In this overview, we’ll delve into the Rightmove data for Droylsden, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 15 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
Properties to Rent in Droylsden on Rightmove
Analysing the rate of education in Droylsden from Rightmove
In the city of Droylsden, the population stands at 23037 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 15% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £37,967.50. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.
In Droylsden, in terms of affordable housing and social rent, what does Rightmove data show?
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, 18% of individuals in Droylsden rely on government rent and the average household income in the district is £37,967.50.
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.
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.
What are the number of HMOs on Rightmove that are licenced in the area of Droylsden?
The average asking price for a House in Multiple Occupation (HMO) in Droylsden 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 Droylsden is no relevant data for this city and there are also nan 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.
By analysing Rightmove in Droylsden, is there a lot of green, outdoor space?
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 Droylsden, the available data reveals that there are 13.9 acres of green space per thousand residents. For health reasons, there should be 6 acres.
In Droylsden, what does the property sales data look like based on Rightmove?
A city such as Droylsden has a fair amount of houses for sale on Rightmove. In the following headings, we go over all the relevant data related to Rightmove so you can begin the process of buying a house. Figuring out the best type of property to buy is a difficult process so it is useful to see all the relevant information condensed in one place.
From Droylsden’s Rightmove data, what are the number of planning permission applications?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Droylsden, the people who own homes in this area have a rate of planning success of nan. Individuals usually seek to modify their properties and apply for planning permission whenever they are trying to increase the value of a home.
This means investors should take note of this data in Droylsden. An above-average success rate indicates that property renovations have been proven to work and are repeatable or it could mean that a lot of the properties in the area are very simple in design. This presents an opportunity for investors to assess successful strategies in the area and adopt similar approaches and of the 4 that take place each month, this is likely the case a lot of the time.
On average and according to Rightmove data, what do properties sell for?
The average sold price of properties in Droylsden, UK, available on Rightmove is £159,955. 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|
A look into Rightmove’s Droylsden property as an Investment
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 15 properties are sold each month), you can work out the turnover too, which is nan in Droylsden.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 4%. Also comparing this data to an area slightly bigger, such as North West by visiting our page for this, you can find additional data to help you on your search too.
A closer look at rental yield on Rightmove in Droylsden
Droylsden 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 Droylsden, is worked out by dividing the net rental income of a property by the purchase price.
How to invest in property in Droylsden using Rightmove data
In Droylsden, the average asking rent in the area is £984 and there is a table below that goes over the asking rent for every type of property there is. Also, in Droylsden, 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||no relevant data for this city|
|2||no relevant data for this city|
In the city of Droylsden, what is the median property price?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Droylsden, the mean selling price for houses in the area is £159,955. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
Are there any undisclosed expenses associated with property searches on Rightmove within Droylsden?
Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.
Is there a lot of crime in the area of Droylsden according to Rightmove?
The city of Droylsden currently has a crime rate where for every 1000 people who live there no relevant data for this city commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What are the house sales per month in Droylsden?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 15. To learn more about houses for sale and why this data is important
On Rightmove, what is the average price of a three-bed property in Droylsden?
The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.