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A guide on Rightmove property in Alvecote

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ A guide on Rightmove property in Alvecote

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 Alvecote so you can make the best decisions and make money on your property purchases. Getting involved in one of the 15 property deals that come off the market each month.

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On Rightmove in Alvecote, what properties are available to rent?

In Alvecote, in terms of affordable housing and social rent, what does Rightmove data show?

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 8% in Alvecote. And they have an average household income of £40,400.00. 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.

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.

Understanding education levels in the area of Alvecote

In the city of Alvecote, the population is 22298. Out of all of these people, it is worth noting the education level. 19% have a degree (a higher level educational degree). Also, the average household income of the area is £40,400.00. This is important to understand for renters as if the degree level is above the average of 22.6%, your neighbours will likely be higher earners. This is not always the case and there are still other factors that determine the quality of your neighbours but taking a note of the degree is always useful.

By analysing Rightmove in Alvecote, is there a lot of green, outdoor space?

In Alvecote, 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.

How many HMOs are licenced in the city of Alvecote on Rightmove?

The average asking price for a House in Multiple Occupation (HMO) in Alvecote 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 Alvecote is no relevant data for this city and there are also 36 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.

A list of properties for Sale in Alvecote on Rightmove

Is it important to look at yield in Alvecote in further detail?

Rental yield in Alvecote is £0 as of 2023. However, this is not to say that there are not higher yields out there. When the economy was favourable for property in 2018. Yields were as high as 11% in places like Sheffield in some cases. However, an average, yet respectable figure you can expect from a property in the UK is around 4.4% so you can compare Alvecote’s yield of £0 to see if you are above or below.
It is useful to note that even though a property may have a below average rental yield, it can still benefit from capital appreciation over time and this profit can be taken when the property is sold.

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 Alvecote is talked about below and in the following headings.

Average sold prices of properties on Rightmove

The average sold price of properties in Alvecote, UK, available on Rightmove is £247,441. 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
Flat £118,998
Terraced house £171,970
Semi-detached house £216,286
detached house £329,652

How Rightmove listings in Alvecote help you make an investment

There is a fair amount of insight that you can gather from the city of Alvecote 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 £825.

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
1 B79
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


In Alvecote, what are the number of planning permission applications on Rightmove?

In the UK, planning applications result in a success rate of 82% most of the time. In Alvecote, people plan to make modifications to their properties and apply for planning permission with a planning success rate of 93%.

This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 11 monthly planning applications in Alvecote, property here is more difficult to conduct improvements on.

If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.

If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.

An overview of Alvecote property in Rightmove from an investment perspective

When considering buying a house for an investment in the area of West Midlands, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.



For instance, you should look at the number of property sales that the area has every month which is 15. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.



On average throughout the UK, in a calendar year, this data is around 22% but for Alvecote it is nan. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 2%. So, you can make of that as you will.

Frequently asked Questions

What is the average property price in Alvecote on Rightmove?

Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Alvecote, the mean selling price for houses in the area is £247,441. 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.

Does exploring properties on Rightmove within Alvecote come with any fees you may not be aware of?

Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)

Is there substantial criminal activity in the area around Alvecote as indicated by Rightmove?

The Alvecote community presently experiences a crime rate where 8800% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.

What are the house sales per month in Alvecote?

To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 15 properties are being sold every month.

On Rightmove, what is the average price of a three-bed property in Alvecote?

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.

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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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