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 Costessey 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 25 number of properties that are sold.
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At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Costessey to help you find the perfect agent for you
On Rightmove and in Costessey, how many HMOs are licenced?
In Costessey, 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 Costessey 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.
From Rightmove listings, what is the availability of green space in Costessey
Green space is universally recommended but unfortunately often compromised in various locations. In cities, the amount of green space often falls below the recommended threshold of 6 acres of green space per thousand people.
In Costessey, the current data indicates the presence of 19.4 acres of green space per thousand residents. By comparing this value to the recommended benchmark of 6, we can evaluate the sufficiency of green space in the area.
Properties to Rent in Costessey on Rightmove
What is the outlook for social rent and affordable housing according to Rightmove in Costessey?
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, 8% of individuals in Costessey rely on government rent and the average household income in the district is £40,438.30.
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.
Concerning Rightmove, what is the education level like in Costessey?
In the city of Costessey, the population is 20321. 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 £40,438.30. 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.
Home listings in Costessey on the platform of Rightmove
In Costessey, analysing Rightmove, what are the number of planning permission applications?
The city of Costessey, according to Rightmove listings, has a commendable planning success rate of nan and there are around 7 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Costessey.
The greater the number of sales per month in the area of Costessey, 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.
Costessey’s rental yield on Rightmove explained
Rental yield in Costessey 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 Costessey’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 can property investments be made using Rightmove data?
In the area, average asking rents are around £1,007. 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 Costessey.
| 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 |
| NR8 | 1 |
On average and according to Rightmove data, what do properties sell for?
When exploring the property market in Costessey, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £250,993, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
| Property type | Average selling point |
|---|---|
| detached house | £312,131 |
| Semi-detached house | £222,333 |
| Terraced house | £197,053 |
| Flat | £138,814 |
A look into Rightmove’s Costessey 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 East of England. However, you can find data for the wider region here.
| Data for Costessey | Average for the UK | |
|---|---|---|
| Turnover | nan | 19% |
| Property sales per month | 25 | 576,000 |
| Population growth over 10 years | 9% | 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 East of England.
Frequently Asked Questions by Rightmove users
How much does the average property cost in Costessey according to Rightmove data?
In Costessey, the mean price for residential properties up for sale is £250,993. The mean price for the average property valuation across the UK is £286,000.
Does exploring properties on Rightmove within Costessey come with any fees you may not be aware of?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
Is there a lot of crime in the area of Costessey according to Rightmove?
The current crime rate in Costessey is such that 4500% incidents are recorded for every 1000 residents.
What’s the frequency of property sales per month in Costessey as reported by listing portals?
25 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 Costessey?
Properties with three bedrooms command an average asking price of no relevant data for this city. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.
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