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An outlook on houses for rent and sale on Rightmove in Egremont

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ An outlook on houses for rent and sale on Rightmove in Egremont

In this overview, we’ll delve into the Rightmove data for Egremont, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 4 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.

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What are the number of HMOs on Rightmove that are licenced in the area of Egremont?

Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Egremont.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Egremont, there are 2 for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at no relevant data for this city.

How much green space do properties have in Egremont according to Rightmove?

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 Egremont, the current data indicates that there are 17.7 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.

Home listings in Egremont on the platform of Rightmove

In Egremont, analysing Rightmove, what are the number of planning permission applications?

Applying for planning permission in Egremont is something landlords tend to do if they want to add some value to their home. As of this month, there were 2 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is 100% and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Egremont too, there is a decent amount of opportunity to buy, renovate and make a profit.

In the area, using Rightmove data, what are most people selling their property for?

When exploring the property market in Egremont, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £115,830, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.

Property type Average selling point
detached house £205,650
Semi-detached house £130,524
Terraced house £90,471
Flat £81,142

It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Egremont is talked about below and in the following headings.

How to invest in property in Egremont using Rightmove data

In Egremont, the average asking rent in the area is £627 and there is a table below that goes over the asking rent for every type of property there is. Also, in Egremont, 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 no relevant data for this city
2 no relevant data for this city
1 CA22

A deep dive into rental yield and how this impacts Egremont

Egremont 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 Egremont, is worked out by dividing the net rental income of a property by the purchase price.

A look into Rightmove’s Egremont property as an Investment

In the area of Egremont, Rightmove records consistent sales of 4 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 -1% 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 North West by looking at further houses for sale here.

Properties to Rent in Egremont on Rightmove

What is the level of Rightmove affordable housing and social rent in Egremont?

Through some digging, we found the level of social rent in the area. Currently, this figure is 3% as the percentage of people who are leasing directly from the government. In the area of Egremont, the average household income is £36,521.05 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.

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.

Egremont’s demographics and income insights based on Rightmove data

Within the city of Egremont, the population amounts to 39279 individuals. Among these residents, it is notable that approximately 18% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £36,521.05. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.

FAQ

Discover the mean property value in Egremont as reported on Rightmove.

The average property price for the UK currently stands at £286,000. In the local area of Egremont, the average price of a house for sale in the area is £115,830

Are there any undisclosed expenses associated with property searches on Rightmove within Egremont?

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 Egremont as indicated by Rightmove?

The Egremont community presently experiences a crime rate where 11450% 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’s the frequency of property sales per month in Egremont as reported by listing portals?

To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 4 properties are being sold every month.

On Rightmove, what is the average price of a three-bed property in Egremont?

The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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