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 Eastwick 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 12 number of properties that are sold.
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On Rightmove, how are properties listed for sale?
A quick insight into Rightmove property Eastwick
In the area of Eastwick, Rightmove records consistent sales of 12 properties each month, generating an average yearly turnover of 1.22. 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 East of England by looking at further houses for sale here.
How to invest in property in Eastwick using Rightmove data
In Eastwick, the average asking rent in the area is £1,108 and there is a table below that goes over the asking rent for every type of property there is. Also, in Eastwick, 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 | £1,433 |
| 2 | £1,107 |
| 1 | CM20 |
Linking rental yields with Rightmove property listings in Eastwick
Eastwick 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 Eastwick, is worked out by dividing the net rental income of a property by the purchase price.
What is a commons purchase price for property on Rightmove?
In the area of Eastwick in the UK, the average sold price of a property is around £283,110. 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 |
|---|---|
| detached house | £552,293 |
| Semi detached house | £369,897 |
| Terraced house | £281,747 |
| Flat | £199,347 |
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 Eastwick to other regions.
In terms of the number of planning permission applications on Rightmove, what should there be in Eastwick?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Eastwick, the people who own homes in this area have a rate of planning success of 50%. 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 Eastwick. 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 6 that take place each month, this is likely the case a lot of the time.
On Rightmove in Eastwick, what properties are available to rent?
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Understanding education levels in the area of Eastwick
In the city of Eastwick, the population stands at 21144 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 18% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £45,160.56. 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.
What is the level of Rightmove affordable housing and social rent in Eastwick?
Through some digging, we found the level of social rent in the area. Currently, this figure is 19% as the percentage of people who are leasing directly from the government. In the area of Eastwick, the average household income is £45,160.56 too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.
From Rightmove listings, what is the availability of green space in Eastwick
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 Eastwick, this is 27.0. Compare this figure of 6 which is recommended to have and the data for Eastwick to tell how much green space is around.
What are the number of HMOs on Rightmove that are licenced in the area of Eastwick?
Currently, the number of licensed HMOs stands at 155 that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is £640.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Eastwick. Understanding where is best to rent in Eastwick involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
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