6 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Aston contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.
Home listings in Aston on the platform of Rightmove
How to invest in property in Aston using Rightmove data
Based on Rightmove, there is a lot of data you can gather about Aston 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 £1,095. 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 B6, for a two bed is, no relevant data for this city, a three bed is no relevant data for this city. Finally, a four bed average asking price is no relevant data for this city, 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.
Every month, properties are sold on the platform of Rightmove in Aston and you can explore the topics below related to sales that give you an overview of the market.
Linking rental yields with Rightmove property listings in Aston
Rental yield in Aston 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 Aston’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.
In the area, using Rightmove data, what are most people selling their property for?
When exploring the property market in Aston, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £271,528, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Property type||Average selling point|
A look into Rightmove’s Aston property as an Investment
In the area of Aston, Rightmove records consistent sales of 6 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 6% 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 North West by looking at further houses for sale here.
In Aston, what are the number of planning permission applications on Rightmove?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Aston, the people who own homes in this area have a rate of planning success of nan. Individuals usually seek to modify their properties and apply for planning permission whenever they are trying to increase the value of a home.
This means investors should take note of this data in Aston. An above-average success rate indicates that property renovations have been proven to work and are repeatable or it could mean that a lot of the properties in the area are very simple in design. This presents an opportunity for investors to assess successful strategies in the area and adopt similar approaches and of the 4 that take place each month, this is likely the case a lot of the time.
In Aston, what property are people trying to rent on Rightmove?
What is the level of Rightmove affordable housing and social rent in Aston?
Through some digging, we found the level of social rent in the area. Currently, this figure is 38% as the percentage of people who are leasing directly from the government. In the area of Aston, the average household income is £43,830.56 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.
Analysing the rate of education in Aston from Rightmove
Within the city of Aston, the population amounts to 196944 individuals. Among these residents, it is notable that approximately 24% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £43,830.56. 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.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
From Rightmove listings, what is the availability of green space in Aston
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 Aston, the available data reveals that there are 22.9 acres of green space per thousand residents. For health reasons, there should be 6 acres.
According to Rightmove data in Aston, is it worth moving into a HMO?
Currently, the number of licensed HMOs stands at nan that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is no relevant data for this city.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Aston. Understanding where is best to rent in Aston involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
Frequently Asked Questions by Rightmove users
In the city of Aston, what is the median property price?
The average property price for the UK currently stands at £286,000. In the local area of Aston, the average price of a house for sale in the area is £271,528
In the process of property hunting on Rightmove in Aston, do hidden costs come into play?
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.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Aston?
The city of Aston currently has a crime rate where for every 1000 people who live there 9514% 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 Aston as reported by listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 6 properties are being sold every month.
What’s the average cost of a three-bedroom property in Aston as per Rightmove data?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.