In this overview, we’ll delve into the Rightmove data for Stockport, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 11 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
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According to Rightmove data from Stockport, what properties are renting?
In Stockport, 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, 26% of individuals in Stockport 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 £37,967.50. Most people in the Uk earn around £34,000 which is convenient for comparison.
Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.
Analysing the rate of education in Stockport from Rightmove
In the city of Stockport, the population stands at 294665 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 27% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £37,967.50. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.
How much green space do properties have in Stockport according to Rightmove?
Green space is a vital element that is often compromised in different locations, hindering its availability. For instance, urban areas frequently fall short of the recommended benchmark of 6 acres of green space per thousand people. In Stockport, the available data reveals that there are 13.9 acres of green space per thousand residents. For health reasons, there should be 6 acres.
How many HMOs are licenced in the city of Stockport on Rightmove?
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 Stockport.
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 Stockport, there are 15 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 no relevant data for this city.
In Stockport, what does the property sales data look like based on Rightmove?
Average sold prices of properties on Rightmove
The average sold price of properties in Stockport, UK, available on Rightmove is £240,905. 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 | £132,050 |
Terraced house | £186,413 |
Semi-detached house | £236,778 |
detached house | £363,110 |
A look into Rightmove’s Stockport property as an Investment
In the area of Stockport, Rightmove records consistent sales of 11 properties each month, generating an average yearly turnover of nan. This turnover is just from property sales relative to the properties that there already are and 4% 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 North West by looking at further houses for sale here.
On Rightmove, how many planning permission applications are there based in Stockport?
Applying for planning permission in Stockport is something landlords tend to do if they want to add some value to their home. As of this month, there were 3 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is 94% and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Stockport too, there is a decent amount of opportunity to buy, renovate and make a profit.
Linking rental yields with Rightmove property listings in Stockport
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Stockport, there is an average of £0 for rental yield.
Stockport can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
Every month, properties are sold on the platform of Rightmove in Stockport and you can explore the topics below related to sales that give you an overview of the market.
Property investment opportunities presented on Rightmove in the city of Stockport
Rightmove data can tell you a lot about the average asking rents of the area of Stockport. 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 £963.
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 |
SK1 | 1 |
Frequently Asked Questions by Rightmove users
Uncover the typical property asking price in Stockport through Rightmove data.
In Stockport, the mean price for residential properties up for sale is £240,905. The mean price for the average property valuation across the UK is £286,000.
Does exploring properties on Rightmove within Stockport come with any fees you may not be aware of?
Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Stockport?
The city of Stockport currently has a crime rate where for every 1000 people who live there 1640% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What are the house sales per month in Stockport?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 11 as of recent data.
According to Rightmove, what’s the mean price of a three-bedroom property in Stockport?
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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