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 Gidea Park 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 11 number of properties that are sold.
Properties to Rent in Gidea Park on Rightmove
Looking to rent? Find the most valuable data points for the process of renting below. See our full list of areas in the UK with data from Rightmove if you want to compare these rents to other areas in the UK.
What is the Rightmove data regarding social rent and affordable housing in Gidea Park?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 11% of individuals in Gidea Park 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 £54,216.99. Most people in the Uk earn around £34,000 which is convenient for comparison.
How to examine income data from Rightmove for Gidea Park
When considering Gidea Park, its population reaches 13240 individuals. It is useful to note that around 27% of the residents have attained a higher level of education and the average household income in the area is £54,216.99. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.
Will you be moving into somewhere with a lot of green space if you moved to Gidea Park?
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 Gidea Park, the available data reveals that there are 13.1 acres of green space per thousand residents. For health reasons, there should be 6 acres.
According to Rightmove data in Gidea Park, is it worth moving into a HMO?
In Gidea Park, 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 Gidea Park is currently no relevant data for this city, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
Properties for sale in Gidea Park on Rightmove
In Gidea Park, analysing Rightmove, what are the number of planning permission applications?
The city of Gidea Park, according to Rightmove listings, has a commendable planning success rate of nan and there are around 12 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Gidea Park.
Average sold prices of properties on Rightmove
In the area of Gidea Park in the UK, the average sold price of a property is around £470,758. 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||£532,803|
How can property investments be made using Rightmove data?
In the area, average asking rents are around £1,503. 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 Gidea Park.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||5|
|no relevant data for this city||4|
|no relevant data for this city||3|
|no relevant data for this city||2|
A closer look at rental yield on Rightmove in Gidea Park
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 Gidea Park, there is an average of £0 for rental yield.
Gidea Park 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.
The greater the number of sales per month in the area of Gidea Park, 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.
An overview of Gidea Park property in Rightmove from an investment perspective
In the area of Gidea Park, Rightmove records consistent sales of 11 properties each month, generating an average yearly turnover of nan. This turnover is just from property sales relative to the properties that there already are and 10% 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 Greater London by looking at further houses for sale here.
Frequently Asked Questions by Rightmove users
In the city of Gidea Park, what is the median property price?
At present, within the confines of Gidea Park, the mean price for houses listed for sale is £470,758.
In the process of property hunting on Rightmove in Gidea Park, 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.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Gidea Park?
The ongoing crime rate in Gidea Park indicates 7900% instances for every 1000 citizens.
What are the house sales per month in Gidea Park?
11 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
What’s the average cost of a three-bedroom property in Gidea Park as per Rightmove data?
The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.