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 Huthwaite 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 54 number of properties that are sold.
On Rightmove in Huthwaite, what properties are available to rent?
What is the Rightmove data regarding social rent and affordable housing in Huthwaite?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 10% of individuals in Huthwaite rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £40,508.70. Most people in the Uk earn around £34,000 which is convenient for comparison.
Understanding education levels in the area of Huthwaite
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 £40,508.70 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.
Huthwaite’s demographics also reveal a population of 72893 individuals and a percentage of people with degrees falling at 14%. 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.
Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.
What are the number of HMOs on Rightmove that are licenced in the area of Huthwaite?
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 Huthwaite.
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 Huthwaite, 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 £439.
How much green space do properties have in Huthwaite according to Rightmove?
Green space is universally recommended but unfortunately often compromised in various locations. In cities, the amount of green space often falls below the recommended threshold of 6 acres of green space per thousand people.
In Huthwaite, the current data indicates the presence of 22.6 acres of green space per thousand residents. By comparing this value to the recommended benchmark of 6, we can evaluate the sufficiency of green space in the area.
Properties for sale in Huthwaite on Rightmove
On average and according to Rightmove data, what do properties sell for?
In the area of Huthwaite in the UK, the average sold price of a property is around £146,510. 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
How can property investments be made using Rightmove data?
There is a fair amount of insight that you can gather from the city of Huthwaite 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 £653.
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
|no relevant data for this city
|no relevant data for this city
An overview of Huthwaite 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 East Midlands. However, you can find data for the wider region here.
|Data for Huthwaite
|Average for the UK
|Property sales per month
|Population growth over 10 years
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of East Midlands.
In terms of the number of planning permission applications on Rightmove, what should there be in Huthwaite?
In the UK, planning applications result in a success rate of 82% most of the time. In Huthwaite, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.
This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 22 monthly planning applications in Huthwaite, property here is more difficult to conduct improvements on.
If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.
If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.
Is it important to look at yield in Huthwaite in further detail?
Rental yield in Huthwaite 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 Huthwaite’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.
The greater the number of sales per month in the area of Huthwaite, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.
How much does the average property cost in Huthwaite according to Rightmove data?
In Huthwaite, the mean price for residential properties up for sale is £146,510. The mean price for the average property valuation across the UK is £286,000.
In the process of property hunting on Rightmove in Huthwaite, do hidden costs come into play?
Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)
Does Rightmove data indicate a high occurrence of crime in the vicinity of Huthwaite?
The ongoing crime rate in Huthwaite indicates 12600% instances for every 1000 citizens.
What are the house sales per month in Huthwaite?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 54. To learn more about houses for sale and why this data is important
What’s the average cost of a three-bedroom property in Huthwaite as per Rightmove data?
The average cost to rent a property with three bedrooms is £662. This can be weighed against the average property price trends.