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An outlook on houses for rent and sale on Rightmove in Limbury

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ An outlook on houses for rent and sale on Rightmove in Limbury

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 Limbury so you can make the best decisions and make money on your property purchases. Getting involved in one of the 35 property deals that come off the market each month.

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How much outdoor space is there in Limbury?

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 Limbury, the current data indicates the presence of 24.5 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.

How many HMOs are licenced in the city of Limbury on Rightmove?

Currently, the number of licensed HMOs stands at 38 that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is £578.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Limbury. Understanding where is best to rent in Limbury involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.

Properties for sale in Limbury on Rightmove

Exploring Limbury’s real estate investment potential on Rightmove

In the area of Limbury, Rightmove records consistent sales of 35 properties each month, generating an average yearly turnover of 1.22. This turnover is just from property sales relative to the properties that there already are and 7% is the population change over ten years.



All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.



Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of East of England by looking at further houses for sale here.

Is it important to look at yield in Limbury in further detail?

Limbury 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 Limbury, is worked out by dividing the net rental income of a property by the purchase price.

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

The average sold price of properties in Limbury, UK, available on Rightmove is £269,973. 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
Flat £154,364
Terraced house £229,402
Semi-detached house £277,695
detached house £378,228

In Limbury, analysing Rightmove, what are the number of planning permission applications?

The city of Limbury, according to Rightmove listings, has a commendable planning success rate of 77% and there are around 24 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Limbury.

How to invest in property in Limbury using Rightmove data

Rightmove data can tell you a lot about the average asking rents of the area of Limbury. 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 £1,091.

Asking rent Bedrooms
no relevant data for this city 5
£1,467 4
no relevant data for this city 3
no relevant data for this city 2
LU3 1

The greater the number of sales per month in the area of Limbury, 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.

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

Understanding education levels in the area of Limbury

In the city of Limbury, the population is 61423. Out of all of these people, it is worth noting the education level. 21% have a degree (a higher level educational degree). Also, the average household income of the area is £47,240.91. 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.

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.

What is the level of Rightmove affordable housing and social rent in Limbury?

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, 18% of individuals in Limbury rely on government rent and the average household income in the district is £47,240.91.



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.

FAQ

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

In Limbury, the mean price for residential properties up for sale is £269,973. The mean price for the average property valuation across the UK is £286,000.

Does exploring properties on Rightmove within Limbury come with any fees you may not be aware of?

Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.

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

The Limbury community presently experiences a crime rate where 82 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.

What’s the frequency of property sales per month in Limbury as reported by 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 35. 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 average cost of a three-bedroom property in Limbury as per Rightmove data?

For properties encompassing three bedrooms, the typical asking price hovers around no relevant data for this city. 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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