15 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.
Stanmore 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.
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Properties to Rent in Stanmore on Rightmove
How to examine income data from Rightmove for Stanmore
Within the city of Stanmore, the population amounts to 35976 individuals. Among these residents, it is notable that approximately 35% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £51,500.00. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.
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.
In Stanmore, in terms of affordable housing and social rent, what does Rightmove data show?
It is well researched and understood that humans like to associate themself with similar people and this is why it’s important to find an area where people are earning a similar amount to you. The percentage of people who are renting from the government is 9% in Stanmore. And they have an average household income of £51,500.00. If you think these numbers are similar to your financial situation or reflect an area you want to live in, then this is a good sign.
Will you be moving into somewhere with a lot of green space if you moved to Stanmore?
In Stanmore, the available data reveals that there are 14.7 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.
On Rightmove and in Stanmore, how many HMOs are licenced?
In Stanmore, 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 Stanmore is currently £715, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
In Stanmore, what does the property sales data look like based on Rightmove?
Property investment opportunities presented on Rightmove in the city of Stanmore
In Stanmore, the average asking rent in the area is £1,864 and there is a table below that goes over the asking rent for every type of property there is. Also, in Stanmore, 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 | £2,435 |
| 3 | £1,904 |
| 2 | no relevant data for this city |
| 1 | HA7 |
Every month, properties are sold on the platform of Rightmove in Stanmore and you can explore the topics below related to sales that give you an overview of the market.
A look into Rightmove’s Stanmore property as an Investment
When contemplating an investment property, you can look at the figures of turnover, the number of sales there are every month in the area, and the population change over ten years. The below table is related to the city rather than the wider area of Greater London. However, you can find data for the wider region here.
| Data for Stanmore | Average for the UK | |
|---|---|---|
| Turnover | 1.01 | 19% |
| Property sales per month | 15 | 576,000 |
| Population growth over 10 years | 6% | 6.5% |
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of Greater London.
In Stanmore, what are the number of planning permission applications on Rightmove?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Stanmore, 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 Stanmore. 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 29 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 Stanmore. With an overall sold price of approximately £577,410, 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 | £416,076 |
| Terraced house | £583,232 |
| Semi-detached house | £587,710 |
| detached house | £1,100,432 |
A closer look at rental yield on Rightmove in Stanmore
Stanmore 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 Stanmore, is worked out by dividing the net rental income of a property by the purchase price.
What are some frequently asked questions?
Discover the mean property value in Stanmore as reported on Rightmove.
At present, within the confines of Stanmore, the mean price for houses listed for sale is £577,410.
When utilising Rightmove for finding property in Stanmore, 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.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Stanmore?
In Stanmore, the prevailing crime rate results in 69 occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What are the house sales per month in Stanmore?
15 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
What’s the average cost of a three-bedroom property in Stanmore as per Rightmove data?
The average cost to rent a property with three bedrooms is £1,904. This can be weighed against the average property price trends.
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