Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Hollinswood, aiming to guide your investment decisions.
It’s worth noting that currently, 19 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
In Hollinswood, what property are people trying to rent on Rightmove?
What is the Rightmove data regarding social rent and affordable housing in Hollinswood?
It is well researched and understood that humans like to associate themself with similar people and this is why it’s important to find an area where people are earning a similar amount to you. The percentage of people who are renting from the government is 20% in Hollinswood. And they have an average household income of £40,462.86. If you think these numbers are similar to your financial situation or reflect an area you want to live in, then this is a good sign.
Analysing the rate of education in Hollinswood from Rightmove
When considering Hollinswood, its population reaches 23785 individuals. It is useful to note that around 16% of the residents have attained a higher level of education and the average household income in the area is £40,462.86. 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.
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.
Will you be moving into somewhere with a lot of green space if you moved to Hollinswood?
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 Hollinswood, this is 24.4. Compare this figure of 6 which is recommended to have and the data for Hollinswood to tell how much green space is around.
How many HMOs are licenced in the city of Hollinswood on Rightmove?
When it comes to renting in Hollinswood, 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 £448 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 Hollinswood, giving you an idea of the variety and options available in the market.
In Hollinswood, what does the property sales data look like based on Rightmove?
On average and according to Rightmove data, what do properties sell for?
In the area of Hollinswood in the UK, the average sold price of a property is around £170,989. 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|
|Semi detached house||£161,608|
In Hollinswood, what are the number of planning permission applications on Rightmove?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Hollinswood, 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 Hollinswood. 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 4 that take place each month, this is likely the case a lot of the time.
A closer look at rental yield on Rightmove in Hollinswood
A serious investor will know what yield is and how to work it out. The formula is true for Hollinswood 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 Hollinswood 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.
How Rightmove listings in Hollinswood help you make an investment
Based on Rightmove, there is a lot of data you can gather about Hollinswood 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 £776. 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 TF3, for a two bed is, no relevant data for this city, a three bed is no relevant data for this city. 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.
A look into Rightmove’s Hollinswood property as an Investment
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 West Midlands. However, you can find data for the wider region here.
|Data for Hollinswood||Average for the UK|
|Property sales per month||19||576,000|
|Population growth over 10 years||10%||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 West Midlands.
Every month, properties are sold on the platform of Rightmove in Hollinswood and you can explore the topics below related to sales that give you an overview of the market.
What are some frequently asked questions?
Discover the mean property value in Hollinswood as reported on Rightmove.
At present, within the confines of Hollinswood, the mean price for houses listed for sale is £170,989.
Are there any undisclosed expenses associated with property searches on Rightmove within Hollinswood?
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.
Based on Rightmove’s information, what’s the level of criminal activity in the Hollinswood area?
The current crime rate in Hollinswood is such that 20200% incidents are recorded for every 1000 residents.
What’s the frequency of property sales per month in Hollinswood 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 19. 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 Hollinswood?
The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices