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 College Town 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 11 number of properties that are sold.
Properties for sale in College Town on Rightmove
What is a commons purchase price for property on Rightmove?
Using Rightmove, there is an average sold price of property that is £386,164 in College Town. 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|
Property investment opportunities presented on Rightmove in the city of College Town
In the area, average asking rents are around £1,479. This tends to differ depending on the size of the property you are buying and the number of rooms they have. You can read more about these metrics below. For reference, the yields in the area are £0.
Combining the data of yield with the price of rent can give you a good idea about the types of investments in the area. For instance, if a property has a low yield and also low rents, it is likely a lower return, single family buy to let in a less in demand area of College Town.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||5|
|no relevant data for this city||4|
|no relevant data for this city||3|
|no relevant data for this city||2|
The greater the number of sales per month in the area of College Town, 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.
Exploring College Town’s real estate investment potential on Rightmove
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 South East. However, you can find data for the wider region here.
|Data for College Town||Average for the UK|
|Property sales per month||11||576,000|
|Population growth over 10 years||10%||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 South East.
In College Town, analysing Rightmove, what are the number of planning permission applications?
The city of College Town, according to Rightmove listings, has a commendable planning success rate of nan and there are around 6 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in College Town.
Is it important to look at yield in College Town in further detail?
Rental yield in College Town is £0 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 College Town’s yield of £0 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 much green space do properties have in College Town according to Rightmove?
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 College Town, this is 23.1. Compare this figure of 6 which is recommended to have and the data for College Town to tell how much green space is around.
On Rightmove and in College Town, how many HMOs are licenced?
In College Town, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in College Town is currently no relevant data for this city, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
In College Town, what property are people trying to rent on Rightmove?
How to examine income data from Rightmove for College Town
In the city of College Town, the population is 18860. Out of all of these people, it is worth noting the education level. 29% 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.
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.
In College Town, here’s what Rightmove data says about social rent and affordable housing
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 7% of individuals in College Town 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 £58,393.33. Most people in the Uk earn around £34,000 which is convenient for comparison.
Frequently Asked Questions by Rightmove users
Uncover the typical property asking price in College Town through Rightmove data.
In College Town, the mean price for residential properties up for sale is £386,164. The mean price for the average property valuation across the UK is £286,000.
Does exploring properties on Rightmove within College Town 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 substantial criminal activity in the area around College Town as indicated by Rightmove?
The city of College Town currently has a crime rate where for every 1000 people who live there 5600% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What’s the frequency of property sales per month in College Town as reported by listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is 11. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
According to Rightmove, what’s the mean price of a three-bedroom property in College Town?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.