In this overview, we’ll delve into the Rightmove data for Newbury Park, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 12 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
Properties to Rent in Newbury Park on Rightmove
Newbury Park’s demographics and income insights based on Rightmove data
When considering Newbury Park, its population reaches 28254 individuals. It is useful to note that around 34% of the residents have attained a higher level of education and the average household income in the area is £54,216.99. 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.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
In Newbury Park, here’s what Rightmove data says about social rent and affordable housing
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 9% of individuals in Newbury Park 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 £54,216.99. Most people in the Uk earn around £34,000 which is convenient for comparison.
Home listings in Newbury Park on the platform of Rightmove
How Rightmove listings in Newbury Park help you make an investment
Rightmove data can tell you a lot about the average asking rents of the area of Newbury Park. 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 £1,751.
|no relevant data for this city||5|
|no relevant data for this city||4|
|no relevant data for this city||3|
|no relevant data for this city||2|
A quick insight into Rightmove property Newbury Park
In the area of Newbury Park, Rightmove records consistent sales of 12 properties each month, generating an average yearly turnover of 1.01. This turnover is just from property sales relative to the properties that there already are and 11% 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 Greater London by looking at further houses for sale here.
A city such as Newbury Park 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.
From Newbury Park’s Rightmove data, what are the number of planning permission applications?
Applying for planning permission in Newbury Park is something landlords tend to do if they want to add some value to their home. As of this month, there were 21 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is nan and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Newbury Park too, there is a decent amount of opportunity to buy, renovate and make a profit.
Newbury Park’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 Newbury Park, there is an average of £0 for rental yield.
Newbury Park 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.
On average and according to Rightmove data, what do properties sell for?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Newbury Park. With an overall sold price of approximately £459,206, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.
|Class of property||Average sale|
|detached house||no relevant data for this city|
From Rightmove listings, what is the availability of green space in Newbury Park
Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Newbury Park, the current data indicates that there are 13.1 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.
How many HMOs are licenced in the city of Newbury Park on Rightmove?
Currently, the number of licensed HMOs stands at nan 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 £725.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Newbury Park. Understanding where is best to rent in Newbury Park involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
What is the average property price in Newbury Park on Rightmove?
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Newbury Park, the average cost of a home available for purchase is £459,206. You can compare these figures to see how far away this city is from the average.
Does exploring properties on Rightmove within Newbury Park come with any fees you may not be aware of?
Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)
Does Rightmove data indicate a high occurrence of crime in the vicinity of Newbury Park?
The city of Newbury Park currently has a crime rate where for every 1000 people who live there 10600% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
According to online listings, what’s the count of property transactions per month in Newbury Park?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 12 as of recent data.
On Rightmove, what is the average price of a three-bed property in Newbury Park?
The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.