Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Sandwell and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 11 number of properties that are sold.
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On Rightmove and in Sandwell, how many HMOs are licenced?
When it comes to renting in Sandwell, 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 Sandwell, giving you an idea of the variety and options available in the market.
From Rightmove listings, what is the availability of green space in Sandwell
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 Sandwell, the current data indicates that there are 13.8 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.
In Sandwell, what property are people trying to rent on Rightmove?
In Sandwell, here’s what Rightmove data says about social rent and affordable housing
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: 32%. Also, in Sandwell, the average amount that people earn per household is £37,604.82. 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.
Sandwell’s demographics and income insights based on Rightmove data
When considering Sandwell, its population reaches 105415 individuals. It is useful to note that around 12% of the residents have attained a higher level of education and the average household income in the area is £37,604.82. 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.
Looking to rent? Find the most valuable data points for the process of renting below. See our full list of areas in the UK with data from Rightmove if you want to compare these rents to other areas in the UK.
A list of properties for Sale in Sandwell on Rightmove
On Rightmove, how many planning permission applications are there based in Sandwell?
On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Sandwell, this number is 9 every month and the success rate for planning permission is nan.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Sandwell, you may be able to do the same and make some money.
Every month, properties are sold on the platform of Rightmove in Sandwell and you can explore the topics below related to sales that give you an overview of the market.
A look into Rightmove’s Sandwell property as an Investment
When considering buying a house for an investment in the area of West Midlands, 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 11. 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 Sandwell 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 8%. So, you can make of that as you will.
How can property investments be made using Rightmove data?
Rightmove data can tell you a lot about the average asking rents of the area of Sandwell. For example, the table below goes over how rents are distributed according to the number of rooms in the property. Also, the national figure for rental yield that is most common is 4.4%. The £0 which is the average yield of rent in the area can be compared for reference.
Read on to see what kind of rent you are looking to charge if you bought a property to see what size is best. Bear in mind as you do so that the average amount of rent that is asked for is £760.
Asking rent | Bedrooms |
---|---|
no relevant data for this city | 5 |
no relevant data for this city | 4 |
no relevant data for this city | 3 |
no relevant data for this city | 2 |
B70 | 1 |
Average sold prices of properties on Rightmove
The average sold price of properties in Sandwell, UK, available on Rightmove is £160,082. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
Category of property | Average price |
---|---|
Flat | £83,411 |
Terraced house | £139,361 |
Semi-detached house | £158,893 |
detached house | £239,552 |
Linking rental yields with Rightmove property listings in Sandwell
A serious investor will know what yield is and how to work it out. The formula is true for Sandwell and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Sandwell the figure is £0.
This £0 as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.
Frequently asked Questions
Discover the mean property value in Sandwell as reported on Rightmove.
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Sandwell, the mean selling price for houses in the area is £160,082. 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 Sandwell, do hidden costs come into play?
It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.
Is there substantial criminal activity in the area around Sandwell as indicated by Rightmove?
The city of Sandwell currently has a crime rate where for every 1000 people who live there 17767% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
In Sandwell, how many sales per month are there according to listing portals?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 11. To learn more about houses for sale and why this data is important
On Rightmove, how much does a three-bed property typically cost in Sandwell?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.
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