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What kind of listings are on the platform Rightmove in Lilley?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What kind of listings are on the platform Rightmove in Lilley?

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 Lilley 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 36 number of properties that are sold.

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According to Rightmove data from Lilley, what properties are renting?

In Lilley, here’s what Rightmove data says about social rent and affordable housing

It is well researched and understood that humans like to associate themself with similar people and this is why it’s important to find an area where people are earning a similar amount to you. The percentage of people who are renting from the government is 15% in Lilley. And they have an average household income of £50,545.24. If you think these numbers are similar to your financial situation or reflect an area you want to live in, then this is a good sign.

How to examine income data from Rightmove for Lilley

When considering Lilley, its population reaches 56481 individuals. It is useful to note that around 25% of the residents have attained a higher level of education and the average household income in the area is £50,545.24. 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.

To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.

In the city of Lilley, regarding Rightmove, what would it look like living in a HMO?

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 Lilley.
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 Lilley, there are 161 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 £555.

How much green space do properties have in Lilley according to Rightmove?

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 Lilley, the current data indicates the presence of 31.5 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.

On Rightmove, how are properties listed for sale?

On average and according to Rightmove data, what do properties sell for?

Using Rightmove, there is an average sold price of property that is £278,087 in Lilley. 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
Flat £171,925
Terraced house £243,202
Semi-detached house £289,670
detached house £402,671

A quick insight into Rightmove property Lilley

When considering buying a house for an investment in the area of East of England, 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 36. 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 Lilley it is 0.95. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 7%. So, you can make of that as you will.

How to invest in property in Lilley using Rightmove data

Based on Rightmove, there is a lot of data you can gather about Lilley and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £1,059. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is LU2, for a two bed is, £951, a three bed is £1,229. Finally, a four bed average asking price is £1,471, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.

From Lilley’s Rightmove data, what are the number of planning permission applications?

The city of Lilley, according to Rightmove listings, has a commendable planning success rate of 77% and there are around 27 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Lilley.

A city such as Lilley 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.

A closer look at rental yield on Rightmove in Lilley

As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Lilley, there is an average of £0 for rental yield.
Lilley can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.

Frequently asked Questions

How much does the average property cost in Lilley according to Rightmove data?

The average property price for the UK currently stands at £286,000. In the local area of Lilley, the average price of a house for sale in the area is £278,087

Are there any undisclosed expenses associated with property searches on Rightmove within Lilley?

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.

Does Rightmove data indicate a high occurrence of crime in the vicinity of Lilley?

The city of Lilley currently has a crime rate where for every 1000 people who live there 97 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 Lilley?

To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 36. To learn more about houses for sale and why this data is important

On Rightmove, what is the average price of a three-bed property in Lilley?

For properties encompassing three bedrooms, the typical asking price hovers around £1,229. This can be contrasted with the mean property valuations.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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