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An outlook on houses for rent and sale on Rightmove in Chichester

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ An outlook on houses for rent and sale on Rightmove in Chichester

In the UK, there is a lot that goes into deciding on the right place to buy. The decision gets even more complex if you are buying for an investment as you will have to think a bit more logically rather than thinking emotionally when buying a property. In this article, we go over what the Rightmove data looks like for the city of Chichester so you can make the best decisions and make money on your property purchases. Getting involved in one of the 21 property deals that come off the market each month.

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On Rightmove in Chichester, what properties are available to rent?

Concerning Rightmove, what is the education level like in Chichester?

In the city of Chichester, the population is 30184. Out of all of these people, it is worth noting the education level. 34% have a degree (a higher level educational degree). Also, the average household income of the area is £45,146.15. 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.

Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.

What is the Rightmove data regarding social rent and affordable housing in Chichester?

Through some digging, we found the level of social rent in the area. Currently, this figure is 14% as the percentage of people who are leasing directly from the government. In the area of Chichester, the average household income is £45,146.15 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.

On Rightmove, how are properties listed for sale?

A look into Rightmove’s Chichester property as an Investment

In the area of Chichester, Rightmove records consistent sales of 21 properties each month, generating an average yearly turnover of nan. This turnover is just from property sales relative to the properties that there already are and 7% is the population change over ten years.



All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.



Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of South East by looking at further houses for sale here.

In terms of the number of planning permission applications on Rightmove, what should there be in Chichester?

The city of Chichester, according to Rightmove listings, has a commendable planning success rate of nan and there are around 13 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Chichester.

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 Chichester is talked about below and in the following headings.

A deep dive into rental yield and how this impacts Chichester

A serious investor will know what yield is and how to work it out. The formula is true for Chichester 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 Chichester 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.

Average sold prices of properties on Rightmove

When exploring the property market in Chichester, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £352,694, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.

Property type Average selling point
detached house £534,535
Semi-detached house £376,740
Terraced house £348,007
Flat £231,068

How Rightmove listings in Chichester help you make an investment

Rightmove data can tell you a lot about the average asking rents of the area of Chichester. 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 £1,268.

Asking rent Bedrooms
no relevant data for this city 5
no relevant data for this city 4
£1,224 3
no relevant data for this city 2
PO19 1

Will you be moving into somewhere with a lot of green space if you moved to Chichester?

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 Chichester, this is 19.5. Compare this figure of 6 which is recommended to have and the data for Chichester to tell how much green space is around.

What are the number of HMOs on Rightmove that are licenced in the area of Chichester?

The average asking price for a House in Multiple Occupation (HMO) in Chichester 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 Chichester is £621 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.

FAQ

What is the average property price in Chichester on Rightmove?

The average property price for the UK currently stands at £286,000. In the local area of Chichester, the average price of a house for sale in the area is £352,694

Does exploring properties on Rightmove within Chichester come with any fees you may not be aware of?

Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)

Is there a lot of crime in the area of Chichester according to Rightmove?

The ongoing crime rate in Chichester indicates 15000% instances for every 1000 citizens.

How many monthly property sales does Chichester 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 21. To learn more about houses for sale and why this data is important

According to Rightmove, what’s the mean price of a three-bedroom property in Chichester?

The average cost to rent a property with three bedrooms is £1,224. This can be weighed against the average property price trends.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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