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A guide on Rightmove property in Croydon

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ A guide on Rightmove property in Croydon

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 Croydon so you can make the best decisions and make money on your property purchases. Getting involved in one of the 18 property deals that come off the market each month.

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In Croydon, what does the property sales data look like based on Rightmove?

What are properties sold for on average on Rightmove?

When exploring the property market in Croydon, 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 £433,022, 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 £708,886
Semi-detached house £557,690
Terraced house £462,876
Flat £311,030

The greater the number of sales per month in the area of Croydon, 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.

Linking rental yields with Rightmove property listings in Croydon

Croydon 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 Croydon, is worked out by dividing the net rental income of a property by the purchase price.

In Croydon, what are the number of planning permission applications on Rightmove?

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 Croydon, this number is 25 every month and the success rate for planning permission is 67%.
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 Croydon, you may be able to do the same and make some money.

An overview of Croydon property in Rightmove from an investment perspective

As you delve into the property landscape of Croydon in the region of Greater London, 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 18. 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 0.85. Every decade population change should also be considered. This figure stands at 9% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like Greater London.

Property investment opportunities presented on Rightmove in the city of Croydon

In Croydon, the average asking rent in the area is £1,489 and there is a table below that goes over the asking rent for every type of property there is. Also, in Croydon, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.

Number of bedrooms Average asking rent
5 no relevant data for this city
4 no relevant data for this city
3 £1,658
2 no relevant data for this city
1 CR8

On Rightmove in Croydon, what properties are available to rent?

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.

Croydon’s demographics and income insights based on Rightmove data

If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £54,216.99 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Croydon’s demographics also reveal a population of 94452 individuals and a percentage of people with degrees falling at 37%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.

What is the outlook for social rent and affordable housing according to Rightmove in Croydon?

Through some digging, we found the level of social rent in the area. Currently, this figure is 7% as the percentage of people who are leasing directly from the government. In the area of Croydon, the average household income is £54,216.99 too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.

By analysing Rightmove in Croydon, is there a lot of green, outdoor space?

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 Croydon, the current data indicates that there are 13.1 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.

According to Rightmove data in Croydon, is it worth moving into a HMO?

The average asking price for a House in Multiple Occupation (HMO) in Croydon is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Croydon is £730 and there are also 17 in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.

Frequently Asked Questions by Rightmove users

In the city of Croydon, what is the median property price?

The average property price for the UK currently stands at £286,000. In the local area of Croydon, the average price of a house for sale in the area is £433,022

On Rightmove, are there any hidden costs when searching for property in the city of Croydon?

It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.

According to Rightmove data, how prevalent is crime in Croydon’s vicinity?

The Croydon community presently experiences a crime rate where 10233% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.

In Croydon, how many sales per month are there according to listing portals?

To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 18. To learn more about houses for sale and why this data is important

What’s the usual price range for a three-bedroom property on Rightmove in Croydon?

The mean asking price for a property featuring three bedrooms stands at £1,658.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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