In this overview, we’ll delve into the Rightmove data for Epsom, 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 21 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.
In Epsom, what does the property sales data look like based on Rightmove?
What are properties sold for on average on Rightmove?
The average sold price of properties in Epsom, UK, available on Rightmove is £512,274. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
|Category of property||Average price|
A look into Rightmove’s Epsom property as an Investment
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 Greater London. However, you can find data for the wider region here.
|Data for Epsom||Average for the UK|
|Property sales per month||21||576,000|
|Population growth over 10 years||9%||6.5%|
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of Greater London.
From Epsom’s Rightmove data, what are the number of planning permission applications?
The city of Epsom, according to Rightmove listings, has a commendable planning success rate of nan and there are around 19 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Epsom.
How Rightmove listings in Epsom help you make an investment
There is a fair amount of insight that you can gather from the city of Epsom 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, £0 is the average rental yield and the average asking rent is £1,719.
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|
|4||no relevant data for this city|
|5||no relevant data for this city|
Is it important to look at yield in Epsom in further detail?
Rental yield in Epsom is £0 as of 2023. However, this is not to say that there are not higher yields out there. When the economy was favourable for property in 2018. Yields were as high as 11% in places like Sheffield in some cases. However, an average, yet respectable figure you can expect from a property in the UK is around 4.4% so you can compare Epsom’s yield of £0 to see if you are above or below.
It is useful to note that even though a property may have a below average rental yield, it can still benefit from capital appreciation over time and this profit can be taken when the property is sold.
The greater the number of sales per month in the area of Epsom, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.
Properties to Rent in Epsom on Rightmove
What is the level of Rightmove affordable housing and social rent in Epsom?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 3% of individuals in Epsom 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 £59,347.27. Most people in the Uk earn around £34,000 which is convenient for comparison.
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.
How to examine income data from Rightmove for Epsom
Within the city of Epsom, the population amounts to 74826 individuals. Among these residents, it is notable that approximately 36% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £59,347.27. 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.
By analysing Rightmove in Epsom, is there a lot of green, outdoor space?
Green space is universally recommended but unfortunately often compromised in various locations. In cities, the amount of green space often falls below the recommended threshold of 6 acres of green space per thousand people.
In Epsom, the current data indicates the presence of 43.0 acres of green space per thousand residents. By comparing this value to the recommended benchmark of 6, we can evaluate the sufficiency of green space in the area.
According to Rightmove data in Epsom, is it worth moving into a HMO?
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 £718.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Epsom. Understanding where is best to rent in Epsom involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
Frequently asked Questions
Uncover the typical property asking price in Epsom through Rightmove data.
The average property price for the UK currently stands at £286,000. In the local area of Epsom, the average price of a house for sale in the area is £512,274
In the process of property hunting on Rightmove in Epsom, do hidden costs come into play?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Epsom?
The Epsom community presently experiences a crime rate where 8200% 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 Epsom?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 21. To learn more about houses for sale and why this data is important
According to Rightmove, what’s the mean price of a three-bedroom property in Epsom?
The average cost to rent a property with three bedrooms is £1,604. This can be weighed against the average property price trends.