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What kind of listings are on the platform Rightmove in Redbridge?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What kind of listings are on the platform Rightmove in Redbridge?

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 Redbridge, aiming to guide your investment decisions.
It’s worth noting that currently, 15 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.

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Properties to Rent in Redbridge on Rightmove

What is the outlook for social rent and affordable housing according to Rightmove in Redbridge?

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: 8%. Also, in Redbridge, 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.

Concerning Rightmove, what is the education level like in Redbridge?

If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £54,216.99 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Redbridge’s demographics also reveal a population of 154028 individuals and a percentage of people with degrees falling at 37%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.

Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.

A list of properties for Sale in Redbridge on Rightmove

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 Redbridge is talked about below and in the following headings.

A closer look at rental yield on Rightmove in Redbridge

Rental yield in Redbridge is £0 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 Redbridge’s yield of £0 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 Redbridge

In the area, average asking rents are around £1,637. This tends to differ depending on the size of the property you are buying and the number of rooms they have. You can read more about these metrics below. For reference, the yields in the area are £0.
Combining the data of yield with the price of rent can give you a good idea about the types of investments in the area. For instance, if a property has a low yield and also low rents, it is likely a lower return, single family buy to let in a less in demand area of Redbridge.

Average asking rent Number of bedrooms in house
no relevant data for this city 5
no relevant data for this city 4
no relevant data for this city 3
£1,390 2
E18 1

A look into Rightmove’s Redbridge property as an Investment

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 15 properties are sold each month), you can work out the turnover too, which is 0.59 in Redbridge.



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 11%. 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.

In Redbridge, analysing Rightmove, what are the number of planning permission applications?

82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Redbridge, the people who own homes in this area have a rate of planning success of nan. Individuals usually seek to modify their properties and apply for planning permission whenever they are trying to increase the value of a home.
This means investors should take note of this data in Redbridge. An above-average success rate indicates that property renovations have been proven to work and are repeatable or it could mean that a lot of the properties in the area are very simple in design. This presents an opportunity for investors to assess successful strategies in the area and adopt similar approaches and of the 15 that take place each month, this is likely the case a lot of the time.

In the area, using Rightmove data, what are most people selling their property for?

By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Redbridge. With an overall sold price of approximately £476,179, 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
Flat £293,316
Terraced house £517,990
Semi-detached house £644,859
detached house £866,542

According to Rightmove data in Redbridge, is it worth moving into a HMO?

The average asking price for a House in Multiple Occupation (HMO) in Redbridge is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Redbridge is £737 and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.

How much outdoor space is there in Redbridge?

Green space is something that is recommended to everyone to have but then again, it is often compromised in a lot of locations. For instance, in cities, the amount of green space is often well below the recommended figure of 6 acres of green space for every thousand people. In Redbridge, this is 13.1. Compare this figure of 6 which is recommended to have and the data for Redbridge to tell how much green space is around.

Frequently asked Questions

What is the average property price in Redbridge on Rightmove?

In Redbridge, the mean price for residential properties up for sale is £476,179. The mean price for the average property valuation across the UK is £286,000.

Are there any undisclosed expenses associated with property searches on Rightmove within Redbridge?

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 a lot of crime in the area of Redbridge according to Rightmove?

The current crime rate in Redbridge is such that 113.75 incidents are recorded for every 1000 residents.

How many monthly property sales does Redbridge witness according to listing platforms?

15 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 Redbridge?

The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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