no relevant data for this city 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.
Inverness 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.
On Rightmove, how are properties listed for sale?
An overview of Inverness property in Rightmove from an investment perspective
When considering buying a house for an investment in the area of Scotland, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is no relevant data for this city. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Inverness it is no relevant data for this city. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 2%. So, you can make of that as you will.
On average and according to Rightmove data, what do properties sell for?
Using Rightmove, there is an average sold price of property that is £182,070 in Inverness. 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|
How to invest in property in Inverness using Rightmove data
In the area, average asking rents are around £738. 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 Inverness.
|Average asking rent||Number of bedrooms in house|
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Looking to buy a house? Rightmove offers a diverse selection of properties for sale. Some of these listings are sold to homeowners and some are sold to investors looking to make a return. Check out more data related to properties for sale in other areas by checking out our list of properties that are for sale throughout the UK if you are interested in comparing Inverness to other regions.
From Inverness’s Rightmove data, what are the number of planning permission applications?
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 Inverness, this number is no relevant data for this city every month and the success rate for planning permission is no relevant data for this city.
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 Inverness, you may be able to do the same and make some money.
Linking rental yields with Rightmove property listings in Inverness
Rental yield is simply the annual amount of rent that is made from a property after expenses calculated as a percentage. As of 2023, the yield of Inverness is £0.
It is a wise idea to compare this figure to the rest of the UK. Areas with extremely high yields can get as high as 10% but on the low end where property is very expensive such as in Chelsea, London, yields can be as low as 1%. So use the figure of £0 for comparison.
Usually, when looking to invest in Inverness, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
In Inverness, what property are people trying to rent on Rightmove?
In Inverness, in terms of affordable housing and social rent, what does Rightmove data show?
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, no relevant data for this city of individuals in Inverness rely on government rent and the average household income in the district is no relevant data for this city.
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.
How to examine income data from Rightmove for Inverness
In the city of Inverness, the population is 143858. Out of all of these people, it is worth noting the education level. 25% have a degree (a higher level educational degree). Also, the average household income of the area is no relevant data for this city. This is important to understand for renters as if the degree level is above the average of 22.6%, your neighbours will likely be higher earners. This is not always the case and there are still other factors that determine the quality of your neighbours but taking a note of the degree is always useful.
Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.
How many HMOs are licenced in the city of Inverness on Rightmove?
Currently, the number of licensed HMOs stands at no relevant data for this city that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is no relevant data for this city.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Inverness. Understanding where is best to rent in Inverness involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
Will you be moving into somewhere with a lot of green space if you moved to Inverness?
In Inverness, the available data reveals that there are 30.7 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.
In the city of Inverness, what is the median property price?
At present, within the confines of Inverness, the mean price for houses listed for sale is £182,070.
Does exploring properties on Rightmove within Inverness come with any fees you may not be aware of?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Inverness?
In Inverness, the prevailing crime rate results in 400% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
In Inverness, how many sales per month are there according to listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that no relevant data for this city properties are being sold every month.
What’s the usual price range for a three-bedroom property on Rightmove in Inverness?
Properties with three bedrooms command an average asking price of no relevant data for this city. 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.