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 Harrow so you can make the best decisions and make money on your property purchases. Getting involved in one of the 14 property deals that come off the market each month.
In Harrow, what does the property sales data look like based on Rightmove?
A city such as Harrow 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.
Exploring Harrow’s real estate investment potential on Rightmove
When considering buying a house for an investment in the area of Greater London, 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 14. 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 Harrow it is 0.92. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 9%. So, you can make of that as you will.
In terms of the number of planning permission applications on Rightmove, what should there be in Harrow?
Applying for planning permission in Harrow is something landlords tend to do if they want to add some value to their home. As of this month, there were 33 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is nan and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Harrow too, there is a decent amount of opportunity to buy, renovate and make a profit.
Harrow’s rental yield on Rightmove explained
A serious investor will know what yield is and how to work it out. The formula is true for Harrow 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 Harrow 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.
On average and according to Rightmove data, what do properties sell for?
The average sold price of properties in Harrow, UK, available on Rightmove is £519,444. 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|
How can property investments be made using Rightmove data?
Based on Rightmove, there is a lot of data you can gather about Harrow 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 £1,664. 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 HA0, for a two bed is, £1,573, a three bed is £2,124. 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.
Properties to Rent in Harrow on Rightmove
What is the outlook for social rent and affordable housing according to Rightmove in Harrow?
Through some digging, we found the level of social rent in the area. Currently, this figure is 11% as the percentage of people who are leasing directly from the government. In the area of Harrow, 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.
Looking to rent? Find the most valuable data points for the process of renting below. See our full list of areas in the UK with data from Rightmove if you want to compare these rents to other areas in the UK.
How to examine income data from Rightmove for Harrow
In the city of Harrow, the population is 442103. Out of all of these people, it is worth noting the education level. 37% have a degree (a higher level educational degree). Also, the average household income of the area is £54,216.99. 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.
From Rightmove listings, what is the availability of green space in Harrow
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 Harrow, this is 13.1. Compare this figure of 6 which is recommended to have and the data for Harrow to tell how much green space is around.
In the city of Harrow, regarding Rightmove, what would it look like living in a HMO?
Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Harrow.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Harrow, there are nan for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at £780.
How much does the average property cost in Harrow according to Rightmove data?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Harrow, the mean selling price for houses in the area is £519,444. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
In the process of property hunting on Rightmove in Harrow, do hidden costs come into play?
Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)
Is there a lot of crime in the area of Harrow according to Rightmove?
The city of Harrow currently has a crime rate where for every 1000 people who live there 9522% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What are the house sales per month in Harrow?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 14 as of recent data.
On Rightmove, how much does a three-bed property typically cost in Harrow?
The average price for a property that has three bedrooms is £2,124. This can be compared to average property prices