Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Caldecott and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 19 number of properties that are sold.
On Rightmove and in Caldecott, how many HMOs are licenced?
In Caldecott, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Caldecott is currently no relevant data for this city, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
Will you be moving into somewhere with a lot of green space if you moved to Caldecott?
Green space is universally recommended but unfortunately often compromised in various locations. In cities, the amount of green space often falls below the recommended threshold of 6 acres of green space per thousand people.
In Caldecott, the current data indicates the presence of 19.8 acres of green space per thousand residents. By comparing this value to the recommended benchmark of 6, we can evaluate the sufficiency of green space in the area.
On Rightmove in Caldecott, what properties are available to rent?
Analysing the rate of education in Caldecott from Rightmove
Within the city of Caldecott, the population amounts to 26243 individuals. Among these residents, it is notable that approximately 20% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £43,305.56. 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.
What is the Rightmove data regarding social rent and affordable housing in Caldecott?
Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 11% of individuals in Caldecott rely on government rent and the average household income in the district is £43,305.56.
Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.
If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Home listings in Caldecott on the platform of Rightmove
How Rightmove listings in Caldecott help you make an investment
Based on Rightmove, there is a lot of data you can gather about Caldecott 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 £823. 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 NN9, 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.
On Rightmove, how many planning permission applications are there based in Caldecott?
On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Caldecott, this number is 12 every month and the success rate for planning permission is nan.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Caldecott, you may be able to do the same and make some money.
On average and according to Rightmove data, what do properties sell for?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Caldecott. With an overall sold price of approximately £231,812, 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|
Exploring Caldecott’s real estate investment potential on Rightmove
When considering buying a house for an investment in the area of West Midlands, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is 19. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Caldecott it is nan. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been no relevant data for this city. So, you can make of that as you will.
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 Caldecott is talked about below and in the following headings.
Caldecott’s rental yield on Rightmove explained
Caldecott averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Caldecott, is worked out by dividing the net rental income of a property by the purchase price.