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 Southampton so you can make the best decisions and make money on your property purchases. Getting involved in one of the 19 property deals that come off the market each month.
In Southampton, what property are people trying to rent on Rightmove?
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
In Southampton, here’s what Rightmove data says about social rent and affordable housing
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 23% of individuals in Southampton rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £50,882.35. Most people in the Uk earn around £34,000 which is convenient for comparison.
Understanding education levels in the area of Southampton
In the city of Southampton, the population is 181024. Out of all of these people, it is worth noting the education level. 27% have a degree (a higher level educational degree). Also, the average household income of the area is £50,882.35. 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.
Home listings in Southampton on the platform of Rightmove
In terms of the number of planning permission applications on Rightmove, what should there be in Southampton?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Southampton, 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 Southampton. 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 5 that take place each month, this is likely the case a lot of the time.
Average sold prices of properties on Rightmove
When exploring the property market in Southampton, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £223,435, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Property type||Average selling point|
A quick insight into Rightmove property Southampton
In the area of Southampton, Rightmove records consistent sales of 19 properties each month, generating an average yearly turnover of 0.38. This turnover is just from property sales relative to the properties that there already are and 9% 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 South East by looking at further houses for sale here.
A deep dive into rental yield and how this impacts Southampton
Rental yield is simply the annual amount of rent that is made from a property after expenses calculated as a percentage. As of 2023, the yield of Southampton is £0.
It is a wise idea to compare this figure to the rest of the UK. Areas with extremely high yields can get as high as 10% but on the low end where property is very expensive such as in Chelsea, London, yields can be as low as 1%. So use the figure of £0 for comparison.
Usually, when looking to invest in Southampton, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
A city such as Southampton has a fair amount of houses for sale on Rightmove. In the following headings, we go over all the relevant data related to Rightmove so you can begin the process of buying a house. Figuring out the best type of property to buy is a difficult process so it is useful to see all the relevant information condensed in one place.
How can property investments be made using Rightmove data?
In Southampton, the average asking rent in the area is £1,086 and there is a table below that goes over the asking rent for every type of property there is. Also, in Southampton, 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|
On Rightmove and in Southampton, how many HMOs are licenced?
The average asking price for a House in Multiple Occupation (HMO) in Southampton 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 Southampton is £528 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.
From Rightmove listings, what is the availability of green space in Southampton
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 Southampton, the current data indicates the presence of 30.9 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.
What questions are asked most frequently?
What is the average property price in Southampton on Rightmove?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Southampton, the mean selling price for houses in the area is £223,435. 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.
On Rightmove, are there any hidden costs when searching for property in the city of Southampton?
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)
According to Rightmove data, how prevalent is crime in Southampton’s vicinity?
In Southampton, the prevailing crime rate results in 17800% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
In Southampton, how many sales per month are there according to listing portals?
19 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
According to Rightmove, what’s the mean price of a three-bedroom property in Southampton?
The average price for a property that has three bedrooms is £1,220. This can be compared to average property prices