Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Great Preston, aiming to guide your investment decisions.
It’s worth noting that currently, 19 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
A list of properties for Sale in Great Preston on Rightmove
On Rightmove, how many planning permission applications are there based in Great Preston?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Great Preston, the people who own homes in this area have a rate of planning success of nan. Individuals usually seek to modify their properties and apply for planning permission whenever they are trying to increase the value of a home.
This means investors should take note of this data in Great Preston. An above-average success rate indicates that property renovations have been proven to work and are repeatable or it could mean that a lot of the properties in the area are very simple in design. This presents an opportunity for investors to assess successful strategies in the area and adopt similar approaches and of the 14 that take place each month, this is likely the case a lot of the time.
A closer look at rental yield on Rightmove in Great Preston
A serious investor will know what yield is and how to work it out. The formula is true for Great Preston 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 Great Preston 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.
How to invest in property in Great Preston using Rightmove data
There is a fair amount of insight that you can gather from the city of Great Preston by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £828.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
|Number of bedrooms||Average asking rent|
|2||no relevant data for this city|
|3||no relevant data for this city|
|4||no relevant data for this city|
|5||no relevant data for this city|
A city such as Great Preston 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.
A quick insight into Rightmove property Great Preston
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 19 properties are sold each month), you can work out the turnover too, which is nan in Great Preston.
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 7%. 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.
In the area, using Rightmove data, what are most people selling their property for?
The average sold price of properties in Great Preston, UK, available on Rightmove is £208,345. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
|Category of property||Average price|
By analysing Rightmove in Great Preston, is there a lot of green, outdoor space?
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 Great Preston, the available data reveals that there are 14.6 acres of green space per thousand residents. For health reasons, there should be 6 acres.
How many HMOs are licenced in the city of Great Preston on Rightmove?
In Great Preston, 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 Great Preston 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 to Rent in Great Preston on Rightmove
What is the Rightmove data regarding social rent and affordable housing in Great Preston?
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: 8%. Also, in Great Preston, the average amount that people earn per household is £38,322.37. 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.
Understanding education levels in the area of Great Preston
In the city of Great Preston, the population stands at 30301 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 22% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £38,322.37. 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.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.