In this overview, we’ll delve into the Rightmove data for Hornchurch, 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 22 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.
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From Rightmove listings, what is the availability of green space in Hornchurch
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 Hornchurch, the available data reveals that there are 13.1 acres of green space per thousand residents. For health reasons, there should be 6 acres.
On Rightmove and in Hornchurch, how many HMOs are licenced?
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 Hornchurch.
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 Hornchurch, 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 £707.
According to Rightmove data from Hornchurch, what properties are renting?
Concerning Rightmove, what is the education level like in Hornchurch?
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 £54,216.99 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.
Hornchurch’s demographics also reveal a population of 63019 individuals and a percentage of people with degrees falling at 16%. 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 outlook for social rent and affordable housing according to Rightmove in Hornchurch?
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, 8% of individuals in Hornchurch rely on government rent and the average household income in the district is £54,216.99.
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.
In Hornchurch, what does the property sales data look like based on Rightmove?
What are properties sold for on average on Rightmove?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Hornchurch. With an overall sold price of approximately £384,172, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.
| Class of property | Average sale |
|---|---|
| Flat | £235,442 |
| Terraced house | £359,530 |
| Semi-detached house | £397,843 |
| detached house | £482,201 |
Linking rental yields with Rightmove property listings in Hornchurch
Hornchurch averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Hornchurch, is worked out by dividing the net rental income of a property by the purchase price.
On Rightmove, how many planning permission applications are there based in Hornchurch?
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 Hornchurch, this number is 22 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 Hornchurch, you may be able to do the same and make some money.
How Rightmove listings in Hornchurch help you make an investment
In the area, average asking rents are around £1,529. This tends to differ depending on the size of the property you are buying and the number of rooms they have. You can read more about these metrics below. For reference, the yields in the area are £0.
Combining the data of yield with the price of rent can give you a good idea about the types of investments in the area. For instance, if a property has a low yield and also low rents, it is likely a lower return, single family buy to let in a less in demand area of Hornchurch.
| Average asking rent | Number of bedrooms in house |
|---|---|
| no relevant data for this city | 5 |
| no relevant data for this city | 4 |
| no relevant data for this city | 3 |
| no relevant data for this city | 2 |
| RM12 | 1 |
An overview of Hornchurch property in Rightmove from an investment perspective
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 Hornchurch | Average for the UK | |
|---|---|---|
| Turnover | 1.17 | 19% |
| Property sales per month | 22 | 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 Greater London.
A city such as Hornchurch 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.
What questions are asked most frequently?
How much does the average property cost in Hornchurch according to Rightmove data?
At present, within the confines of Hornchurch, the mean price for houses listed for sale is £384,172.
On Rightmove, are there any hidden costs when searching for property in the city of Hornchurch?
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.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Hornchurch?
The Hornchurch community presently experiences a crime rate where 8250% 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 Hornchurch witness according to listing platforms?
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 22 as of recent data.
On Rightmove, how much does a three-bed property typically cost in Hornchurch?
The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.
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