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 Elsenham, aiming to guide your investment decisions.
It’s worth noting that currently, 10 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.
How much green space do properties have in Elsenham 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 Elsenham, the current data indicates that there are 27.0 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.
What are the number of HMOs on Rightmove that are licenced in the area of Elsenham?
Currently, the number of licensed HMOs stands at nan 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 £648.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Elsenham. Understanding where is best to rent in Elsenham involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
In Elsenham, what property are people trying to rent 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.
Elsenham’s demographics and income insights based on Rightmove data
In the city of Elsenham, the population is 13712. Out of all of these people, it is worth noting the education level. 30% have a degree (a higher level educational degree). Also, the average household income of the area is £45,160.56. 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 level of Rightmove affordable housing and social rent in Elsenham?
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: 6%. Also, in Elsenham, the average amount that people earn per household is £45,160.56. 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.
A list of properties for Sale in Elsenham on Rightmove
Every month, properties are sold on the platform of Rightmove in Elsenham and you can explore the topics below related to sales that give you an overview of the market.
On Rightmove, how many planning permission applications are there based in Elsenham?
Applying for planning permission in Elsenham is something landlords tend to do if they want to add some value to their home. As of this month, there were 21 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 nan 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 Elsenham too, there is a decent amount of opportunity to buy, renovate and make a profit.
What is a commons purchase price for property on Rightmove?
In the area of Elsenham in the UK, the average sold price of a property is around £478,909. 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||£381,296|
How Rightmove listings in Elsenham help you make an investment
In Elsenham, the average asking rent in the area is no relevant data for this city and there is a table below that goes over the asking rent for every type of property there is. Also, in Elsenham, the average yield of properties is no relevant data for this city. 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|
A look into Rightmove’s Elsenham property as an Investment
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 10 properties are sold each month), you can work out the turnover too, which is nan in Elsenham.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 17%. Also comparing this data to an area slightly bigger, such as East of England by visiting our page for this, you can find additional data to help you on your search too.
Linking rental yields with Rightmove property listings in Elsenham
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 Elsenham is no relevant data for this city.
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 no relevant data for this city for comparison.
Usually, when looking to invest in Elsenham, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
What questions are asked most frequently?
What is the average property price in Elsenham on Rightmove?
In Elsenham, the mean price for residential properties up for sale is £478,909. The mean price for the average property valuation across the UK is £286,000.
Are there any undisclosed expenses associated with property searches on Rightmove within Elsenham?
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)
Does Rightmove data indicate a high occurrence of crime in the vicinity of Elsenham?
In Elsenham, the prevailing crime rate results in 86 occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What are the house sales per month in Elsenham?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is 10. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
On Rightmove, what is the average price of a three-bed property in Elsenham?
Properties with three bedrooms command an average asking price of no relevant data for this city. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.