In the UK, there is a lot that goes into deciding on the right place to buy. The decision gets even more complex if you are buying for an investment as you will have to think a bit more logically rather than thinking emotionally when buying a property. In this article, we go over what the Rightmove data looks like for the city of Callow End so you can make the best decisions and make money on your property purchases. Getting involved in one of the 22 property deals that come off the market each month.
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According to Rightmove data from Callow End, what properties are renting?
Concerning Rightmove, what is the education level like in Callow End?
In the city of Callow End, the population stands at 29799 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 30% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £41,740.00. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.
What is the level of Rightmove affordable housing and social rent in Callow End?
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, 8% of individuals in Callow End rely on government rent and the average household income in the district is £41,740.00.
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.
Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.
Will you be moving into somewhere with a lot of green space if you moved to Callow End?
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 Callow End, the current data indicates the presence of 18.1 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.
In the city of Callow End, regarding Rightmove, what would it look like living in a HMO?
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 Callow End.
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 Callow End, there are 611 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 £480.
In Callow End, what does the property sales data look like based on Rightmove?
Property investment opportunities presented on Rightmove in the city of Callow End
In the area, average asking rents are around £694. 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 Callow End.
| Average asking rent | Number of bedrooms in house |
|---|---|
| no relevant data for this city | 5 |
| no relevant data for this city | 4 |
| no relevant data for this city | 3 |
| no relevant data for this city | 2 |
| WR2 | 1 |
A closer look at rental yield on Rightmove in Callow End
Rental yield in Callow End 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 Callow End’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 Callow End, analysing Rightmove, what are the number of planning permission applications?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Callow End, the people who own homes in this area have a rate of planning success of 85%. 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 Callow End. 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 12 that take place each month, this is likely the case a lot of the time.
Investment analysis of Rightmove property in Callow End
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 West Midlands. However, you can find data for the wider region here.
| Data for Callow End | Average for the UK | |
|---|---|---|
| Turnover | 0.23 | 19% |
| Property sales per month | 22 | 576,000 |
| Population growth over 10 years | 4% | 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 West Midlands.
What is a commons purchase price for property on Rightmove?
The average sold price of properties in Callow End, UK, available on Rightmove is £250,777. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
| Category of property | Average price |
|---|---|
| Flat | £139,763 |
| Terraced house | £183,830 |
| Semi-detached house | £220,970 |
| detached house | £347,175 |
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 Callow End is talked about below and in the following headings.
Frequently asked Questions
How much does the average property cost in Callow End according to Rightmove data?
At present, within the confines of Callow End, the mean price for houses listed for sale is £250,777.
Are there any undisclosed expenses associated with property searches on Rightmove within Callow End?
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.
Based on Rightmove’s information, what’s the level of criminal activity in the Callow End area?
In Callow End, the prevailing crime rate results in 7900% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
According to online listings, what’s the count of property transactions per month in Callow End?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 22. To learn more about houses for sale and why this data is important
On Rightmove, how much does a three-bed property typically cost in Callow End?
Properties with three bedrooms command an average asking price of no relevant data for this city. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.
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