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 Cambridge so you can make the best decisions and make money on your property purchases. Getting involved in one of the 7 property deals that come off the market each month.
Home listings in Cambridge on the platform of Rightmove
Property investment opportunities presented on Rightmove in Cambridge
Based on Rightmove, there is a lot of data you can gather about Cambridge 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 £1,385. 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 CB21, 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.
In terms of the number of planning permission applications on Rightmove, what should there be in Cambridge?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Cambridge, 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 Cambridge. 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 11 that take place each month, this is likely the case a lot of the time.
A deep dive into rental yield and how this impacts Cambridge
Rental yield is simply the annual amount of rent that is made from a property after expenses calculated as a percentage. As of 2023, the yield of Cambridge is £0.
It is a wise idea to compare this figure to the rest of the UK. Areas with extremely high yields can get as high as 10% but on the low end where property is very expensive such as in Chelsea, London, yields can be as low as 1%. So use the figure of £0 for comparison.
Usually, when looking to invest in Cambridge, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
An overview of Cambridge property in Rightmove from an investment perspective
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 7 properties are sold each month), you can work out the turnover too, which is nan in Cambridge.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 9%. Also comparing this data to an area slightly bigger, such as East of England by visiting our page for this, you can find additional data to help you on your search too.
A city such as Cambridge has a fair amount of houses for sale on Rightmove. In the following headings, we go over all the relevant data related to Rightmove so you can begin the process of buying a house. Figuring out the best type of property to buy is a difficult process so it is useful to see all the relevant information condensed in one place.
What are properties sold for on average on Rightmove?
Using Rightmove, there is an average sold price of property that is £395,124 in Cambridge. 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.
|Average price of property
On Rightmove and in Cambridge, how many HMOs are licenced?
When it comes to renting in Cambridge, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is no relevant data for this city. This data is particularly valuable for individuals seeking affordable rental options or like the idea of renting with housemates. If you are looking for more of an expensive property, there are no relevant data for this city HMO properties with an ensuite too. Contrary to what you may believe, not all HMOs have to be cramped with a lack of space. A HMO with an ensuite will mean you won’t have to come out of your room to use the bathroom, making things very convenient.
According to the most recent Rightmove data, there are a total of nan licensed HMOs in Cambridge, giving you an idea of the variety and options available in the market.
From Rightmove listings, what is the availability of green space in Cambridge
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 Cambridge, this is 18.0. Compare this figure of 6 which is recommended to have and the data for Cambridge to tell how much green space is around.
In Cambridge, what property are people trying to rent on Rightmove?
Analysing the rate of education in Cambridge from Rightmove
Within the city of Cambridge, the population amounts to 121157 individuals. Among these residents, it is notable that approximately 45% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £47,861.29. 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.
In Cambridge, in terms of affordable housing and social rent, what does Rightmove data show?
There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 12%. Also, in Cambridge, the average amount that people earn per household is £47,861.29. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.
How much does the average property cost in Cambridge according to Rightmove data?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Cambridge, the mean selling price for houses in the area is £395,124. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
In the process of property hunting on Rightmove in Cambridge, do hidden costs come into play?
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.
Is there substantial criminal activity in the area around Cambridge as indicated by Rightmove?
In Cambridge, the prevailing crime rate results in 5160% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What are the house sales per month in Cambridge?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 7 properties are being sold every month.
What’s the average cost of a three-bedroom property in Cambridge as per Rightmove data?
The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices