permission applications are there based in Alrewas?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Alrewas, 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 Alrewas. 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 25 that take place each month, this is likely the case a lot of the time.
Property investment opportunities presented on Rightmove in the city of Alrewas
There is a fair amount of insight that you can gather from the city of Alrewas by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £1,004.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
|Number of bedrooms||Average asking rent|
|2||no relevant data for this city|
|3||no relevant data for this city|
|4||no relevant data for this city|
|5||no relevant data for this city|
Alrewas’s rental yield on Rightmove explained
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Alrewas, there is an average of £0 for rental yield.
Alrewas can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
Average sold prices of properties on Rightmove
The average sold price of properties in Alrewas, UK, available on Rightmove is £255,006. 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|
It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Alrewas is talked about below and in the following headings.
According to Rightmove data in Alrewas, is it worth moving into a HMO?
The average asking price for a House in Multiple Occupation (HMO) in Alrewas is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Alrewas is no relevant data for this city and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.
How much outdoor space is there in Alrewas?
In Alrewas, the available data reveals that there are 23.8 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.