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 Andover 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 31 number of properties that are sold.
Home listings in Andover on the platform of Rightmove
The greater the number of sales per month in the area of Andover, 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.
Average sold prices of properties on Rightmove
In the area of Andover in the UK, the average sold price of a property is around £262,509. This is based on the average of all of the types of property listed on Rightmove and other listing platforms. Take a look below to see how this average is made up:
|Type of property||Average sold price|
|Semi detached house||£269,663|
Linking rental yields with Rightmove property listings in Andover
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 Andover 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 Andover, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
A quick insight into Rightmove property Andover
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 South West. However, you can find data for the wider region here.
|Data for Andover||Average for the UK|
|Property sales per month||31||576,000|
|Population growth over 10 years||10%||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 South West.
In Andover, 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 Andover, this number is 14 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 Andover, you may be able to do the same and make some money.
How to invest in property in Andover using Rightmove data
In Andover, the average asking rent in the area is £882 and there is a table below that goes over the asking rent for every type of property there is. Also, in Andover, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
|Number of bedrooms||Average asking rent|
|5||no relevant data for this city|
|4||no relevant data for this city|
|3||no relevant data for this city|
|2||no relevant data for this city|
According to Rightmove data in Andover, is it worth moving into a HMO?
When it comes to renting in Andover, 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 £572 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 Andover, giving you an idea of the variety and options available in the market.
How much green space do properties have in Andover according to Rightmove?
Green space is universally recommended but unfortunately often compromised in various locations. In cities, the amount of green space often falls below the recommended threshold of 6 acres of green space per thousand people.
In Andover, the current data indicates the presence of 30.9 acres of green space per thousand residents. By comparing this value to the recommended benchmark of 6, we can evaluate the sufficiency of green space in the area.
According to Rightmove data from Andover, what properties are renting?
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Concerning Rightmove, what is the education level like in Andover?
When considering Andover, its population reaches 40475 individuals. It is useful to note that around 20% of the residents have attained a higher level of education and the average household income in the area is £50,882.35. 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.
In Andover, here’s what Rightmove data says about social rent and affordable housing
Through some digging, we found the level of social rent in the area. Currently, this figure is 16% as the percentage of people who are leasing directly from the government. In the area of Andover, the average household income is £50,882.35 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.
What questions are asked most frequently?
Discover the mean property value in Andover as reported on Rightmove.
At present, within the confines of Andover, the mean price for houses listed for sale is £262,509.
When utilising Rightmove for finding property in Andover, are there any charges to consider?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
Is there a lot of crime in the area of Andover according to Rightmove?
The ongoing crime rate in Andover indicates 110 instances for every 1000 citizens.
According to online listings, what’s the count of property transactions per month in Andover?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 31. To learn more about houses for sale and why this data is important
According to Rightmove, what’s the mean price of a three-bedroom property in Andover?
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.