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 Fawdon 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 43 number of properties that are sold.
How much green space do properties have in Fawdon according to Rightmove?
Green space is a vital element that is often compromised in different locations, hindering its availability. For instance, urban areas frequently fall short of the recommended benchmark of 6 acres of green space per thousand people. In Fawdon, the available data reveals that there are 16.8 acres of green space per thousand residents. For health reasons, there should be 6 acres.
In the city of Fawdon, regarding Rightmove, what would it look like living in a HMO?
The average asking price for a House in Multiple Occupation (HMO) in Fawdon is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Fawdon is £519 and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.
According to Rightmove data from Fawdon, what properties are renting?
What is the outlook for social rent and affordable housing according to Rightmove in Fawdon?
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: 11%. Also, in Fawdon, the average amount that people earn per household is £34,802.86. 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
Fawdon’s demographics and income insights based on Rightmove data
Within the city of Fawdon, the population amounts to 53771 individuals. Among these residents, it is notable that approximately 39% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £34,802.86. 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.
On Rightmove, how are properties listed for sale?
A closer look at rental yield on Rightmove in Fawdon
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Fawdon, there is an average of £0 for rental yield.
Fawdon can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
Property investment opportunities presented on Rightmove in the city of Fawdon
Based on Rightmove, there is a lot of data you can gather about Fawdon and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £874. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is NE3, for a two bed is, no relevant data for this city, a three bed is £862. Finally, a four bed average asking price is £997, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.
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 Fawdon is talked about below and in the following headings.
In Fawdon, what are the number of planning permission applications on Rightmove?
On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Fawdon, this number is 15 every month and the success rate for planning permission is nan.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Fawdon, you may be able to do the same and make some money.
In the area, using Rightmove data, what are most people selling their property for?
The average sold price of properties in Fawdon, UK, available on Rightmove is £229,830. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
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An overview of Fawdon property in Rightmove from an investment perspective
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 43 properties are sold each month), you can work out the turnover too, which is 1.13 in Fawdon.
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 11%. Also comparing this data to an area slightly bigger, such as North East by visiting our page for this, you can find additional data to help you on your search too.
What questions are asked most frequently?
Uncover the typical property asking price in Fawdon through Rightmove data.
The average property price for the UK currently stands at £286,000. In the local area of Fawdon, the average price of a house for sale in the area is £229,830
In the process of property hunting on Rightmove in Fawdon, do hidden costs come into play?
It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.
According to Rightmove data, how prevalent is crime in Fawdon’s vicinity?
The city of Fawdon currently has a crime rate where for every 1000 people who live there 9400% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
In Fawdon, how many sales per month are there according to listing portals?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 43 as of recent data.
What’s the average cost of a three-bedroom property in Fawdon as per Rightmove data?
For properties encompassing three bedrooms, the typical asking price hovers around £862. This can be contrasted with the mean property valuations.