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 Chadwell Heath 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 16 number of properties that are sold.
By analysing Rightmove in Chadwell Heath, is there a lot of green, outdoor space?
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 Chadwell Heath, the current data indicates the presence of 13.1 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.
According to Rightmove data in Chadwell Heath, is it worth moving into a HMO?
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 Chadwell Heath.
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 Chadwell Heath, 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 £681.
Properties to Rent in Chadwell Heath on Rightmove
What is the level of Rightmove affordable housing and social rent in Chadwell Heath?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 14% of individuals in Chadwell Heath rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £54,216.99. Most people in the Uk earn around £34,000 which is convenient for comparison.
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.
Analysing the rate of education in Chadwell Heath from Rightmove
In the city of Chadwell Heath, the population is 32912. 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 £54,216.99. 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.
In Chadwell Heath, what does the property sales data look like based on Rightmove?
It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Chadwell Heath is talked about below and in the following headings.
In Chadwell Heath, 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 Chadwell Heath, 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 Chadwell Heath. 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 23 that take place each month, this is likely the case a lot of the time.
Investment analysis of Rightmove property in Chadwell Heath
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 16 properties are sold each month), you can work out the turnover too, which is 0.82 in Chadwell Heath.
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 14%. 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.
Chadwell Heath’s rental yield on Rightmove explained
Chadwell Heath averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Chadwell Heath, is worked out by dividing the net rental income of a property by the purchase price.
What is a commons purchase price for property on Rightmove?
The average sold price of properties in Chadwell Heath, UK, available on Rightmove is £377,494. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
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How to invest in property in Chadwell Heath using Rightmove data
Rightmove data can tell you a lot about the average asking rents of the area of Chadwell Heath. 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 £1,524.
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What are some frequently asked questions?
How much does the average property cost in Chadwell Heath according to Rightmove data?
At present, within the confines of Chadwell Heath, the mean price for houses listed for sale is £377,494.
On Rightmove, are there any hidden costs when searching for property in the city of Chadwell Heath?
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 Chadwell Heath?
The city of Chadwell Heath currently has a crime rate where for every 1000 people who live there 11200% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
In Chadwell Heath, how many sales per month are there according to listing portals?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 16 as of recent data.
What’s the average cost of a three-bedroom property in Chadwell Heath as per Rightmove data?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.