4 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.
Leicester 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 in Leicester, what properties are available to rent?
What is the outlook for social rent and affordable housing according to Rightmove in Leicester?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 26% of individuals in Leicester 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 £43,553.85. Most people in the Uk earn around £34,000 which is convenient for comparison.
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.
Analysing the rate of education in Leicester from Rightmove
In the city of Leicester, the population is 241866. Out of all of these people, it is worth noting the education level. 23% have a degree (a higher level educational degree). Also, the average household income of the area is £43,553.85. 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.
Properties for sale in Leicester on Rightmove
What is a commons purchase price for property on Rightmove?
The average sold price of properties in Leicester, UK, available on Rightmove is £203,339. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
|Category of property||Average price|
Property investment opportunities presented on Rightmove in Leicester
Rightmove data can tell you a lot about the average asking rents of the area of Leicester. 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 £769.
|no relevant data for this city||5|
|no relevant data for this city||4|
Leicester’s rental yield on Rightmove explained
Leicester averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Leicester, is worked out by dividing the net rental income of a property by the purchase price.
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 Leicester to other regions.
From Leicester’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 Leicester, this number is 4 every month and the success rate for planning permission is nan.
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 Leicester, you may be able to do the same and make some money.
Investment analysis of Rightmove property in Leicester
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 Leicester||Average for the UK|
|Property sales per month||4||576,000|
|Population growth over 10 years||8%||6.5%|
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.
What are the number of HMOs on Rightmove that are licenced in the area of Leicester?
The average asking price for a House in Multiple Occupation (HMO) in Leicester is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Leicester is £489 and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.
By analysing Rightmove in Leicester, is there a lot of green, outdoor space?
Green space is something that is recommended to everyone to have but then again, it is often compromised in a lot of locations. For instance, in cities, the amount of green space is often well below the recommended figure of 6 acres of green space for every thousand people. In Leicester, this is 19.2. Compare this figure of 6 which is recommended to have and the data for Leicester to tell how much green space is around.
In the city of Leicester, what is the median property price?
The average property price for the UK currently stands at £286,000. In the local area of Leicester, the average price of a house for sale in the area is £203,339
On Rightmove, are there any hidden costs when searching for property in the city of Leicester?
Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.
Is there a lot of crime in the area of Leicester according to Rightmove?
The Leicester community presently experiences a crime rate where 20800% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
In Leicester, 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, you can look at the houses sold each month which is 4. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
What’s the usual price range for a three-bedroom property on Rightmove in Leicester?
Properties with three bedrooms command an average asking price of £911. 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.