In the UK, there is a lot that goes into deciding on the right place to buy. The decision gets even more complex if you are buying for an investment as you will have to think a bit more logically rather than thinking emotionally when buying a property. In this article, we go over what the Rightmove data looks like for the city of Kensal Town so you can make the best decisions and make money on your property purchases. Getting involved in one of the 9 property deals that come off the market each month.
By analysing Rightmove in Kensal Town, is there a lot of green, outdoor space?
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 Kensal Town, the current data indicates the presence of 13.1 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.
What are the number of HMOs on Rightmove that are licenced in the area of Kensal Town?
When it comes to renting in Kensal Town, 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 £929 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 Kensal Town, giving you an idea of the variety and options available in the market.
In Kensal Town, what property are people trying to rent on Rightmove?
Concerning Rightmove, what is the education level like in Kensal Town?
Within the city of Kensal Town, the population amounts to 33638 individuals. Among these residents, it is notable that approximately 36% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £54,216.99. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.
What is the Rightmove data regarding social rent and affordable housing in Kensal Town?
There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 43%. Also, in Kensal Town, the average amount that people earn per household is £54,216.99. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.
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.
Properties for sale in Kensal Town on Rightmove
What are properties sold for on average on Rightmove?
In the area of Kensal Town in the UK, the average sold price of a property is around £741,743. 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|
|detached house||no relevant data for this city|
|Semi detached house||no relevant data for this city|
How can property investments be made using Rightmove data?
Rightmove data can tell you a lot about the average asking rents of the area of Kensal Town. For example, the table below goes over how rents are distributed according to the number of rooms in the property. Also, the national figure for rental yield that is most common is 4.4%. The £0 which is the average yield of rent in the area can be compared for reference.
Read on to see what kind of rent you are looking to charge if you bought a property to see what size is best. Bear in mind as you do so that the average amount of rent that is asked for is £2,307.
|no relevant data for this city||5|
|no relevant data for this city||4|
It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Kensal Town is talked about below and in the following headings.
From Kensal Town’s Rightmove data, what are the number of planning permission applications?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Kensal Town, 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 Kensal Town. 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 9 that take place each month, this is likely the case a lot of the time.
Exploring Kensal Town’s real estate investment potential on Rightmove
As you delve into the property landscape of Kensal Town in the region of Greater London, Rightmove becomes an invaluable resource that provides data that can be looked at every month.
Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 9. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.
So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is 0.89. Every decade population change should also be considered. This figure stands at 5% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like Greater London.
Is it important to look at yield in Kensal Town in further detail?
Rental yield in Kensal Town 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 Kensal Town’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.
Frequently asked Questions
Discover the mean property value in Kensal Town as reported on Rightmove.
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Kensal Town, the mean selling price for houses in the area is £741,743. 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.
In the process of property hunting on Rightmove in Kensal Town, 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)
Is there substantial criminal activity in the area around Kensal Town as indicated by Rightmove?
The city of Kensal Town currently has a crime rate where for every 1000 people who live there 164 commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What are the house sales per month in Kensal Town?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 9 properties are being sold every month.
What’s the average cost of a three-bedroom property in Kensal Town as per Rightmove data?
The mean asking price for a property featuring three bedrooms stands at £2,602.