4 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Sheffield contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.
How much outdoor space is there in Sheffield?
In Sheffield, the available data reveals that there are 17.6 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.
According to Rightmove data in Sheffield, is it worth moving into a HMO?
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 Sheffield.
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 Sheffield, 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 £483.
On Rightmove in Sheffield, 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.
How to examine income data from Rightmove for Sheffield
In the city of Sheffield, the population is 173390. Out of all of these people, it is worth noting the education level. 32% have a degree (a higher level educational degree). Also, the average household income of the area is £38,733.33. This is important to understand for renters as if the degree level is above the average of 22.6%, your neighbours will likely be higher earners. This is not always the case and there are still other factors that determine the quality of your neighbours but taking a note of the degree is always useful.
What is the outlook for social rent and affordable housing according to Rightmove in Sheffield?
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: 11%. Also, in Sheffield, the average amount that people earn per household is £38,733.33. 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.
On Rightmove, how are properties listed for sale?
Is it important to look at yield in Sheffield in further detail?
Rental yield in Sheffield 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 Sheffield’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.
How Rightmove listings in Sheffield help you make an investment
There is a fair amount of insight that you can gather from the city of Sheffield 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 £797.
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
|no relevant data for this city
|no relevant data for this city
In Sheffield, analysing Rightmove, what are the number of planning permission applications?
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 Sheffield, this number is 3 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 Sheffield, you may be able to do the same and make some money.
An overview of Sheffield property in Rightmove from an investment perspective
In the area of Sheffield, Rightmove records consistent sales of 4 properties each month, generating an average yearly turnover of 0.85. This turnover is just from property sales relative to the properties that there already are and 7% is the population change over ten years.
All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.
Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of East Midlands by looking at further houses for sale here.
Every month, properties are sold on the platform of Rightmove in Sheffield and you can explore the topics below related to sales that give you an overview of the market.
Average sold prices of properties on Rightmove
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Sheffield. With an overall sold price of approximately £211,296, 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
How much does the average property cost in Sheffield according to Rightmove data?
At present, within the confines of Sheffield, the mean price for houses listed for sale is £211,296.
When utilising Rightmove for finding property in Sheffield, are there any charges to consider?
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.
According to Rightmove data, how prevalent is crime in Sheffield’s vicinity?
In Sheffield, the prevailing crime rate results in 15470% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What’s the frequency of property sales per month in Sheffield as reported by listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is 4. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
What’s the usual price range for a three-bedroom property on Rightmove in Sheffield?
The average cost to rent a property with three bedrooms is £965. This can be weighed against the average property price trends.