20 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Caterham contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.
Properties to Rent in Caterham 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.
In Caterham, here’s what Rightmove data says about social rent and affordable housing
It is well researched and understood that humans like to associate themself with similar people and this is why it’s important to find an area where people are earning a similar amount to you. The percentage of people who are renting from the government is 4% in Caterham. And they have an average household income of £59,347.27. If you think these numbers are similar to your financial situation or reflect an area you want to live in, then this is a good sign.
Analysing the rate of education in Caterham from Rightmove
In the city of Caterham, the population stands at 28748 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 33% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £59,347.27. 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.
In Caterham, what does the property sales data look like based on Rightmove?
Caterham’s rental yield on Rightmove explained
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Caterham, there is an average of £0 for rental yield.
Caterham can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
In the area, using Rightmove data, what are most people selling their property for?
The average sold price of properties in Caterham, UK, available on Rightmove is £418,922. 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|
Property investment opportunities presented on Rightmove in Caterham
In the area, average asking rents are around £1,361. 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 Caterham.
|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||2|
In terms of the number of planning permission applications on Rightmove, what should there be in Caterham?
Applying for planning permission in Caterham is something landlords tend to do if they want to add some value to their home. As of this month, there were 21 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 Caterham too, there is a decent amount of opportunity to buy, renovate and make a profit.
Every month, properties are sold on the platform of Rightmove in Caterham and you can explore the topics below related to sales that give you an overview of the market.
A quick insight into Rightmove property Caterham
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 20 properties are sold each month), you can work out the turnover too, which is 1.01 in Caterham.
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 7%. Also comparing this data to an area slightly bigger, such as Greater London by visiting our page for this, you can find additional data to help you on your search too.
What are the number of HMOs on Rightmove that are licenced in the area of Caterham?
The average asking price for a House in Multiple Occupation (HMO) in Caterham 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 Caterham is £684 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 Caterham?
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 Caterham, this is 43.0. Compare this figure of 6 which is recommended to have and the data for Caterham to tell how much green space is around.
Frequently Asked Questions by Rightmove users
What is the average property price in Caterham on Rightmove?
At present, within the confines of Caterham, the mean price for houses listed for sale is £418,922.
On Rightmove, are there any hidden costs when searching for property in the city of Caterham?
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.
According to Rightmove data, how prevalent is crime in Caterham’s vicinity?
The current crime rate in Caterham is such that 7200% incidents are recorded for every 1000 residents.
In Caterham, how many sales per month are there according to listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 20 properties are being sold every month.
On Rightmove, how much does a three-bed property typically cost in Caterham?
The average price for a property that has three bedrooms is £1,502. This can be compared to average property prices