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 Notting Hill 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 11 number of properties that are sold.
In the city of Notting Hill, regarding Rightmove, what would it look like living in a HMO?
When it comes to renting in Notting Hill, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is no relevant data for this city. This data is particularly valuable for individuals seeking affordable rental options or like the idea of renting with housemates. If you are looking for more of an expensive property, there are £996 HMO properties with an ensuite too. Contrary to what you may believe, not all HMOs have to be cramped with a lack of space. A HMO with an ensuite will mean you won’t have to come out of your room to use the bathroom, making things very convenient.
According to the most recent Rightmove data, there are a total of 817 licensed HMOs in Notting Hill, giving you an idea of the variety and options available in the market.
By analysing Rightmove in Notting Hill, is there a lot of green, outdoor space?
In Notting Hill, the available data reveals that there are 13.1 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.
A list of properties for Sale in Notting Hill on Rightmove
In Notting Hill, analysing Rightmove, what are the number of planning permission applications?
The city of Notting Hill, according to Rightmove listings, has a commendable planning success rate of 82% and there are around 11 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Notting Hill.
It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Notting Hill is talked about below and in the following headings.
Linking rental yields with Rightmove property listings in Notting Hill
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 Notting Hill, there is an average of £0 for rental yield.
Notting Hill 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.
Property investment opportunities presented on Rightmove in Notting Hill
In Notting Hill, the average asking rent in the area is £3,235 and there is a table below that goes over the asking rent for every type of property there is. Also, in Notting Hill, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
|Number of bedrooms||Average asking rent|
|5||no relevant data for this city|
Exploring Notting Hill’s real estate investment potential on Rightmove
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 11 properties are sold each month), you can work out the turnover too, which is 0.6 in Notting Hill.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 0%. Also comparing this data to an area slightly bigger, such as Greater London by visiting our page for this, you can find additional data to help you on your search too.
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 Notting Hill. With an overall sold price of approximately £1,337,774, 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|
In Notting Hill, 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.
Concerning Rightmove, what is the education level like in Notting Hill?
In the city of Notting Hill, the population stands at 31399 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 45% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £54,216.99. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.
In Notting Hill, in terms of affordable housing and social rent, what does Rightmove data show?
There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 31%. Also, in Notting Hill, the average amount that people earn per household is £54,216.99. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.
Frequently Asked Questions by Rightmove users
In the city of Notting Hill, what is the median property price?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Notting Hill, the mean selling price for houses in the area is £1,337,774. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
On Rightmove, are there any hidden costs when searching for property in the city of Notting Hill?
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 substantial criminal activity in the area around Notting Hill as indicated by Rightmove?
In Notting Hill, the prevailing crime rate results in 15200% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
In Notting Hill, how many sales per month are there according to listing portals?
11 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
On Rightmove, how much does a three-bed property typically cost in Notting Hill?
The mean asking price for a property featuring three bedrooms stands at £3,668.