In the UK, there is a lot that goes into deciding on the right place to buy. The decision gets even more complex if you are buying for an investment as you will have to think a bit more logically rather than thinking emotionally when buying a property. In this article, we go over what the Rightmove data looks like for the city of Gaywood so you can make the best decisions and make money on your property purchases. Getting involved in one of the 28 property deals that come off the market each month.
Properties to Rent in Gaywood on Rightmove
Understanding education levels in the area of Gaywood
If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £40,438.30 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Gaywood’s demographics also reveal a population of 43995 individuals and a percentage of people with degrees falling at 17%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.
What is the outlook for social rent and affordable housing according to Rightmove in Gaywood?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 21% of individuals in Gaywood 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 £40,438.30. Most people in the Uk earn around £34,000 which is convenient for comparison.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
On Rightmove, how are properties listed for sale?
From Gaywood’s Rightmove data, what are the number of planning permission applications?
Applying for planning permission in Gaywood is something landlords tend to do if they want to add some value to their home. As of this month, there were 15 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 Gaywood too, there is a decent amount of opportunity to buy, renovate and make a profit.
A deep dive into rental yield and how this impacts Gaywood
Gaywood 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 Gaywood, is worked out by dividing the net rental income of a property by the purchase price.
In the area, using Rightmove data, what are most people selling their property for?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Gaywood. With an overall sold price of approximately £189,674, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.
|Class of property||Average sale|
How can property investments be made using Rightmove data?
Based on Rightmove, there is a lot of data you can gather about Gaywood 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 £762. 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 PE30, for a two bed is, £649, a three bed is £792. Finally, a four bed average asking price is no relevant data for this city, 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.
A quick insight into Rightmove property Gaywood
In the area of Gaywood, Rightmove records consistent sales of 28 properties each month, generating an average yearly turnover of 1.22. This turnover is just from property sales relative to the properties that there already are and 3% 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 East of England by looking at further houses for sale here.
A city such as Gaywood has a fair amount of houses for sale on Rightmove. In the following headings, we go over all the relevant data related to Rightmove so you can begin the process of buying a house. Figuring out the best type of property to buy is a difficult process so it is useful to see all the relevant information condensed in one place.
By analysing Rightmove in Gaywood, is there a lot of green, outdoor space?
In Gaywood, the available data reveals that there are 19.4 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.
What are the number of HMOs on Rightmove that are licenced in the area of Gaywood?
In Gaywood, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Gaywood is currently £518, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
In the city of Gaywood, what is the median property price?
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Gaywood, the average cost of a home available for purchase is £189,674. You can compare these figures to see how far away this city is from the average.
Does exploring properties on Rightmove within Gaywood come with any fees you may not be aware of?
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 Gaywood?
The current crime rate in Gaywood is such that 13300% incidents are recorded for every 1000 residents.
In Gaywood, how many sales per month are there according to listing portals?
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 28. 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.
According to Rightmove, what’s the mean price of a three-bedroom property in Gaywood?
Properties with three bedrooms command an average asking price of £792. 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.