12 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.
Derby 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.
We help you find the right agent
At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Derby to help you find the perfect agent for you
Properties to Rent in Derby on Rightmove
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 outlook for social rent and affordable housing according to Rightmove in Derby?
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: 19%. Also, in Derby, the average amount that people earn per household is £40,546.15. 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.
Understanding education levels in the area of Derby
When considering Derby, its population reaches 145907 individuals. It is useful to note that around 26% of the residents have attained a higher level of education and the average household income in the area is £40,546.15. 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.
What are the number of HMOs on Rightmove that are licenced in the area of Derby?
The average asking price for a House in Multiple Occupation (HMO) in Derby 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 Derby is £490 and there are also 385 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.
How much outdoor space is there in Derby?
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 Derby, this is 21.0. Compare this figure of 6 which is recommended to have and the data for Derby to tell how much green space is around.
A list of properties for Sale in Derby on Rightmove
Looking to buy a house? Rightmove offers a diverse selection of properties for sale. Some of these listings are sold to homeowners and some are sold to investors looking to make a return. Check out more data related to properties for sale in other areas by checking out our list of properties that are for sale throughout the UK if you are interested in comparing Derby to other regions.
In terms of the number of planning permission applications on Rightmove, what should there be in Derby?
The city of Derby, according to Rightmove listings, has a commendable planning success rate of 89% and there are around 8 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Derby.
In the area, using Rightmove data, what are most people selling their property for?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Derby. With an overall sold price of approximately £185,681, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.
| Class of property | Average sale |
|---|---|
| Flat | £104,470 |
| Terraced house | £139,384 |
| Semi-detached house | £175,052 |
| detached house | £284,778 |
How Rightmove listings in Derby help you make an investment
In Derby, the average asking rent in the area is £825 and there is a table below that goes over the asking rent for every type of property there is. Also, in Derby, 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 | £862 |
| 2 | £684 |
| 1 | DE1 |
A closer look at rental yield on Rightmove in Derby
A serious investor will know what yield is and how to work it out. The formula is true for Derby and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Derby the figure is £0.
This £0 as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.
A quick insight into Rightmove property Derby
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 Midlands. However, you can find data for the wider region here.
| Data for Derby | Average for the UK | |
|---|---|---|
| Turnover | 0.4 | 19% |
| Property sales per month | 12 | 576,000 |
| Population growth over 10 years | 5% | 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 Midlands.
What questions are asked most frequently?
What is the average property price in Derby on Rightmove?
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Derby, the average cost of a home available for purchase is £185,681. You can compare these figures to see how far away this city is from the average.
Are there any undisclosed expenses associated with property searches on Rightmove within Derby?
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.
According to Rightmove data, how prevalent is crime in Derby’s vicinity?
The Derby community presently experiences a crime rate where 26600% 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.
What are the house sales per month in Derby?
12 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 Derby?
The average price for a property that has three bedrooms is £862. This can be compared to average property prices
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