6 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Peterborough contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.
What are the number of HMOs on Rightmove that are licenced in the area of Peterborough?
When it comes to renting in Peterborough, 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 no relevant data for this city 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 nan licensed HMOs in Peterborough, giving you an idea of the variety and options available in the market.
How much green space do properties have in Peterborough according to Rightmove?
In Peterborough, the available data reveals that there are 18.0 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.
In Peterborough, 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 Rightmove data regarding social rent and affordable housing in Peterborough?
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: 9%. Also, in Peterborough, the average amount that people earn per household is £47,861.29. 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.
Concerning Rightmove, what is the education level like in Peterborough?
When considering Peterborough, its population reaches 109120 individuals. It is useful to note that around 27% of the residents have attained a higher level of education and the average household income in the area is £47,861.29. 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.
Properties for sale in Peterborough on Rightmove
Peterborough’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 Peterborough, there is an average of £0 for rental yield.
Peterborough 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.
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 Peterborough is talked about below and in the following headings.
From Peterborough’s Rightmove data, what are the number of planning permission applications?
The city of Peterborough, according to Rightmove listings, has a commendable planning success rate of nan and there are around 5 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Peterborough.
How to invest in property in Peterborough using Rightmove data
In Peterborough, the average asking rent in the area is £1,013 and there is a table below that goes over the asking rent for every type of property there is. Also, in Peterborough, 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|
|4||no relevant data for this city|
|3||no relevant data for this city|
|2||no relevant data for this city|
In the area, using Rightmove data, what are most people selling their property for?
When exploring the property market in Peterborough, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £280,405, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Property type||Average selling point|
A quick insight into Rightmove property Peterborough
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 East of England. However, you can find data for the wider region here.
|Data for Peterborough||Average for the UK|
|Property sales per month||6||576,000|
|Population growth over 10 years||6%||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 East of England.
Frequently asked Questions
In the city of Peterborough, what is the median property price?
The average property price for the UK currently stands at £286,000. In the local area of Peterborough, the average price of a house for sale in the area is £280,405
Does exploring properties on Rightmove within Peterborough 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)
Is there substantial criminal activity in the area around Peterborough as indicated by Rightmove?
The city of Peterborough currently has a crime rate where for every 1000 people who live there 7500% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What’s the frequency of property sales per month in Peterborough as reported by listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 6 properties are being sold every month.
What’s the average cost of a three-bedroom property in Peterborough as per Rightmove data?
The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices