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 Chorlton-cum-Hardy, aiming to guide your investment decisions.
It’s worth noting that currently, 17 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.
How much outdoor space is there in Chorlton-cum-Hardy?
In Chorlton-cum-Hardy, the available data reveals that there are 13.9 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.
According to Rightmove data in Chorlton-cum-Hardy, is it worth moving into a HMO?
Currently, the number of licensed HMOs stands at nan that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is £510.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Chorlton-cum-Hardy. Understanding where is best to rent in Chorlton-cum-Hardy involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
Home listings in Chorlton-cum-Hardy on the platform of Rightmove
How to invest in property in Chorlton-cum-Hardy using Rightmove data
In Chorlton-cum-Hardy, the average asking rent in the area is £1,120 and there is a table below that goes over the asking rent for every type of property there is. Also, in Chorlton-cum-Hardy, 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|
What are properties sold for on average on Rightmove?
Using Rightmove, there is an average sold price of property that is £323,316 in Chorlton-cum-Hardy. 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|
From Chorlton-cum-Hardy’s Rightmove data, what are the number of planning permission applications?
Applying for planning permission in Chorlton-cum-Hardy is something landlords tend to do if they want to add some value to their home. As of this month, there were 14 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is nan and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Chorlton-cum-Hardy too, there is a decent amount of opportunity to buy, renovate and make a profit.
Is it important to look at yield in Chorlton-cum-Hardy in further detail?
A serious investor will know what yield is and how to work it out. The formula is true for Chorlton-cum-Hardy 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 Chorlton-cum-Hardy 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.
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 Chorlton-cum-Hardy is talked about below and in the following headings.
Investment analysis of Rightmove property in Chorlton-cum-Hardy
As you delve into the property landscape of Chorlton-cum-Hardy in the region of North West, Rightmove becomes an invaluable resource that provides data that can be looked at every month.
Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 17. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.
So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is nan. Every decade population change should also be considered. This figure stands at 13% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like North West.
According to Rightmove data from Chorlton-cum-Hardy, what properties are renting?
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Understanding education levels in the area of Chorlton-cum-Hardy
In the city of Chorlton-cum-Hardy, the population is 29233. Out of all of these people, it is worth noting the education level. 50% have a degree (a higher level educational degree). Also, the average household income of the area is £37,967.50. 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 Chorlton-cum-Hardy, in terms of affordable housing and social rent, what does Rightmove data show?
It is well researched and understood that humans like to associate themself with similar people and this is why it’s important to find an area where people are earning a similar amount to you. The percentage of people who are renting from the government is 19% in Chorlton-cum-Hardy. And they have an average household income of £37,967.50. If you think these numbers are similar to your financial situation or reflect an area you want to live in, then this is a good sign.
In the city of Chorlton-cum-Hardy, what is the median property price?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Chorlton-cum-Hardy, the mean selling price for houses in the area is £323,316. 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.
On Rightmove, are there any hidden costs when searching for property in the city of Chorlton-cum-Hardy?
Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.
According to Rightmove data, how prevalent is crime in Chorlton-cum-Hardy’s vicinity?
The ongoing crime rate in Chorlton-cum-Hardy indicates no relevant data for this city instances for every 1000 citizens.
What’s the frequency of property sales per month in Chorlton-cum-Hardy as reported by listing portals?
17 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
What’s the usual price range for a three-bedroom property on Rightmove in Chorlton-cum-Hardy?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.