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 Arnold 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 61 number of properties that are sold.
How much outdoor space is there in Arnold?
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 Arnold, the current data indicates the presence of 22.6 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.
In the city of Arnold, regarding Rightmove, what would it look like living in a HMO?
In Arnold, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Arnold is currently £520, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
On Rightmove in Arnold, what properties are available to rent?
In Arnold, in terms of affordable housing and social rent, what does Rightmove data show?
There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 12%. Also, in Arnold, the average amount that people earn per household is £40,508.70. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
How to examine income data from Rightmove for Arnold
Within the city of Arnold, the population amounts to 87066 individuals. Among these residents, it is notable that approximately 26% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £40,508.70. 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.
Properties for sale in Arnold on Rightmove
On Rightmove, how many planning permission applications are there based in Arnold?
In the UK, planning applications result in a success rate of 82% most of the time. In Arnold, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.
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 16 monthly planning applications in Arnold, 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.
Average sold prices of properties on Rightmove
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Arnold. With an overall sold price of approximately £176,869, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.
|Class of property||Average sale|
Exploring Arnold’s real estate investment potential on Rightmove
When considering buying a house for an investment in the area of East 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 61. 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 Arnold it is 0.87. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 9%. So, you can make of that as you will.
A city such as Arnold has a fair amount of houses for sale on Rightmove. In the following headings, we go over all the relevant data related to Rightmove so you can begin the process of buying a house. Figuring out the best type of property to buy is a difficult process so it is useful to see all the relevant information condensed in one place.
A deep dive into rental yield and how this impacts Arnold
Arnold averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Arnold, is worked out by dividing the net rental income of a property by the purchase price.
How Rightmove listings in Arnold help you make an investment
In the area, average asking rents are around £818. 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 Arnold.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||5|
|no relevant data for this city||2|