In this overview, we’ll delve into the Rightmove data for Austhorpe, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 26 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
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A list of properties for Sale in Austhorpe on Rightmove
The greater the number of sales per month in the area of Austhorpe, 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 Austhorpe in the UK, the average sold price of a property is around £219,254. 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 |
|---|---|
| detached house | £302,998 |
| Semi detached house | £198,966 |
| Terraced house | £168,678 |
| Flat | £110,605 |
How Rightmove listings in Austhorpe help you make an investment
There is a fair amount of insight that you can gather from the city of Austhorpe by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £939.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
| Number of bedrooms | Average asking rent |
|---|---|
| 1 | LS15 |
| 2 | no relevant data for this city |
| 3 | no relevant data for this city |
| 4 | no relevant data for this city |
| 5 | no relevant data for this city |
Austhorpe’s rental yield on Rightmove explained
A serious investor will know what yield is and how to work it out. The formula is true for Austhorpe 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 Austhorpe 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.
Investment analysis of Rightmove property in Austhorpe
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 North East. However, you can find data for the wider region here.
| Data for Austhorpe | Average for the UK | |
|---|---|---|
| Turnover | 0.8 | 19% |
| Property sales per month | 26 | 576,000 |
| Population growth over 10 years | 7% | 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 North East.
In Austhorpe, what are the number of planning permission applications on Rightmove?
Applying for planning permission in Austhorpe is something landlords tend to do if they want to add some value to their home. As of this month, there were 19 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is nan and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Austhorpe too, there is a decent amount of opportunity to buy, renovate and make a profit.
Properties to Rent in Austhorpe on Rightmove
How to examine income data from Rightmove for Austhorpe
Within the city of Austhorpe, the population amounts to 34715 individuals. Among these residents, it is notable that approximately 19% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £38,322.37. 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.
Looking to rent? Find the most valuable data points for the process of renting below. See our full list of areas in the UK with data from Rightmove if you want to compare these rents to other areas in the UK.
What is the outlook for social rent and affordable housing according to Rightmove in Austhorpe?
Through some digging, we found the level of social rent in the area. Currently, this figure is 8% as the percentage of people who are leasing directly from the government. In the area of Austhorpe, the average household income is £38,322.37 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.
How much outdoor space is there in Austhorpe?
Green space is something that is recommended to everyone to have but then again, it is often compromised in a lot of locations. For instance, in cities, the amount of green space is often well below the recommended figure of 6 acres of green space for every thousand people. In Austhorpe, this is 14.6. Compare this figure of 6 which is recommended to have and the data for Austhorpe to tell how much green space is around.
On Rightmove and in Austhorpe, how many HMOs are licenced?
Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Austhorpe.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Austhorpe, there are nan for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at no relevant data for this city.
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