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 Cannock 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 28 number of properties that are sold.
According to Rightmove data in Cannock, is it worth moving into a HMO?
The average asking price for a House in Multiple Occupation (HMO) in Cannock 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 Cannock is no relevant data for this city and there are also nan 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 Cannock?
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 Cannock, the available data reveals that there are 23.8 acres of green space per thousand residents. For health reasons, there should be 6 acres.
Properties for sale in Cannock on Rightmove
How can property investments be made using Rightmove data?
In Cannock, the average asking rent in the area is £731 and there is a table below that goes over the asking rent for every type of property there is. Also, in Cannock, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
|Number of bedrooms||Average asking rent|
|5||no relevant data for this city|
|4||no relevant data for this city|
|3||no relevant data for this city|
|2||no relevant data for this city|
The greater the number of sales per month in the area of Cannock, 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.
In the area, using Rightmove data, what are most people selling their property for?
Using Rightmove, there is an average sold price of property that is £186,515 in Cannock. 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|
Is it important to look at yield in Cannock in further detail?
A serious investor will know what yield is and how to work it out. The formula is true for Cannock 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 Cannock 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.
Exploring Cannock’s real estate investment potential on Rightmove
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 28 properties are sold each month), you can work out the turnover too, which is nan in Cannock.
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 5%. Also comparing this data to an area slightly bigger, such as West Midlands by visiting our page for this, you can find additional data to help you on your search too.
In Cannock, what are the number of planning permission applications on Rightmove?
The city of Cannock, according to Rightmove listings, has a commendable planning success rate of nan and there are around 11 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Cannock.
Properties to Rent in Cannock on Rightmove
Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.
Analysing the rate of education in Cannock from Rightmove
When considering Cannock, its population reaches 42626 individuals. It is useful to note that around 16% of the residents have attained a higher level of education and the average household income in the area is £40,400.00. 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.
What is the level of Rightmove affordable housing and social rent in Cannock?
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: 13%. Also, in Cannock, the average amount that people earn per household is £40,400.00. 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.
What questions are asked most frequently?
Uncover the typical property asking price in Cannock through Rightmove data.
At present, within the confines of Cannock, the mean price for houses listed for sale is £186,515.
When utilising Rightmove for finding property in Cannock, are there any charges to consider?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Cannock?
The Cannock community presently experiences a crime rate where 9200% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
What’s the frequency of property sales per month in Cannock as reported by listing portals?
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 28. 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.
According to Rightmove, what’s the mean price of a three-bedroom property in Cannock?
The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.