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 New Houghton 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 46 number of properties that are sold.
Home listings in New Houghton on the platform of Rightmove
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 New Houghton to other regions.
What is a commons purchase price for property on Rightmove?
The average sold price of properties in New Houghton, UK, available on Rightmove is £152,087. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
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How Rightmove listings in New Houghton help you make an investment
Rightmove data can tell you a lot about the average asking rents of the area of New Houghton. 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 £747.
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Investment analysis of Rightmove property in New Houghton
In the area of New Houghton, Rightmove records consistent sales of 46 properties each month, generating an average yearly turnover of 1.09. This turnover is just from property sales relative to the properties that there already are and 5% 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 Midlands by looking at further houses for sale here.
From New Houghton’s Rightmove data, what are the number of planning permission applications?
The city of New Houghton, according to Rightmove listings, has a commendable planning success rate of nan and there are around 13 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in New Houghton.
New Houghton’s rental yield on Rightmove explained
New Houghton 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 New Houghton, is worked out by dividing the net rental income of a property by the purchase price.
How much outdoor space is there in New Houghton?
In New Houghton, the available data reveals that there are 21.0 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.
On Rightmove and in New Houghton, how many HMOs are licenced?
The average asking price for a House in Multiple Occupation (HMO) in New Houghton 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 New Houghton is £474 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.
On Rightmove in New Houghton, what properties are available to rent?
What is the level of Rightmove affordable housing and social rent in New Houghton?
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 12% in New Houghton. And they have an average household income of £40,546.15. 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.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Analysing the rate of education in New Houghton from Rightmove
In the city of New Houghton, the population is 51628. Out of all of these people, it is worth noting the education level. 14% have a degree (a higher level educational degree). Also, the average household income of the area is £40,546.15. 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.
Discover the mean property value in New Houghton as reported on Rightmove.
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of New Houghton, the average cost of a home available for purchase is £152,087. You can compare these figures to see how far away this city is from the average.
On Rightmove, are there any hidden costs when searching for property in the city of New Houghton?
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.
Is there a lot of crime in the area of New Houghton according to Rightmove?
The ongoing crime rate in New Houghton indicates 9300% instances for every 1000 citizens.
According to online listings, what’s the count of property transactions per month in New Houghton?
46 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
According to Rightmove, what’s the mean price of a three-bedroom property in New Houghton?
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.