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 Goodrington 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 19 number of properties that are sold.
In Goodrington, what does the property sales data look like based on Rightmove?
How can property investments be made using Rightmove data?
In Goodrington, the average asking rent in the area is £1,021 and there is a table below that goes over the asking rent for every type of property there is. Also, in Goodrington, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
|Number of bedrooms||Average asking rent|
|5||no relevant data for this city|
|4||no relevant data for this city|
|3||no relevant data for this city|
|2||no relevant data for this city|
The greater the number of sales per month in the area of Goodrington, 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.
Linking rental yields with Rightmove property listings in Goodrington
A serious investor will know what yield is and how to work it out. The formula is true for Goodrington 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 Goodrington 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.
In Goodrington, 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 Goodrington, this number is 8 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 Goodrington, you may be able to do the same and make some money.
A quick insight into Rightmove property Goodrington
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 West. However, you can find data for the wider region here.
|Data for Goodrington||Average for the UK|
|Property sales per month||19||576,000|
|Population growth over 10 years||4%||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 West.
Average sold prices of properties on Rightmove
In the area of Goodrington in the UK, the average sold price of a property is around £229,875. 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||£232,757|
According to Rightmove data from Goodrington, what properties are renting?
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.
What is the Rightmove data regarding social rent and affordable housing in Goodrington?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 4% of individuals in Goodrington 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 £39,730.00. Most people in the Uk earn around £34,000 which is convenient for comparison.
Understanding education levels in the area of Goodrington
Within the city of Goodrington, the population amounts to 18507 individuals. Among these residents, it is notable that approximately 18% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £39,730.00. 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.
According to Rightmove data in Goodrington, 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 £513.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Goodrington. Understanding where is best to rent in Goodrington involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
How much outdoor space is there in Goodrington?
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 Goodrington, this is 17.1. Compare this figure of 6 which is recommended to have and the data for Goodrington to tell how much green space is around.