In this overview, we’ll delve into the Rightmove data for Halifax, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 14 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
How much outdoor space is there in Halifax?
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 Halifax, the available data reveals that there are 14.6 acres of green space per thousand residents. For health reasons, there should be 6 acres.
What are the number of HMOs on Rightmove that are licenced in the area of Halifax?
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 no relevant data for this city.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Halifax. Understanding where is best to rent in Halifax involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
A list of properties for Sale in Halifax on Rightmove
An overview of Halifax property in Rightmove from an investment perspective
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 North West. However, you can find data for the wider region here.
|Data for Halifax||Average for the UK|
|Property sales per month||14||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 North West.
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 Halifax is talked about below and in the following headings.
How to invest in property in Halifax using Rightmove data
In the area, average asking rents are around £625. 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 Halifax.
|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|
In terms of the number of planning permission applications on Rightmove, what should there be in Halifax?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Halifax, 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 Halifax. 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 7 that take place each month, this is likely the case a lot of the time.
Average sold prices of properties on Rightmove
Using Rightmove, there is an average sold price of property that is £149,617 in Halifax. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
Is it important to look at yield in Halifax in further detail?
Rental yield in Halifax is £0 as of 2023. However, this is not to say that there are not higher yields out there. When the economy was favourable for property in 2018. Yields were as high as 11% in places like Sheffield in some cases. However, an average, yet respectable figure you can expect from a property in the UK is around 4.4% so you can compare Halifax’s yield of £0 to see if you are above or below.
It is useful to note that even though a property may have a below average rental yield, it can still benefit from capital appreciation over time and this profit can be taken when the property is sold.
Properties to Rent in Halifax on Rightmove
What is the Rightmove data regarding social rent and affordable housing in Halifax?
Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 16% of individuals in Halifax rely on government rent and the average household income in the district is £38,322.37.
Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.
If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.
Analysing the rate of education in Halifax from Rightmove
In the city of Halifax, the population is 91868. Out of all of these people, it is worth noting the education level. 22% have a degree (a higher level educational degree). Also, the average household income of the area is £38,322.37. 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
What are some frequently asked questions?
In the city of Halifax, what is the median property price?
In Halifax, the mean price for residential properties up for sale is £149,617. The mean price for the average property valuation across the UK is £286,000.
Are there any undisclosed expenses associated with property searches on Rightmove within Halifax?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
According to Rightmove data, how prevalent is crime in Halifax’s vicinity?
The ongoing crime rate in Halifax indicates 14750% instances for every 1000 citizens.
What’s the frequency of property sales per month in Halifax as reported by listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 14 properties are being sold every month.
On Rightmove, how much does a three-bed property typically cost in Halifax?
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.