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 Merriott so you can make the best decisions and make money on your property purchases. Getting involved in one of the 3 property deals that come off the market each month.
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How much green space do properties have in Merriott 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 Merriott, the current data indicates the presence of 20.1 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.
What are the number of HMOs on Rightmove that are licenced in the area of Merriott?
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 Merriott.
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 Merriott, there are nan 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.
In Merriott, what property are people trying to rent on Rightmove?
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.
What is the outlook for social rent and affordable housing according to Rightmove in Merriott?
Through some digging, we found the level of social rent in the area. Currently, this figure is 12% as the percentage of people who are leasing directly from the government. In the area of Merriott, the average household income is £42,548.61 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.
Concerning Rightmove, what is the education level like in Merriott?
Within the city of Merriott, the population amounts to 1893 individuals. Among these residents, it is notable that approximately 21% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £42,548.61. 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.
A list of properties for Sale in Merriott on Rightmove
A look into Rightmove’s Merriott property as an Investment
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 South West. However, you can find data for the wider region here.
| Data for Merriott | Average for the UK | |
|---|---|---|
| Turnover | nan | 19% |
| Property sales per month | 3 | 576,000 |
| Population growth over 10 years | 5% | 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 South West.
Every month, properties are sold on the platform of Rightmove in Merriott and you can explore the topics below related to sales that give you an overview of the market.
In terms of the number of planning permission applications on Rightmove, what should there be in Merriott?
The city of Merriott, according to Rightmove listings, has a commendable planning success rate of nan and there are around 1 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Merriott.
Merriott’s rental yield on Rightmove explained
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 Merriott, there is an average of no relevant data for this city for rental yield.
Merriott 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 no relevant data for this city 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.
What is a commons purchase price for property on Rightmove?
Using Rightmove, there is an average sold price of property that is £255,713 in Merriott. 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 | no relevant data for this city |
| Terraced house | £231,602 |
| Semi-detached house | £240,274 |
| detached house | £344,228 |
How to invest in property in Merriott using Rightmove data
There is a fair amount of insight that you can gather from the city of Merriott 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, no relevant data for this city is the average rental yield and the average asking rent is no relevant data for this city.
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 |
|---|---|
| 1 | TA16 |
| 2 | no relevant data for this city |
| 3 | no relevant data for this city |
| 4 | no relevant data for this city |
| 5 | no relevant data for this city |
Frequently asked Questions
Uncover the typical property asking price in Merriott through Rightmove data.
The average property price for the UK currently stands at £286,000. In the local area of Merriott, the average price of a house for sale in the area is £255,713
On Rightmove, are there any hidden costs when searching for property in the city of Merriott?
It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.
Is there substantial criminal activity in the area around Merriott as indicated by Rightmove?
The ongoing crime rate in Merriott indicates 2700% instances for every 1000 citizens.
What’s the frequency of property sales per month in Merriott as reported by listing portals?
3 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
What’s the average cost of a three-bedroom property in Merriott as per Rightmove data?
Properties with three bedrooms command an average asking price of no relevant data for this city. 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.
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