In this overview, we’ll delve into the Rightmove data for Caddington, 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 19 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.
Properties to Rent in Caddington on Rightmove
What is the level of Rightmove affordable housing and social rent in Caddington?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 13% of individuals in Caddington rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £47,240.91. Most people in the Uk earn around £34,000 which is convenient for comparison.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
Analysing the rate of education in Caddington from Rightmove
When considering Caddington, its population reaches 43432 individuals. It is useful to note that around 22% of the residents have attained a higher level of education and the average household income in the area is £47,240.91. 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.
How many HMOs are licenced in the city of Caddington on Rightmove?
The average asking price for a House in Multiple Occupation (HMO) in Caddington 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 Caddington is £532 and there are also 184 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 Caddington?
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 Caddington, the available data reveals that there are 24.5 acres of green space per thousand residents. For health reasons, there should be 6 acres.
On Rightmove, how are properties listed for sale?
On average and according to Rightmove data, what do properties sell for?
Using Rightmove, there is an average sold price of property that is £266,343 in Caddington. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
Linking rental yields with Rightmove property listings in Caddington
Rental yield in Caddington 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 Caddington’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.
It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Caddington is talked about below and in the following headings.
In Caddington, 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 Caddington, the people who own homes in this area have a rate of planning success of 72%. 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 Caddington. 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 17 that take place each month, this is likely the case a lot of the time.
How can property investments be made using Rightmove data?
In the area, average asking rents are around £897. 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 Caddington.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||5|
|no relevant data for this city||4|
A quick insight into Rightmove property Caddington
As you delve into the property landscape of Caddington in the region of East of England, Rightmove becomes an invaluable resource that provides data that can be looked at every month.
Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 19. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.
So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is 0.78. Every decade population change should also be considered. This figure stands at 8% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like East of England.
Discover the mean property value in Caddington as reported on Rightmove.
At present, within the confines of Caddington, the mean price for houses listed for sale is £266,343.
Does exploring properties on Rightmove within Caddington come with any fees you may not be aware of?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Caddington?
The current crime rate in Caddington is such that 20500% incidents are recorded for every 1000 residents.
According to online listings, what’s the count of property transactions per month in Caddington?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is 19. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
On Rightmove, what is the average price of a three-bed property in Caddington?
The average price for a property that has three bedrooms is £1,217. This can be compared to average property prices