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 Prittlewell so you can make the best decisions and make money on your property purchases. Getting involved in one of the 32 property deals that come off the market each month.
How much green space do properties have in Prittlewell 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 Prittlewell, the current data indicates the presence of 27.0 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.
How many HMOs are licenced in the city of Prittlewell on Rightmove?
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 Prittlewell.
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 Prittlewell, 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 £546.
On Rightmove in Prittlewell, what properties are available to rent?
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
What is the level of Rightmove affordable housing and social rent in Prittlewell?
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 9% in Prittlewell. And they have an average household income of £45,160.56. 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.
Prittlewell’s demographics and income insights based on Rightmove data
In the city of Prittlewell, the population stands at 77630 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 21% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £45,160.56. 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.
Home listings in Prittlewell on the platform of Rightmove
Investment analysis of Rightmove property in Prittlewell
When considering buying a house for an investment in the area of East of England, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is 32. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Prittlewell it is 1.01. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 6%. So, you can make of that as you will.
How can property investments be made using Rightmove data?
There is a fair amount of insight that you can gather from the city of Prittlewell 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, £0 is the average rental yield and the average asking rent is £1,086.
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|
|4||no relevant data for this city|
|5||no relevant data for this city|
Linking rental yields with Rightmove property listings in Prittlewell
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 Prittlewell, there is an average of £0 for rental yield.
Prittlewell 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.
In the area, using Rightmove data, what are most people selling their property for?
In the area of Prittlewell in the UK, the average sold price of a property is around £276,459. This is based on the average of all of the types of property listed on Rightmove and other listing platforms. Take a look below to see how this average is made up:
|Type of property||Average sold price|
|Semi detached house||£323,566|
The greater the number of sales per month in the area of Prittlewell, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.
On Rightmove, how many planning permission applications are there based in Prittlewell?
In the UK, planning applications result in a success rate of 82% most of the time. In Prittlewell, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.
This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 23 monthly planning applications in Prittlewell, property here is more difficult to conduct improvements on.
If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.
If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.
What are some frequently asked questions?
In the city of Prittlewell, what is the median property price?
At present, within the confines of Prittlewell, the mean price for houses listed for sale is £276,459.
Are there any undisclosed expenses associated with property searches on Rightmove within Prittlewell?
Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.
Is there a lot of crime in the area of Prittlewell according to Rightmove?
The city of Prittlewell currently has a crime rate where for every 1000 people who live there 16500% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
In Prittlewell, how many sales per month are there according to listing portals?
32 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 Prittlewell?
For properties encompassing three bedrooms, the typical asking price hovers around £1,199. This can be contrasted with the mean property valuations.