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 Hackney so you can make the best decisions and make money on your property purchases. Getting involved in one of the 21 property deals that come off the market each month.
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On Rightmove and in Hackney, how many HMOs are licenced?
When it comes to renting in Hackney, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is no relevant data for this city. This data is particularly valuable for individuals seeking affordable rental options or like the idea of renting with housemates. If you are looking for more of an expensive property, there are £819 HMO properties with an ensuite too. Contrary to what you may believe, not all HMOs have to be cramped with a lack of space. A HMO with an ensuite will mean you won’t have to come out of your room to use the bathroom, making things very convenient.
According to the most recent Rightmove data, there are a total of nan licensed HMOs in Hackney, giving you an idea of the variety and options available in the market.
How much outdoor space is there in Hackney?
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 Hackney, the available data reveals that there are 13.1 acres of green space per thousand residents. For health reasons, there should be 6 acres.
Properties to Rent in Hackney on Rightmove
Analysing the rate of education in Hackney from Rightmove
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 £54,216.99 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.
Hackney’s demographics also reveal a population of 130428 individuals and a percentage of people with degrees falling at 41%. 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 Hackney?
Through some digging, we found the level of social rent in the area. Currently, this figure is 32% as the percentage of people who are leasing directly from the government. In the area of Hackney, the average household income is £54,216.99 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
Home listings in Hackney on the platform of Rightmove
What are properties sold for on average on Rightmove?
The average sold price of properties in Hackney, UK, available on Rightmove is £531,062. 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 |
|---|---|
| Flat | £427,326 |
| Terraced house | £819,953 |
| Semi-detached house | £763,253 |
| detached house | no relevant data for this city |
Exploring Hackney’s real estate investment potential on Rightmove
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 Greater London. However, you can find data for the wider region here.
| Data for Hackney | Average for the UK | |
|---|---|---|
| Turnover | 1.01 | 19% |
| Property sales per month | 21 | 576,000 |
| Population growth over 10 years | 13% | 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 Greater London.
The greater the number of sales per month in the area of Hackney, 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.
How can property investments be made using Rightmove data?
Based on Rightmove, there is a lot of data you can gather about Hackney 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 £1,910. 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 E5, for a two bed is, £1,733, a three bed is £2,089. 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.
Linking rental yields with Rightmove property listings in Hackney
Rental yield is simply the annual amount of rent that is made from a property after expenses calculated as a percentage. As of 2023, the yield of Hackney is £0.
It is a wise idea to compare this figure to the rest of the UK. Areas with extremely high yields can get as high as 10% but on the low end where property is very expensive such as in Chelsea, London, yields can be as low as 1%. So use the figure of £0 for comparison.
Usually, when looking to invest in Hackney, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
In terms of the number of planning permission applications on Rightmove, what should there be in Hackney?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Hackney, 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 Hackney. 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 19 that take place each month, this is likely the case a lot of the time.
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