Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Ashfield, aiming to guide your investment decisions.
It’s worth noting that currently, 28 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
In Ashfield, 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 Ashfield?
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 6% in Ashfield. 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.
Concerning Rightmove, what is the education level like in Ashfield?
When considering Ashfield, its population reaches 39112 individuals. It is useful to note that around 25% of the residents have attained a higher level of education and the average household income in the area is £43,471.43. 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.
Home listings in Ashfield on the platform of Rightmove
How to invest in property in Ashfield using Rightmove data
In the area, average asking rents are around £932. 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 Ashfield.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||5|
|no relevant data for this city||4|
|no relevant data for this city||2|
The greater the number of sales per month in the area of Ashfield, 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.
Investment analysis of Rightmove property in Ashfield
In the area of Ashfield, Rightmove records consistent sales of 28 properties each month, generating an average yearly turnover of nan. This turnover is just from property sales relative to the properties that there already are and 9% 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 of England by looking at further houses for sale here.
Linking rental yields with Rightmove property listings in Ashfield
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 Ashfield, there is an average of £0 for rental yield.
Ashfield 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 Ashfield, UK, available on Rightmove is £259,166. 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|
From Ashfield’s Rightmove data, what are the number of planning permission applications?
In the UK, planning applications result in a success rate of 82% most of the time. In Ashfield, 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 27 monthly planning applications in Ashfield, 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.
How many HMOs are licenced in the city of Ashfield on Rightmove?
The average asking price for a House in Multiple Occupation (HMO) in Ashfield 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 Ashfield 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 Ashfield?
Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Ashfield, the current data indicates that there are 28.8 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.
What are some frequently asked questions?
In the city of Ashfield, what is the median property price?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Ashfield, the mean selling price for houses in the area is £259,166. 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.
Are there any undisclosed expenses associated with property searches on Rightmove within Ashfield?
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.
Based on Rightmove’s information, what’s the level of criminal activity in the Ashfield area?
In Ashfield, the prevailing crime rate results in 5800% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What are the house sales per month in Ashfield?
28 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
What’s the usual price range for a three-bedroom property on Rightmove in Ashfield?
The average cost to rent a property with three bedrooms is £855. This can be weighed against the average property price trends.