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 Aspley, aiming to guide your investment decisions.
It’s worth noting that currently, 31 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.
Properties to Rent in Aspley on Rightmove
In Aspley, in terms of affordable housing and social rent, what does Rightmove data show?
Through some digging, we found the level of social rent in the area. Currently, this figure is 21% as the percentage of people who are leasing directly from the government. In the area of Aspley, the average household income is £40,508.70 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.
Aspley’s demographics and income insights based on Rightmove data
In the city of Aspley, the population is 63834. Out of all of these people, it is worth noting the education level. 20% have a degree (a higher level educational degree). Also, the average household income of the area is £40,508.70. 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.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
In Aspley, what does the property sales data look like based on Rightmove?
On Rightmove, how many planning permission applications are there based in Aspley?
The city of Aspley, according to Rightmove listings, has a commendable planning success rate of nan and there are around 18 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Aspley.
Property investment opportunities presented on Rightmove in the city of Aspley
Based on Rightmove, there is a lot of data you can gather about Aspley and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £1,030. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is NG8, for a two bed is, no relevant data for this city, a three bed is £932. Finally, a four bed average asking price is £1,182, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.
Is it important to look at yield in Aspley in further detail?
A serious investor will know what yield is and how to work it out. The formula is true for Aspley and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Aspley the figure is £0.
This £0 as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.
A quick insight into Rightmove property Aspley
In the area of Aspley, Rightmove records consistent sales of 31 properties each month, generating an average yearly turnover of 0.76. This turnover is just from property sales relative to the properties that there already are and 12% 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.
The greater the number of sales per month in the area of Aspley, 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.
In the area, using Rightmove data, what are most people selling their property for?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Aspley. With an overall sold price of approximately £197,127, 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|
In the city of Aspley, regarding Rightmove, what would it look like living in a HMO?
When it comes to renting in Aspley, 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 £542 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 Aspley, giving you an idea of the variety and options available in the market.
Will you be moving into somewhere with a lot of green space if you moved to Aspley?
Green space is a vital element that is often compromised in different locations, hindering its availability. For instance, urban areas frequently fall short of the recommended benchmark of 6 acres of green space per thousand people. In Aspley, the available data reveals that there are 22.6 acres of green space per thousand residents. For health reasons, there should be 6 acres.
What are some frequently asked questions?
In the city of Aspley, what is the median property price?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Aspley, the mean selling price for houses in the area is £197,127. 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.
On Rightmove, are there any hidden costs when searching for property in the city of Aspley?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
According to Rightmove data, how prevalent is crime in Aspley’s vicinity?
The city of Aspley currently has a crime rate where for every 1000 people who live there 12600% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What’s the frequency of property sales per month in Aspley as reported by listing portals?
31 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
According to Rightmove, what’s the mean price of a three-bedroom property in Aspley?
The average price for a property that has three bedrooms is £932. This can be compared to average property prices