4 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.
Hull 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.
How many HMOs are licenced in the city of Hull on Rightmove?
When it comes to renting in Hull, 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 no relevant data for this city 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 Hull, giving you an idea of the variety and options available in the market.
Will you be moving into somewhere with a lot of green space if you moved to Hull?
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 Hull, this is 12.9. Compare this figure of 6 which is recommended to have and the data for Hull to tell how much green space is around.
According to Rightmove data from Hull, what properties are renting?
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.
Analysing the rate of education in Hull from Rightmove
In the city of Hull, the population stands at 407923 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 21% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £37,095.24. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.
What is the Rightmove data regarding social rent and affordable housing in Hull?
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, 20% of individuals in Hull rely on government rent and the average household income in the district is £37,095.24.
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.
In Hull, what does the property sales data look like based on Rightmove?
An overview of Hull property in Rightmove from an investment perspective
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 4 properties are sold each month), you can work out the turnover too, which is 0.6 in Hull.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 2%. Also comparing this data to an area slightly bigger, such as North East by visiting our page for this, you can find additional data to help you on your search too.
In terms of the number of planning permission applications on Rightmove, what should there be in Hull?
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 Hull, this number is 3 every month and the success rate for planning permission is 93%.
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 Hull, you may be able to do the same and make some money.
A closer look at rental yield on Rightmove in Hull
Rental yield in Hull 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 Hull’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.
Every month, properties are sold on the platform of Rightmove in Hull and you can explore the topics below related to sales that give you an overview of the market.
Property investment opportunities presented on Rightmove in Hull
In Hull, the average asking rent in the area is £635 and there is a table below that goes over the asking rent for every type of property there is. Also, in Hull, 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
|no relevant data for this city
|no relevant data for this city
Average sold prices of properties on Rightmove
Using Rightmove, there is an average sold price of property that is £157,128 in Hull. 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.
|Average price of property
Discover the mean property value in Hull as reported on Rightmove.
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Hull, the mean selling price for houses in the area is £157,128. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
On Rightmove, are there any hidden costs when searching for property in the city of Hull?
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.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Hull?
The Hull community presently experiences a crime rate where 15447% 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.
What’s the frequency of property sales per month in Hull as reported by listing portals?
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 4 as of recent data.
According to Rightmove, what’s the mean price of a three-bedroom property in Hull?
Properties with three bedrooms command an average asking price of £785. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.