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 Lea Bridge 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 23 number of properties that are sold.
On Rightmove and in Lea Bridge, how many HMOs are licenced?
In Lea Bridge, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Lea Bridge is currently £725, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
How much green space do properties have in Lea Bridge according to Rightmove?
Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Lea Bridge, the current data indicates that there are 13.1 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.
Properties to Rent in Lea Bridge on Rightmove
What is the level of Rightmove affordable housing and social rent in Lea Bridge?
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, 23% of individuals in Lea Bridge rely on government rent and the average household income in the district is £54,216.99.
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 Lea Bridge
Within the city of Lea Bridge, the population amounts to 42953 individuals. Among these residents, it is notable that approximately 30% 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.
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.
A list of properties for Sale in Lea Bridge on Rightmove
An overview of Lea Bridge 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 Greater London. However, you can find data for the wider region here.
|Data for Lea Bridge
|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 Greater London.
A city such as Lea Bridge has a fair amount of houses for sale on Rightmove. In the following headings, we go over all the relevant data related to Rightmove so you can begin the process of buying a house. Figuring out the best type of property to buy is a difficult process so it is useful to see all the relevant information condensed in one place.
In Lea Bridge, analysing Rightmove, what are the number of planning permission applications?
In the UK, planning applications result in a success rate of 82% most of the time. In Lea Bridge, 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 16 monthly planning applications in Lea Bridge, 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.
A closer look at rental yield on Rightmove in Lea Bridge
A serious investor will know what yield is and how to work it out. The formula is true for Lea Bridge and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Lea Bridge the figure is £0.
This £0 as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.
In the area, using Rightmove data, what are most people selling their property for?
When exploring the property market in Lea Bridge, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £456,860, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Average selling point
|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 Lea Bridge. 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 £1,610.
|no relevant data for this city
|no relevant data for this city
Frequently asked Questions
Uncover the typical property asking price in Lea Bridge through Rightmove data.
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Lea Bridge, the mean selling price for houses in the area is £456,860. 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 Lea Bridge, 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.
Based on Rightmove’s information, what’s the level of criminal activity in the Lea Bridge area?
The ongoing crime rate in Lea Bridge indicates 137 instances for every 1000 citizens.
What are the house sales per month in Lea Bridge?
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 23 as of recent data.
What’s the average cost of a three-bedroom property in Lea Bridge as per Rightmove data?
The mean asking price for a property featuring three bedrooms stands at £1,835.