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What is the property market like in Hemel Hempstead on Rightmove?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What is the property market like in Hemel Hempstead on Rightmove?

20 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Hemel Hempstead contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.

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Home listings in Hemel Hempstead on the platform of Rightmove

In Hemel Hempstead, analysing Rightmove, what are the number of planning permission applications?

In the UK, planning applications result in a success rate of 82% most of the time. In Hemel Hempstead, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.

This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 9 monthly planning applications in Hemel Hempstead, property here is more difficult to conduct improvements on.

If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.

If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.

A quick insight into Rightmove property Hemel Hempstead

As you delve into the property landscape of Hemel Hempstead in the region of East of England, Rightmove becomes an invaluable resource that provides data that can be looked at every month.



Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 20. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.



So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is 1.6. Every decade population change should also be considered. This figure stands at 9% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like East of England.

A deep dive into rental yield and how this impacts Hemel Hempstead

Rental yield in Hemel Hempstead 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 Hemel Hempstead’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.

What is a commons purchase price for property on Rightmove?

When exploring the property market in Hemel Hempstead, 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 £267,164, 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
detached house £381,839
Semi-detached house £289,968
Terraced house £264,297
Flat £186,788

How to invest in property in Hemel Hempstead using Rightmove data

In Hemel Hempstead, the average asking rent in the area is £1,090 and there is a table below that goes over the asking rent for every type of property there is. Also, in Hemel Hempstead, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.

Number of bedrooms Average asking rent
5 no relevant data for this city
4 no relevant data for this city
3 £1,184
2 no relevant data for this city
1 HP19

A city such as Hemel Hempstead 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.

From Rightmove listings, what is the availability of green space in Hemel Hempstead

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 Hemel Hempstead, the available data reveals that there are 24.2 acres of green space per thousand residents. For health reasons, there should be 6 acres.

According to Rightmove data in Hemel Hempstead, is it worth moving into a HMO?

When it comes to renting in Hemel Hempstead, 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 £612 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 Hemel Hempstead, giving you an idea of the variety and options available in the market.

Properties to Rent in Hemel Hempstead 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.

Hemel Hempstead’s demographics and income insights based on Rightmove data

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 £54,564.44 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.
Hemel Hempstead’s demographics also reveal a population of 23639 individuals and a percentage of people with degrees falling at 25%. 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 Rightmove data regarding social rent and affordable housing in Hemel Hempstead?

If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 19% of individuals in Hemel Hempstead rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £54,564.44. Most people in the Uk earn around £34,000 which is convenient for comparison.

What questions are asked most frequently?

Uncover the typical property asking price in Hemel Hempstead through Rightmove data.

The average property price for the UK currently stands at £286,000. In the local area of Hemel Hempstead, the average price of a house for sale in the area is £267,164

When utilising Rightmove for finding property in Hemel Hempstead, are there any charges to consider?

It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.

According to Rightmove data, how prevalent is crime in Hemel Hempstead’s vicinity?

In Hemel Hempstead, the prevailing crime rate results in 99 occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.

What’s the frequency of property sales per month in Hemel Hempstead as reported by listing portals?

To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 20. To learn more about houses for sale and why this data is important

What’s the average cost of a three-bedroom property in Hemel Hempstead as per Rightmove data?

The average cost to rent a property with three bedrooms is £1,184. This can be weighed against the average property price trends.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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