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 Eastbourne so you can make the best decisions and make money on your property purchases. Getting involved in one of the 32 property deals that come off the market each month.
Properties to Rent in Eastbourne on Rightmove
In Eastbourne, in terms of affordable housing and social rent, what does Rightmove data show?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 9% of individuals in Eastbourne rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £43,666.67. Most people in the Uk earn around £34,000 which is convenient for comparison.
Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.
Concerning Rightmove, what is the education level like in Eastbourne?
In the city of Eastbourne, the population is 24788. Out of all of these people, it is worth noting the education level. 31% have a degree (a higher level educational degree). Also, the average household income of the area is £43,666.67. 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.
From Rightmove listings, what is the availability of green space in Eastbourne
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 Eastbourne, the available data reveals that there are 26.5 acres of green space per thousand residents. For health reasons, there should be 6 acres.
In the city of Eastbourne, regarding Rightmove, what would it look like living in a HMO?
When it comes to renting in Eastbourne, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is no relevant data for this city. This data is particularly valuable for individuals seeking affordable rental options or like the idea of renting with housemates. If you are looking for more of an expensive property, there are £557 HMO properties with an ensuite too. Contrary to what you may believe, not all HMOs have to be cramped with a lack of space. A HMO with an ensuite will mean you won’t have to come out of your room to use the bathroom, making things very convenient.
According to the most recent Rightmove data, there are a total of 160 licensed HMOs in Eastbourne, giving you an idea of the variety and options available in the market.
On Rightmove, how are properties listed for sale?
A city such as Eastbourne 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.
Average sold prices of properties on Rightmove
In the area of Eastbourne in the UK, the average sold price of a property is around £233,782. 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
A quick insight into Rightmove property Eastbourne
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 South East. However, you can find data for the wider region here.
|Data for Eastbourne
|Average for the UK
|Property sales per month
|Population growth over 10 years
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of South East.
On Rightmove, how many planning permission applications are there based in Eastbourne?
In the UK, planning applications result in a success rate of 82% most of the time. In Eastbourne, people plan to make modifications to their properties and apply for planning permission with a planning success rate of 87%.
This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 8 monthly planning applications in Eastbourne, property here is more difficult to conduct improvements on.
If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.
If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.
A closer look at rental yield on Rightmove in Eastbourne
Rental yield is simply the annual amount of rent that is made from a property after expenses calculated as a percentage. As of 2023, the yield of Eastbourne is £0.
It is a wise idea to compare this figure to the rest of the UK. Areas with extremely high yields can get as high as 10% but on the low end where property is very expensive such as in Chelsea, London, yields can be as low as 1%. So use the figure of £0 for comparison.
Usually, when looking to invest in Eastbourne, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
How can property investments be made using Rightmove data?
In Eastbourne, the average asking rent in the area is £893 and there is a table below that goes over the asking rent for every type of property there is. Also, in Eastbourne, 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
|no relevant data for this city
|no relevant data for this city
What questions are asked most frequently?
How much does the average property cost in Eastbourne according to Rightmove data?
At present, within the confines of Eastbourne, the mean price for houses listed for sale is £233,782.
Are there any undisclosed expenses associated with property searches on Rightmove within Eastbourne?
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.
Is there substantial criminal activity in the area around Eastbourne as indicated by Rightmove?
The Eastbourne community presently experiences a crime rate where 20000% 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 Eastbourne?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 32. To learn more about houses for sale and why this data is important
On Rightmove, how much does a three-bed property typically cost in Eastbourne?
The average cost to rent a property with three bedrooms is £1,174. This can be weighed against the average property price trends.