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 Coed-y-paen so you can make the best decisions and make money on your property purchases. Getting involved in one of the 26 property deals that come off the market each month.
In Coed-y-paen, what property are people trying to rent on Rightmove?
What is the Rightmove data regarding social rent and affordable housing in Coed-y-paen?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 12% of individuals in Coed-y-paen rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £38,600.00. Most people in the Uk earn around £34,000 which is convenient for comparison.
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.
Concerning Rightmove, what is the education level like in Coed-y-paen?
In the city of Coed-y-paen, the population stands at 44921 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 £38,600.00. 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.
According to Rightmove data in Coed-y-paen, is it worth moving into a HMO?
Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Coed-y-paen.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Coed-y-paen, there are nan for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at no relevant data for this city.
By analysing Rightmove in Coed-y-paen, is there a lot of green, outdoor space?
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 Coed-y-paen, this is 15.3. Compare this figure of 6 which is recommended to have and the data for Coed-y-paen to tell how much green space is around.
On Rightmove, how are properties listed for sale?
What is a commons purchase price for property on Rightmove?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Coed-y-paen. With an overall sold price of approximately £150,116, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.
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Property investment opportunities presented on Rightmove in the city of Coed-y-paen
Based on Rightmove, there is a lot of data you can gather about Coed-y-paen 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 £785. 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 NP4, 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.
In terms of the number of planning permission applications on Rightmove, what should there be in Coed-y-paen?
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 Coed-y-paen, this number is 12 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 Coed-y-paen, you may be able to do the same and make some money.
Investment analysis of Rightmove property in Coed-y-paen
As you delve into the property landscape of Coed-y-paen in the region of Wales, 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 26. 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 4% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like Wales.
Every month, properties are sold on the platform of Rightmove in Coed-y-paen 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 Coed-y-paen in further detail?
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Coed-y-paen, there is an average of £0 for rental yield.
Coed-y-paen can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
Frequently Asked Questions by Rightmove users
Discover the mean property value in Coed-y-paen as reported on Rightmove.
The average property price for the UK currently stands at £286,000. In the local area of Coed-y-paen, the average price of a house for sale in the area is £150,116
Are there any undisclosed expenses associated with property searches on Rightmove within Coed-y-paen?
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 Coed-y-paen’s vicinity?
The city of Coed-y-paen currently has a crime rate where for every 1000 people who live there 9600% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
How many monthly property sales does Coed-y-paen witness according to listing platforms?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 26 properties are being sold every month.
On Rightmove, how much does a three-bed property typically cost in Coed-y-paen?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.