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 Castlemilk 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 no relevant data for this city number of properties that are sold.
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On Rightmove in Castlemilk, what properties are available to rent?
What is the Rightmove data regarding social rent and affordable housing in Castlemilk?
Through some digging, we found the level of social rent in the area. Currently, this figure is no relevant data for this city as the percentage of people who are leasing directly from the government. In the area of Castlemilk, the average household income is no relevant data for this city 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.
How to examine income data from Rightmove for Castlemilk
In the city of Castlemilk, the population is 14862. Out of all of these people, it is worth noting the education level. 25% have a degree (a higher level educational degree). Also, the average household income of the area is no relevant data for this city. This is important to understand for renters as if the degree level is above the average of 22.6%, your neighbours will likely be higher earners. This is not always the case and there are still other factors that determine the quality of your neighbours but taking a note of the degree is always useful.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
How many HMOs are licenced in the city of Castlemilk on Rightmove?
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 Castlemilk.
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 Castlemilk, there are nan 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 no relevant data for this city.
Will you be moving into somewhere with a lot of green space if you moved to Castlemilk?
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 Castlemilk, the current data indicates the presence of 14.9 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, how are properties listed for sale?
A deep dive into rental yield and how this impacts Castlemilk
A serious investor will know what yield is and how to work it out. The formula is true for Castlemilk 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 Castlemilk the figure is no relevant data for this city.
This no relevant data for this city 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.
Average sold prices of properties on Rightmove
The average sold price of properties in Castlemilk, UK, available on Rightmove is £90,652. 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 | £61,407 |
| Terraced house | £107,771 |
| Semi-detached house | £137,766 |
| detached house | no relevant data for this city |
Exploring Castlemilk’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 no relevant data for this city properties are sold each month), you can work out the turnover too, which is no relevant data for this city in Castlemilk.
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 8%. Also comparing this data to an area slightly bigger, such as Scotland by visiting our page for this, you can find additional data to help you on your search too.
Property investment opportunities presented on Rightmove in Castlemilk
Based on Rightmove, there is a lot of data you can gather about Castlemilk and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is no relevant data for this city. and the average asking rent based on Rightmove data is no relevant data for this city. 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 no relevant data for this city, 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 Castlemilk, analysing Rightmove, what are the number of planning permission applications?
Applying for planning permission in Castlemilk is something landlords tend to do if they want to add some value to their home. As of this month, there were no relevant data for this city planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is nan and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Castlemilk too, there is a decent amount of opportunity to buy, renovate and make a profit.
Looking to buy a house? Rightmove offers a diverse selection of properties for sale. Some of these listings are sold to homeowners and some are sold to investors looking to make a return. Check out more data related to properties for sale in other areas by checking out our list of properties that are for sale throughout the UK if you are interested in comparing Castlemilk to other regions.
Frequently asked Questions
How much does the average property cost in Castlemilk according to Rightmove data?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Castlemilk, the mean selling price for houses in the area is £90,652. 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.
When utilising Rightmove for finding property in Castlemilk, are there any charges to consider?
Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.
Based on Rightmove’s information, what’s the level of criminal activity in the Castlemilk area?
The city of Castlemilk currently has a crime rate where for every 1000 people who live there no relevant data for this city commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What are the house sales per month in Castlemilk?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that no relevant data for this city properties are being sold every month.
On Rightmove, how much does a three-bed property typically cost in Castlemilk?
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
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