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 Earlswood 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 5 number of properties that are sold.
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According to Rightmove data from Earlswood, what properties are renting?
Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.
What is the level of Rightmove affordable housing and social rent in Earlswood?
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: 5%. Also, in Earlswood, the average amount that people earn per household is £45,186.96. 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 Earlswood
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 £45,186.96 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.
Earlswood’s demographics also reveal a population of 7297 individuals and a percentage of people with degrees falling at 42%. 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.
On Rightmove, how are properties listed for sale?
In Earlswood, what are the number of planning permission applications on Rightmove?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Earlswood, 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 Earlswood. 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 10 that take place each month, this is likely the case a lot of the time.
An overview of Earlswood property in Rightmove from an investment perspective
In the area of Earlswood, Rightmove records consistent sales of 5 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 7% 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 West Midlands by looking at further houses for sale here.
A closer look at rental yield on Rightmove in Earlswood
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Earlswood, there is an average of no relevant data for this city for rental yield.
Earlswood can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of no relevant data for this city is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
How Rightmove listings in Earlswood help you make an investment
In Earlswood, the average asking rent in the area is no relevant data for this city and there is a table below that goes over the asking rent for every type of property there is. Also, in Earlswood, the average yield of properties is no relevant data for this city. 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 |
1 | B94 |
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 Earlswood to other regions.
What are properties sold for on average on Rightmove?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Earlswood. With an overall sold price of approximately £554,534, 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 | £307,790 |
Terraced house | £330,387 |
Semi-detached house | £399,010 |
detached house | £680,446 |
In the city of Earlswood, regarding Rightmove, what would it look like living in a HMO?
In Earlswood, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Earlswood is currently no relevant data for this city, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
How much outdoor space is there in Earlswood?
Green space is universally recommended but unfortunately often compromised in various locations. In cities, the amount of green space often falls below the recommended threshold of 6 acres of green space per thousand people.
In Earlswood, the current data indicates the presence of 26.2 acres of green space per thousand residents. By comparing this value to the recommended benchmark of 6, we can evaluate the sufficiency of green space in the area.
Frequently Asked Questions by Rightmove users
In the city of Earlswood, what is the median property price?
The average property price for the UK currently stands at £286,000. In the local area of Earlswood, the average price of a house for sale in the area is £554,534
Does exploring properties on Rightmove within Earlswood come with any fees you may not be aware of?
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.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Earlswood?
The Earlswood community presently experiences a crime rate where 7100% 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.
According to online listings, what’s the count of property transactions per month in Earlswood?
5 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 Earlswood?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.
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