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 Crabtree 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 26 number of properties that are sold.
How much outdoor space is there in Crabtree?
Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Crabtree, the current data indicates that there are 17.1 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.
How many HMOs are licenced in the city of Crabtree on Rightmove?
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 Crabtree.
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 Crabtree, 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 £500.
On Rightmove, how are properties listed for sale?
On average and according to Rightmove data, what do properties sell for?
The average sold price of properties in Crabtree, UK, available on Rightmove is £216,098. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
|Category of property||Average price|
Investment analysis of Rightmove property in Crabtree
In the area of Crabtree, Rightmove records consistent sales of 26 properties each month, generating an average yearly turnover of nan. This turnover is just from property sales relative to the properties that there already are and 3% 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 West by looking at further houses for sale here.
Linking rental yields with Rightmove property listings in Crabtree
Crabtree 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 Crabtree, is worked out by dividing the net rental income of a property by the purchase price.
The greater the number of sales per month in the area of Crabtree, 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.
From Crabtree’s Rightmove data, what are the number of planning permission applications?
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 Crabtree, this number is 9 every month and the success rate for planning permission is 40%.
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 Crabtree, you may be able to do the same and make some money.
How Rightmove listings in Crabtree help you make an investment
Based on Rightmove, there is a lot of data you can gather about Crabtree 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 £841. 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 PL3, 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.
Properties to Rent in Crabtree on Rightmove
In Crabtree, here’s what Rightmove data says about social rent and affordable housing
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: 16%. Also, in Crabtree, the average amount that people earn per household is £39,730.00. 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.
Looking to rent? Find the most valuable data points for the process of renting below. See our full list of areas in the UK with data from Rightmove if you want to compare these rents to other areas in the UK.
How to examine income data from Rightmove for Crabtree
In the city of Crabtree, the population is 30861. 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 £39,730.00. 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.
What are some frequently asked questions?
What is the average property price in Crabtree on Rightmove?
At present, within the confines of Crabtree, the mean price for houses listed for sale is £216,098.
Does exploring properties on Rightmove within Crabtree come with any fees you may not be aware of?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
Is there substantial criminal activity in the area around Crabtree as indicated by Rightmove?
The current crime rate in Crabtree is such that 6500% incidents are recorded for every 1000 residents.
According to online listings, what’s the count of property transactions per month in Crabtree?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 26 as of recent data.
On Rightmove, what is the average price of a three-bed property in Crabtree?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.