37 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Cowley contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.
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On Rightmove in Cowley, what properties are available to rent?
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
What is the Rightmove data regarding social rent and affordable housing in Cowley?
There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 6%. Also, in Cowley, the average amount that people earn per household is £55,083.33. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.
How to examine income data from Rightmove for Cowley
When considering Cowley, its population reaches 117148 individuals. It is useful to note that around 31% of the residents have attained a higher level of education and the average household income in the area is £55,083.33. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.
A list of properties for Sale in Cowley on Rightmove
In terms of the number of planning permission applications on Rightmove, what should there be in Cowley?
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 Cowley, this number is 16 every month and the success rate for planning permission is 82%.
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 Cowley, you may be able to do the same and make some money.
An overview of Cowley property in Rightmove from an investment perspective
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 Cowley | Average for the UK | |
|---|---|---|
| Turnover | 0.36 | 19% |
| Property sales per month | 37 | 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 South East.
A deep dive into rental yield and how this impacts Cowley
Rental yield in Cowley 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 Cowley’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.
What are properties sold for on average on Rightmove?
Using Rightmove, there is an average sold price of property that is £306,678 in Cowley. 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 | £205,591 |
| Terraced house | £300,375 |
| Semi-detached house | £321,090 |
| detached house | £461,589 |
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 Cowley is talked about below and in the following headings.
How can property investments be made using Rightmove data?
In the area, average asking rents are around £1,508. 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 Cowley.
| Average asking rent | Number of bedrooms in house |
|---|---|
| no relevant data for this city | 5 |
| £1,458 | 4 |
| £1,080 | 3 |
| £793 | 2 |
| EX4 | 1 |
How much outdoor space is there in Cowley?
Green space is a vital element that is often compromised in different locations, hindering its availability. For instance, urban areas frequently fall short of the recommended benchmark of 6 acres of green space per thousand people. In Cowley, the available data reveals that there are 21.6 acres of green space per thousand residents. For health reasons, there should be 6 acres.
On Rightmove and in Cowley, how many HMOs are licenced?
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 Cowley.
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 Cowley, there are 1253 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 £566.
What are some frequently asked questions?
What is the average property price in Cowley on Rightmove?
The average property price for the UK currently stands at £286,000. In the local area of Cowley, the average price of a house for sale in the area is £306,678
Are there any undisclosed expenses associated with property searches on Rightmove within Cowley?
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.
According to Rightmove data, how prevalent is crime in Cowley’s vicinity?
In Cowley, the prevailing crime rate results in 12250% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What are the house sales per month in Cowley?
37 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
On Rightmove, what is the average price of a three-bed property in Cowley?
The average price for a property that has three bedrooms is £1,080. This can be compared to average property prices
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