Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Cippenham and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 35 number of properties that are sold.
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What are the number of HMOs on Rightmove that are licenced in the area of Cippenham?
When it comes to renting in Cippenham, 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 £643 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 Cippenham, giving you an idea of the variety and options available in the market.
Will you be moving into somewhere with a lot of green space if you moved to Cippenham?
In Cippenham, the available data reveals that there are 23.1 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.
In Cippenham, what does the property sales data look like based on Rightmove?
In the area, using Rightmove data, what are most people selling their property for?
Using Rightmove, there is an average sold price of property that is £330,368 in Cippenham. 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 | £233,490 |
| Terraced house | £338,140 |
| Semi-detached house | £391,087 |
| detached house | £584,549 |
On Rightmove, how many planning permission applications are there based in Cippenham?
On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Cippenham, this number is 36 every month and the success rate for planning permission is nan.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Cippenham, you may be able to do the same and make some money.
The greater the number of sales per month in the area of Cippenham, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.
Property investment opportunities presented on Rightmove in Cippenham
Based on Rightmove, there is a lot of data you can gather about Cippenham and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £1,226. 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 SL1, for a two bed is, £1,112, a three bed is £1,484. 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.
Cippenham’s rental yield on Rightmove explained
Cippenham averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Cippenham, is worked out by dividing the net rental income of a property by the purchase price.
An overview of Cippenham property in Rightmove from an investment perspective
In the area of Cippenham, Rightmove records consistent sales of 35 properties each month, generating an average yearly turnover of 0.98. This turnover is just from property sales relative to the properties that there already are and 9% 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.
Properties to Rent in Cippenham on Rightmove
In Cippenham, 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, 11% of individuals in Cippenham rely on government rent and the average household income in the district is £58,393.33.
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.
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 Cippenham
In the city of Cippenham, the population is 70098. Out of all of these people, it is worth noting the education level. 26% have a degree (a higher level educational degree). Also, the average household income of the area is £58,393.33. 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.
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