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 High Beach 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 19 number of properties that are sold.
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Properties for sale in High Beach on Rightmove
High Beach’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 High Beach 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 High Beach 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.
Every month, properties are sold on the platform of Rightmove in High Beach and you can explore the topics below related to sales that give you an overview of the market.
In High Beach, analysing Rightmove, what are the number of planning permission applications?
The city of High Beach, according to Rightmove listings, has a commendable planning success rate of nan and there are around 31 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in High Beach.
What are properties sold for on average on Rightmove?
In the area of High Beach in the UK, the average sold price of a property is around £486,605. This is based on the average of all of the types of property listed on Rightmove and other listing platforms. Take a look below to see how this average is made up:
Type of property | Average sold price |
---|---|
detached house | £971,292 |
Semi detached house | £539,608 |
Terraced house | £441,404 |
Flat | £324,684 |
How to invest in property in High Beach using Rightmove data
There is a fair amount of insight that you can gather from the city of High Beach by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £1,645.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
Number of bedrooms | Average asking rent |
---|---|
1 | IG10 |
2 | no relevant data for this city |
3 | £1,641 |
4 | no relevant data for this city |
5 | no relevant data for this city |
An overview of High Beach property in Rightmove from an investment perspective
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 19. 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 High Beach it is 1.17. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 6%. So, you can make of that as you will.
Properties to Rent in High Beach on Rightmove
Concerning Rightmove, what is the education level like in High Beach?
Within the city of High Beach, the population amounts to 31515 individuals. Among these residents, it is notable that approximately 26% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £45,160.56. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.
What is the level of Rightmove affordable housing and social rent in High Beach?
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, 10% of individuals in High Beach rely on government rent and the average household income in the district is £45,160.56.
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.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
What are the number of HMOs on Rightmove that are licenced in the area of High Beach?
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 High Beach.
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 High Beach, 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 £691.
How much green space do properties have in High Beach according to Rightmove?
Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In High Beach, the current data indicates that there are 27.0 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.
What questions are asked most frequently?
How much does the average property cost in High Beach according to Rightmove data?
The average property price for the UK currently stands at £286,000. In the local area of High Beach, the average price of a house for sale in the area is £486,605
In the process of property hunting on Rightmove in High Beach, do hidden costs come into play?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
Is there a lot of crime in the area of High Beach according to Rightmove?
The ongoing crime rate in High Beach indicates 11900% instances for every 1000 citizens.
What’s the frequency of property sales per month in High Beach 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 19 properties are being sold every month.
On Rightmove, what is the average price of a three-bed property in High Beach?
For properties encompassing three bedrooms, the typical asking price hovers around £1,641. This can be contrasted with the mean property valuations.
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