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What is the property market like in Chopwell on Rightmove?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What is the property market like in Chopwell on Rightmove?

Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Chopwell, aiming to guide your investment decisions.
It’s worth noting that currently, 6 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.

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Home listings in Chopwell on the platform of Rightmove

From Chopwell’s Rightmove data, what are the number of planning permission applications?

In the UK, planning applications result in a success rate of 82% most of the time. In Chopwell, people plan to make modifications to their properties and apply for planning permission with a planning success rate of 85%.

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 1 monthly planning applications in Chopwell, 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.

A look into Rightmove’s Chopwell property as an Investment

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 East. However, you can find data for the wider region here.

Data for Chopwell Average for the UK
Turnover nan 19%
Property sales per month 6 576,000
Population growth over 10 years 2% 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 East.

In the area, using Rightmove data, what are most people selling their property for?

In the area of Chopwell in the UK, the average sold price of a property is around £104,269. 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
detached house £219,243
Semi detached house £119,508
Terraced house £68,587
Flat no relevant data for this city

Every month, properties are sold on the platform of Rightmove in Chopwell and you can explore the topics below related to sales that give you an overview of the market.

Is it important to look at yield in Chopwell in further detail?

Rental yield in Chopwell is no relevant data for this city as of 2023. However, this is not to say that there are not higher yields out there. When the economy was favourable for property in 2018. Yields were as high as 11% in places like Sheffield in some cases. However, an average, yet respectable figure you can expect from a property in the UK is around 4.4% so you can compare Chopwell’s yield of no relevant data for this city to see if you are above or below.
It is useful to note that even though a property may have a below average rental yield, it can still benefit from capital appreciation over time and this profit can be taken when the property is sold.

How to invest in property in Chopwell using Rightmove data

Based on Rightmove, there is a lot of data you can gather about Chopwell and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is no relevant data for this city. and the average asking rent based on Rightmove data is no relevant data for this city. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is NE17, for a two bed is, no relevant data for this city, a three bed is no relevant data for this city. Finally, a four bed average asking price is no relevant data for this city, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.

From Rightmove listings, what is the availability of green space in Chopwell

Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Chopwell, the current data indicates that there are 21.2 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.

How many HMOs are licenced in the city of Chopwell on Rightmove?

When it comes to renting in Chopwell, 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 Chopwell, giving you an idea of the variety and options available in the market.

Properties to Rent in Chopwell on Rightmove

In Chopwell, here’s what Rightmove data says about social rent and affordable housing

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, 28% of individuals in Chopwell rely on government rent and the average household income in the district is £35,475.00.



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.

To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.

Analysing the rate of education in Chopwell from Rightmove

In the city of Chopwell, the population stands at 4890 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 £35,475.00. 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.

FAQ

In the city of Chopwell, what is the median property price?

The average property price for the UK currently stands at £286,000. In the local area of Chopwell, the average price of a house for sale in the area is £104,269

On Rightmove, are there any hidden costs when searching for property in the city of Chopwell?

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 Chopwell?

The Chopwell community presently experiences a crime rate where 10000% 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.

How many monthly property sales does Chopwell 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 6. 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 Chopwell?

The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices

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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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