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 Easthorpe, aiming to guide your investment decisions.
It’s worth noting that currently, 5 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.
Properties for sale in Easthorpe on Rightmove
Property investment opportunities presented on Rightmove in the city of Easthorpe
There is a fair amount of insight that you can gather from the city of Easthorpe by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, no relevant data for this city is the average rental yield and the average asking rent is no relevant data for this city.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
|Number of bedrooms||Average asking rent|
|2||no relevant data for this city|
|3||no relevant data for this city|
|4||no relevant data for this city|
|5||no relevant data for this city|
Average sold prices of properties on Rightmove
Using Rightmove, there is an average sold price of property that is £349,066 in Easthorpe. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
Exploring Easthorpe’s real estate investment potential on Rightmove
When considering buying a house for an investment in the area of East Midlands, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is 5. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Easthorpe it is nan. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 7%. So, you can make of that as you will.
A city such as Easthorpe 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.
Is it important to look at yield in Easthorpe in further detail?
Easthorpe averages at no relevant data for this city 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 no relevant data for this city in Easthorpe, is worked out by dividing the net rental income of a property by the purchase price.
On Rightmove, how many planning permission applications are there based in Easthorpe?
In the UK, planning applications result in a success rate of 82% most of the time. In Easthorpe, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.
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 9 monthly planning applications in Easthorpe, 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.
What are the number of HMOs on Rightmove that are licenced in the area of Easthorpe?
In Easthorpe, 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 Easthorpe 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 Easthorpe?
Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Easthorpe, the current data indicates that there are 22.6 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.
According to Rightmove data from Easthorpe, 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 outlook for social rent and affordable housing according to Rightmove in Easthorpe?
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: 4%. Also, in Easthorpe, the average amount that people earn per household is £40,508.70. 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 Easthorpe
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 £40,508.70 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.
Easthorpe’s demographics also reveal a population of 8992 individuals and a percentage of people with degrees falling at 41%. 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.
What are some frequently asked questions?
Uncover the typical property asking price in Easthorpe through Rightmove data.
The average property price for the UK currently stands at £286,000. In the local area of Easthorpe, the average price of a house for sale in the area is £349,066
When utilising Rightmove for finding property in Easthorpe, are there any charges to consider?
It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Easthorpe?
The current crime rate in Easthorpe is such that 4400% incidents are recorded for every 1000 residents.
In Easthorpe, how many sales per month are there according to listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 5 properties are being sold every month.
On Rightmove, how much does a three-bed property typically cost in Easthorpe?
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.