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 Greywell 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 4 number of properties that are sold.
In Greywell, what does the property sales data look like based on Rightmove?
Exploring Greywell’s real estate investment potential on Rightmove
When considering buying a house for an investment in the area of South East, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is 4. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Greywell it is nan. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 7%. So, you can make of that as you will.
How to invest in property in Greywell using Rightmove data
Based on Rightmove, there is a lot of data you can gather about Greywell and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is no relevant data for this city. and the average asking rent based on Rightmove data is no relevant data for this city. 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 RG29, for a two bed is, no relevant data for this city, a three bed is no relevant data for this city. 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.
On Rightmove, how many planning permission applications are there based in Greywell?
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 Greywell, this number is 9 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 Greywell, 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?
When exploring the property market in Greywell, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £509,797, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Property type||Average selling point|
Linking rental yields with Rightmove property listings in Greywell
Greywell averages at no relevant data for this city 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 no relevant data for this city in Greywell, is worked out by dividing the net rental income of a property by the purchase price.
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 Greywell is talked about below and in the following headings.
What are the number of HMOs on Rightmove that are licenced in the area of Greywell?
The average asking price for a House in Multiple Occupation (HMO) in Greywell 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 Greywell is no relevant data for this city 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.
How much green space do properties have in Greywell according to Rightmove?
In Greywell, the available data reveals that there are 30.9 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.
In Greywell, what property are people trying to rent on Rightmove?
Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.
How to examine income data from Rightmove for Greywell
In the city of Greywell, the population is 7197. Out of all of these people, it is worth noting the education level. 41% have a degree (a higher level educational degree). Also, the average household income of the area is £50,882.35. This is important to understand for renters as if the degree level is above the average of 22.6%, your neighbours will likely be higher earners. This is not always the case and there are still other factors that determine the quality of your neighbours but taking a note of the degree is always useful.
What is the Rightmove data regarding social rent and affordable housing in Greywell?
Through some digging, we found the level of social rent in the area. Currently, this figure is 5% as the percentage of people who are leasing directly from the government. In the area of Greywell, the average household income is £50,882.35 too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.
Frequently asked Questions
How much does the average property cost in Greywell according to Rightmove data?
At present, within the confines of Greywell, the mean price for houses listed for sale is £509,797.
On Rightmove, are there any hidden costs when searching for property in the city of Greywell?
Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.
Is there a lot of crime in the area of Greywell according to Rightmove?
The city of Greywell currently has a crime rate where for every 1000 people who live there 4700% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
In Greywell, 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, consider that 4 properties are being sold every month.
On Rightmove, what is the average price of a three-bed property in Greywell?
For properties encompassing three bedrooms, the typical asking price hovers around no relevant data for this city. This can be contrasted with the mean property valuations.