In this overview, we’ll delve into the Rightmove data for Chester, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 25 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
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Properties for sale in Chester on Rightmove
A deep dive into rental yield and how this impacts Chester
A serious investor will know what yield is and how to work it out. The formula is true for Chester 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 Chester 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.
In Chester, 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 Chester, the people who own homes in this area have a rate of planning success of 94%. 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 Chester. 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 9 that take place each month, this is likely the case a lot of the time.
A city such as Chester 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 the city of Chester
In the area, average asking rents are around £809. 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 Chester.
| 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 | 3 |
| no relevant data for this city | 2 |
| CH4 | 1 |
A quick insight into Rightmove property Chester
When contemplating an investment property, you can look at the figures of turnover, the number of sales there are every month in the area, and the population change over ten years. The below table is related to the city rather than the wider area of North West. However, you can find data for the wider region here.
| Data for Chester | Average for the UK | |
|---|---|---|
| Turnover | nan | 19% |
| Property sales per month | 25 | 576,000 |
| Population growth over 10 years | 3% | 6.5% |
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of North West.
Average sold prices of properties on Rightmove
Using Rightmove, there is an average sold price of property that is £224,309 in Chester. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
| Property category | Average price of property |
|---|---|
| Flat | £114,780 |
| Terraced house | £162,978 |
| Semi-detached house | £189,896 |
| detached house | £309,787 |
In the city of Chester, regarding Rightmove, what would it look like living in a HMO?
In Chester, of the total number of licensed HMOs (130) 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 Chester is currently £517, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
How much outdoor space is there in Chester?
In Chester, the available data reveals that there are 17.7 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 to Rent in Chester on Rightmove
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
How to examine income data from Rightmove for Chester
When considering Chester, its population reaches 80254 individuals. It is useful to note that around 31% of the residents have attained a higher level of education and the average household income in the area is £36,521.05. 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.
What is the outlook for social rent and affordable housing according to Rightmove in Chester?
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, 8% of individuals in Chester rely on government rent and the average household income in the district is £36,521.05.
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.
Frequently asked Questions
Discover the mean property value in Chester as reported on Rightmove.
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Chester, the mean selling price for houses in the area is £224,309. 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 Chester, 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.
According to Rightmove data, how prevalent is crime in Chester’s vicinity?
The Chester community presently experiences a crime rate where 7433% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
What are the house sales per month in Chester?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 25. To learn more about houses for sale and why this data is important
What’s the usual price range for a three-bedroom property on Rightmove in Chester?
The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.
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