Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Purfleet, aiming to guide your investment decisions.
It’s worth noting that currently, 6 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
How many HMOs are licenced in the city of Purfleet 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 Purfleet.
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 Purfleet, 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 no relevant data for this city.
How much outdoor space is there in Purfleet?
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 Purfleet, the current data indicates that there are 27.0 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.
Home listings in Purfleet on the platform of Rightmove
In Purfleet, analysing Rightmove, what are the number of planning permission applications?
In the UK, planning applications result in a success rate of 82% most of the time. In Purfleet, 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 2 monthly planning applications in Purfleet, 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 is a commons purchase price for property on Rightmove?
Using Rightmove, there is an average sold price of property that is £225,031 in Purfleet. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
|detached house||no relevant data for this city|
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 Purfleet is talked about below and in the following headings.
Investment analysis of Rightmove property in Purfleet
When considering buying a house for an investment in the area of Greater London, 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 6. 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 Purfleet it is nan. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 12%. So, you can make of that as you will.
Is it important to look at yield in Purfleet in further detail?
Rental yield in Purfleet is no relevant data for this city as of 2023. However, this is not to say that there are not higher yields out there. When the economy was favourable for property in 2018. Yields were as high as 11% in places like Sheffield in some cases. However, an average, yet respectable figure you can expect from a property in the UK is around 4.4% so you can compare Purfleet’s yield of no relevant data for this city to see if you are above or below.
It is useful to note that even though a property may have a below average rental yield, it can still benefit from capital appreciation over time and this profit can be taken when the property is sold.
Property investment opportunities presented on Rightmove in Purfleet
There is a fair amount of insight that you can gather from the city of Purfleet 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, no relevant data for this city is the average rental yield and the average asking rent is no relevant data for this city.
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|
|2||no relevant data for this city|
|3||no relevant data for this city|
|4||no relevant data for this city|
|5||no relevant data for this city|
In Purfleet, what property are people trying to rent on Rightmove?
What is the outlook for social rent and affordable housing according to Rightmove in Purfleet?
Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 9% of individuals in Purfleet rely on government rent and the average household income in the district is £45,160.56.
Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.
If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.
How to examine income data from Rightmove for Purfleet
Within the city of Purfleet, the population amounts to 6532 individuals. Among these residents, it is notable that approximately 25% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £45,160.56. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.
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 are some frequently asked questions?
How much does the average property cost in Purfleet according to Rightmove data?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Purfleet, the mean selling price for houses in the area is £225,031. 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.
In the process of property hunting on Rightmove in Purfleet, do hidden costs come into play?
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.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Purfleet?
The Purfleet community presently experiences a crime rate where 15400% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
How many monthly property sales does Purfleet witness according to listing platforms?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 6. To learn more about houses for sale and why this data is important
What’s the usual price range for a three-bedroom property on Rightmove in Purfleet?
For properties encompassing three bedrooms, the typical asking price hovers around no relevant data for this city. This can be contrasted with the mean property valuations.