23 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Farnham Common contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.
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In Farnham Common, what does the property sales data look like based on Rightmove?
From Farnham Common’s Rightmove data, what are the number of planning permission applications?
The city of Farnham Common, according to Rightmove listings, has a commendable planning success rate of nan and there are around 31 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Farnham Common.
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 Farnham Common to other regions.
How to invest in property in Farnham Common using Rightmove data
In the area, average asking rents are around £1,403. This tends to differ depending on the size of the property you are buying and the number of rooms they have. You can read more about these metrics below. For reference, the yields in the area are £0.
Combining the data of yield with the price of rent can give you a good idea about the types of investments in the area. For instance, if a property has a low yield and also low rents, it is likely a lower return, single family buy to let in a less in demand area of Farnham Common.
| Average asking rent | Number of bedrooms in house |
|---|---|
| no relevant data for this city | 5 |
| no relevant data for this city | 4 |
| £1,506 | 3 |
| £1,174 | 2 |
| SL2 | 1 |
A quick insight into Rightmove property Farnham Common
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 South East. However, you can find data for the wider region here.
| Data for Farnham Common | Average for the UK | |
|---|---|---|
| Turnover | 0.62 | 19% |
| Property sales per month | 23 | 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 South East.
Average sold prices of properties on Rightmove
Using Rightmove, there is an average sold price of property that is £384,192 in Farnham Common. 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 |
|---|---|
| Flat | £248,968 |
| Terraced house | £342,378 |
| Semi-detached house | £433,194 |
| detached house | £898,571 |
Is it important to look at yield in Farnham Common in further detail?
A serious investor will know what yield is and how to work it out. The formula is true for Farnham Common and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Farnham Common the figure is £0.
This £0 as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.
According to Rightmove data from Farnham Common, what properties are renting?
What is the level of Rightmove affordable housing and social rent in Farnham Common?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 11% of individuals in Farnham Common 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 £54,564.44. Most people in the Uk earn around £34,000 which is convenient for comparison.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
Understanding education levels in the area of Farnham Common
In the city of Farnham Common, the population stands at 53085 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 25% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £54,564.44. 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.
On Rightmove and in Farnham Common, how many HMOs are licenced?
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 Farnham Common.
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 Farnham Common, there are nan 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 £619.
Will you be moving into somewhere with a lot of green space if you moved to Farnham Common?
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 Farnham Common, this is 24.2. Compare this figure of 6 which is recommended to have and the data for Farnham Common to tell how much green space is around.
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