Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for East Ayton, aiming to guide your investment decisions.
It’s worth noting that currently, 37 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
In East Ayton, what does the property sales data look like based on Rightmove?
In terms of the number of planning permission applications on Rightmove, what should there be in East Ayton?
The city of East Ayton, according to Rightmove listings, has a commendable planning success rate of 72% and there are around 6 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in East Ayton.
A look into Rightmove’s East Ayton property as an Investment
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 North East. However, you can find data for the wider region here.
|Data for East Ayton||Average for the UK|
|Property sales per month||37||576,000|
|Population growth over 10 years||0%||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 North East.
Every month, properties are sold on the platform of Rightmove in East Ayton and you can explore the topics below related to sales that give you an overview of the market.
How can property investments be made using Rightmove data?
Based on Rightmove, there is a lot of data you can gather about East Ayton 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 £607. 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 YO12, 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.
In the area, using Rightmove data, what are most people selling their property for?
In the area of East Ayton in the UK, the average sold price of a property is around £156,709. This is based on the average of all of the types of property listed on Rightmove and other listing platforms. Take a look below to see how this average is made up:
|Type of property||Average sold price|
|Semi detached house||£170,202|
Linking rental yields with Rightmove property listings in East Ayton
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 East Ayton, there is an average of £0 for rental yield.
East Ayton 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 £0 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.
By analysing Rightmove in East Ayton, is there a lot of green, outdoor space?
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 East Ayton, this is 19.8. Compare this figure of 6 which is recommended to have and the data for East Ayton to tell how much green space is around.
On Rightmove and in East Ayton, how many HMOs are licenced?
The average asking price for a House in Multiple Occupation (HMO) in East Ayton 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 East Ayton is no relevant data for this city and there are also 97 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.
Properties to Rent in East Ayton on Rightmove
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.
Concerning Rightmove, what is the education level like in East Ayton?
In the city of East Ayton, the population is 40744. Out of all of these people, it is worth noting the education level. 23% have a degree (a higher level educational degree). Also, the average household income of the area is £41,107.55. 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 is the Rightmove data regarding social rent and affordable housing in East Ayton?
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 East Ayton, the average amount that people earn per household is £41,107.55. 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.
Frequently asked Questions
Discover the mean property value in East Ayton as reported on Rightmove.
In East Ayton, the mean price for residential properties up for sale is £156,709. The mean price for the average property valuation across the UK is £286,000.
Does exploring properties on Rightmove within East Ayton come with any fees you may not be aware of?
Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)
Is there substantial criminal activity in the area around East Ayton as indicated by Rightmove?
The city of East Ayton currently has a crime rate where for every 1000 people who live there 12500% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
According to online listings, what’s the count of property transactions per month in East Ayton?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 37. 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 East Ayton?
The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices