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 Castell-y-bwch 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 31 number of properties that are sold.
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According to Rightmove data in Castell-y-bwch, is it worth moving into a HMO?
In Castell-y-bwch, 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 Castell-y-bwch is currently £477, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
How much outdoor space is there in Castell-y-bwch?
In Castell-y-bwch, the available data reveals that there are 10.0 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.
Properties for sale in Castell-y-bwch on Rightmove
Average sold prices of properties on Rightmove
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Castell-y-bwch. With an overall sold price of approximately £186,126, 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 |
|---|---|
| Flat | £89,570 |
| Terraced house | £134,450 |
| Semi-detached house | £171,815 |
| detached house | £272,885 |
In Castell-y-bwch, 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 Castell-y-bwch, 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 Castell-y-bwch. 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.
Investment analysis of Rightmove property in Castell-y-bwch
In the area of Castell-y-bwch, Rightmove records consistent sales of 31 properties each month, generating an average yearly turnover of nan. This turnover is just from property sales relative to the properties that there already are and 4% is the population change over ten years.
All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.
Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of Wales by looking at further houses for sale here.
The greater the number of sales per month in the area of Castell-y-bwch, 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.
Property investment opportunities presented on Rightmove in Castell-y-bwch
Rightmove data can tell you a lot about the average asking rents of the area of Castell-y-bwch. For example, the table below goes over how rents are distributed according to the number of rooms in the property. Also, the national figure for rental yield that is most common is 4.4%. The £0 which is the average yield of rent in the area can be compared for reference.
Read on to see what kind of rent you are looking to charge if you bought a property to see what size is best. Bear in mind as you do so that the average amount of rent that is asked for is £820.
| Asking rent | Bedrooms |
|---|---|
| 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 |
| NP44 | 1 |
Is it important to look at yield in Castell-y-bwch in further detail?
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 Castell-y-bwch 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 Castell-y-bwch, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
In Castell-y-bwch, what property are people trying to rent on Rightmove?
Understanding education levels in the area of Castell-y-bwch
When considering Castell-y-bwch, its population reaches 47345 individuals. It is useful to note that around 19% of the residents have attained a higher level of education and the average household income in the area is £35,200.00. 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.
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.
What is the outlook for social rent and affordable housing according to Rightmove in Castell-y-bwch?
Through some digging, we found the level of social rent in the area. Currently, this figure is 13% as the percentage of people who are leasing directly from the government. In the area of Castell-y-bwch, the average household income is £35,200.00 too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.
Frequently asked Questions
In the city of Castell-y-bwch, what is the median property price?
The average property price for the UK currently stands at £286,000. In the local area of Castell-y-bwch, the average price of a house for sale in the area is £186,126
When utilising Rightmove for finding property in Castell-y-bwch, are there any charges to consider?
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 Castell-y-bwch as indicated by Rightmove?
The ongoing crime rate in Castell-y-bwch indicates 10500% instances for every 1000 citizens.
How many monthly property sales does Castell-y-bwch witness according to listing platforms?
31 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
On Rightmove, what is the average price of a three-bed property in Castell-y-bwch?
For properties encompassing three bedrooms, the typical asking price hovers around no relevant data for this city. This can be contrasted with the mean property valuations.
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