27 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.
Chapeltown 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.
From Rightmove listings, what is the availability of green space in Chapeltown
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 Chapeltown, the available data reveals that there are 17.6 acres of green space per thousand residents. For health reasons, there should be 6 acres.
On Rightmove and in Chapeltown, how many HMOs are licenced?
When it comes to renting in Chapeltown, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is no relevant data for this city. This data is particularly valuable for individuals seeking affordable rental options or like the idea of renting with housemates. If you are looking for more of an expensive property, there are no relevant data for this city HMO properties with an ensuite too. Contrary to what you may believe, not all HMOs have to be cramped with a lack of space. A HMO with an ensuite will mean you won’t have to come out of your room to use the bathroom, making things very convenient.
According to the most recent Rightmove data, there are a total of nan licensed HMOs in Chapeltown, giving you an idea of the variety and options available in the market.
In Chapeltown, what property are people trying to rent on Rightmove?
How to examine income data from Rightmove for Chapeltown
In the city of Chapeltown, the population stands at 41369 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 20% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £38,733.33. 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
What is the level of Rightmove affordable housing and social rent in Chapeltown?
Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 9% of individuals in Chapeltown rely on government rent and the average household income in the district is £38,733.33.
Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.
If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.
A list of properties for Sale in Chapeltown on Rightmove
In terms of the number of planning permission applications on Rightmove, what should there be in Chapeltown?
In the UK, planning applications result in a success rate of 82% most of the time. In Chapeltown, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.
This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 15 monthly planning applications in Chapeltown, property here is more difficult to conduct improvements on.
If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.
If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.
Chapeltown’s rental yield on Rightmove explained
A serious investor will know what yield is and how to work it out. The formula is true for Chapeltown 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 Chapeltown 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.
On average and according to Rightmove data, what do properties sell for?
In the area of Chapeltown in the UK, the average sold price of a property is around £191,026. This is based on the average of all of the types of property listed on Rightmove and other listing platforms. Take a look below to see how this average is made up:
|Type of property||Average sold price|
|Semi detached house||£172,561|
A city such as Chapeltown has a fair amount of houses for sale on Rightmove. In the following headings, we go over all the relevant data related to Rightmove so you can begin the process of buying a house. Figuring out the best type of property to buy is a difficult process so it is useful to see all the relevant information condensed in one place.
Property investment opportunities presented on Rightmove in Chapeltown
In Chapeltown, the average asking rent in the area is £874 and there is a table below that goes over the asking rent for every type of property there is. Also, in Chapeltown, 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|
An overview of Chapeltown property in Rightmove from an investment perspective
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 27 properties are sold each month), you can work out the turnover too, which is nan in Chapeltown.
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 East Midlands by visiting our page for this, you can find additional data to help you on your search too.
What questions are asked most frequently?
Discover the mean property value in Chapeltown as reported on Rightmove.
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Chapeltown, the average cost of a home available for purchase is £191,026. You can compare these figures to see how far away this city is from the average.
When utilising Rightmove for finding property in Chapeltown, 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.
According to Rightmove data, how prevalent is crime in Chapeltown’s vicinity?
In Chapeltown, the prevailing crime rate results in 7600% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
How many monthly property sales does Chapeltown witness according to listing platforms?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 27. To learn more about houses for sale and why this data is important
On Rightmove, how much does a three-bed property typically cost in Chapeltown?
Properties with three bedrooms command an average asking price of no relevant data for this city. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.