In this overview, we’ll delve into the Rightmove data for Highbury, 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 12 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.
We help you find the right agent
At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Highbury to help you find the perfect agent for you
Properties for sale in Highbury on Rightmove
Investment analysis of Rightmove property in Highbury
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 Highbury | Average for the UK | |
|---|---|---|
| Turnover | 0.95 | 19% |
| Property sales per month | 12 | 576,000 |
| Population growth over 10 years | 24% | 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.
Property investment opportunities presented on Rightmove in Highbury
Based on Rightmove, there is a lot of data you can gather about Highbury 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 £2,339. 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 N5, for a two bed is, £1,890, a three bed is £2,548. 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.
In Highbury, what are the number of planning permission applications on Rightmove?
On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Highbury, this number is 11 every month and the success rate for planning permission is nan.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Highbury, you may be able to do the same and make some money.
Every month, properties are sold on the platform of Rightmove in Highbury and you can explore the topics below related to sales that give you an overview of the market.
On average and according to Rightmove data, what do properties sell for?
Using Rightmove, there is an average sold price of property that is £694,918 in Highbury. 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 |
|---|---|
| Flat | £571,536 |
| Terraced house | £1,414,213 |
| Semi-detached house | £1,805,284 |
| detached house | no relevant data for this city |
A closer look at rental yield on Rightmove in Highbury
Rental yield in Highbury 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 Highbury’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.
In the city of Highbury, regarding Rightmove, what would it look like living in a HMO?
The average asking price for a House in Multiple Occupation (HMO) in Highbury is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Highbury is £909 and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.
How much outdoor space is there in Highbury?
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 Highbury, the available data reveals that there are 13.1 acres of green space per thousand residents. For health reasons, there should be 6 acres.
In Highbury, what property are people trying to rent on Rightmove?
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.
In Highbury, here’s what Rightmove data says about social rent and affordable housing
There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 29%. Also, in Highbury, the average amount that people earn per household is £54,216.99. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.
How to examine income data from Rightmove for Highbury
When considering Highbury, its population reaches 24725 individuals. It is useful to note that around 58% of the residents have attained a higher level of education and the average household income in the area is £54,216.99. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.
FAQ
How much does the average property cost in Highbury according to Rightmove data?
The average property price for the UK currently stands at £286,000. In the local area of Highbury, the average price of a house for sale in the area is £694,918
In the process of property hunting on Rightmove in Highbury, do hidden costs come into play?
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 Highbury’s vicinity?
The Highbury community presently experiences a crime rate where 11900% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
How many monthly property sales does Highbury witness according to listing platforms?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 12. To learn more about houses for sale and why this data is important
What’s the usual price range for a three-bedroom property on Rightmove in Highbury?
The mean asking price for a property featuring three bedrooms stands at £2,548.
0 Comments