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 Rayleigh so you can make the best decisions and make money on your property purchases. Getting involved in one of the 20 property deals that come off the market each month.
By analysing Rightmove in Rayleigh, is there a lot of green, outdoor space?
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 Rayleigh, 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.
According to Rightmove data in Rayleigh, is it worth moving into a HMO?
In Rayleigh, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Rayleigh is currently no relevant data for this city, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
On Rightmove, how are properties listed for sale?
In terms of the number of planning permission applications on Rightmove, what should there be in Rayleigh?
The city of Rayleigh, according to Rightmove listings, has a commendable planning success rate of nan and there are around 18 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Rayleigh.
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 Rayleigh is talked about below and in the following headings.
How to invest in property in Rayleigh using Rightmove data
In Rayleigh, the average asking rent in the area is £1,306 and there is a table below that goes over the asking rent for every type of property there is. Also, in Rayleigh, 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|
A look into Rightmove’s Rayleigh property as an Investment
As you delve into the property landscape of Rayleigh in the region of East of England, Rightmove becomes an invaluable resource that provides data that can be looked at every month.
Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 20. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.
So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is nan. Every decade population change should also be considered. This figure stands at 5% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like East of England.
Average sold prices of properties on Rightmove
Using Rightmove, there is an average sold price of property that is £373,510 in Rayleigh. 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|
A closer look at rental yield on Rightmove in Rayleigh
Rayleigh averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Rayleigh, is worked out by dividing the net rental income of a property by the purchase price.
According to Rightmove data from Rayleigh, what properties are renting?
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
In Rayleigh, 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: 5%. Also, in Rayleigh, the average amount that people earn per household is £45,160.56. 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.
How to examine income data from Rightmove for Rayleigh
When considering Rayleigh, its population reaches 32035 individuals. It is useful to note that around 21% of the residents have attained a higher level of education and the average household income in the area is £45,160.56. 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.
Frequently Asked Questions by Rightmove users
In the city of Rayleigh, what is the median property price?
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Rayleigh, the average cost of a home available for purchase is £373,510. You can compare these figures to see how far away this city is from the average.
When utilising Rightmove for finding property in Rayleigh, are there any charges to consider?
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.
Based on Rightmove’s information, what’s the level of criminal activity in the Rayleigh area?
In Rayleigh, the prevailing crime rate results in 6300% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
In Rayleigh, how many sales per month are there according to listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 20 properties are being sold every month.
What’s the usual price range for a three-bedroom property on Rightmove in Rayleigh?
Properties with three bedrooms command an average asking price of no relevant data for this city. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.