18 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.
Kensington 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.
Properties to Rent in Kensington on Rightmove
In Kensington, here’s what Rightmove data says about social rent and affordable housing
Through some digging, we found the level of social rent in the area. Currently, this figure is 6% as the percentage of people who are leasing directly from the government. In the area of Kensington, the average household income is £54,216.99 too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Concerning Rightmove, what is the education level like in Kensington?
When considering Kensington, its population reaches 40001 individuals. It is useful to note that around 62% of the residents have attained a higher level of education and the average household income in the area is £54,216.99. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.
How many HMOs are licenced in the city of Kensington on Rightmove?
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 Kensington.
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 Kensington, there are 44 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 no relevant data for this city.
How much outdoor space is there in Kensington?
In Kensington, the available data reveals that there are 13.1 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.
On Rightmove, how are properties listed for sale?
The greater the number of sales per month in the area of Kensington, 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.
An overview of Kensington 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 18 properties are sold each month), you can work out the turnover too, which is 0.43 in Kensington.
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 Greater London by visiting our page for this, you can find additional data to help you on your search too.
In the area, using Rightmove data, what are most people selling their property for?
Using Rightmove, there is an average sold price of property that is £1,863,023 in Kensington. 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|
|detached house||no relevant data for this city|
Property investment opportunities presented on Rightmove in Kensington
There is a fair amount of insight that you can gather from the city of Kensington 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 £4,804.
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|
|5||no relevant data for this city|
In terms of the number of planning permission applications on Rightmove, what should there be in Kensington?
The city of Kensington, according to Rightmove listings, has a commendable planning success rate of 87% and there are around 8 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Kensington.
A closer look at rental yield on Rightmove in Kensington
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 Kensington 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 Kensington, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
How much does the average property cost in Kensington according to Rightmove data?
At present, within the confines of Kensington, the mean price for houses listed for sale is £1,863,023.
In the process of property hunting on Rightmove in Kensington, do hidden costs come into play?
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.
Is there substantial criminal activity in the area around Kensington as indicated by Rightmove?
The ongoing crime rate in Kensington indicates 14850% instances for every 1000 citizens.
In Kensington, how many sales per month are there according to 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 18 as of recent data.
According to Rightmove, what’s the mean price of a three-bedroom property in Kensington?
For properties encompassing three bedrooms, the typical asking price hovers around £4,618. This can be contrasted with the mean property valuations.