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 Stoke Prior 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 18 number of properties that are sold.
We help you find the right agent
At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Stoke Prior to help you find the perfect agent for you
On Rightmove and in Stoke Prior, how many HMOs are licenced?
When it comes to renting in Stoke Prior, 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 Stoke Prior, giving you an idea of the variety and options available in the market.
From Rightmove listings, what is the availability of green space in Stoke Prior
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 Stoke Prior, the current data indicates that there are 22.6 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.
On Rightmove in Stoke Prior, what properties are available to rent?
In Stoke Prior, in terms of affordable housing and social rent, what does Rightmove data show?
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: 4%. Also, in Stoke Prior, the average amount that people earn per household is £40,944.44. 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.
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.
Understanding education levels in the area of Stoke Prior
In the city of Stoke Prior, the population stands at 27158 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 31% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £40,944.44. 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.
Home listings in Stoke Prior on the platform of Rightmove
From Stoke Prior’s Rightmove data, what are the number of planning permission applications?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Stoke Prior, 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 Stoke Prior. 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 8 that take place each month, this is likely the case a lot of the time.
On average and according to Rightmove data, what do properties sell for?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Stoke Prior. With an overall sold price of approximately £294,867, 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 | £124,893 |
| Terraced house | £217,623 |
| Semi-detached house | £250,482 |
| detached house | £378,410 |
How to invest in property in Stoke Prior using Rightmove data
In the area, average asking rents are around £899. This tends to differ depending on the size of the property you are buying and the number of rooms they have. You can read more about these metrics below. For reference, the yields in the area are £0.
Combining the data of yield with the price of rent can give you a good idea about the types of investments in the area. For instance, if a property has a low yield and also low rents, it is likely a lower return, single family buy to let in a less in demand area of Stoke Prior.
| Average asking rent | Number of bedrooms in house |
|---|---|
| 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 |
| B60 | 1 |
A city such as Stoke Prior 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.
A look into Rightmove’s Stoke Prior property as an Investment
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 18 properties are sold each month), you can work out the turnover too, which is nan in Stoke Prior.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 8%. Also comparing this data to an area slightly bigger, such as West Midlands by visiting our page for this, you can find additional data to help you on your search too.
Stoke Prior’s rental yield on Rightmove explained
A serious investor will know what yield is and how to work it out. The formula is true for Stoke Prior 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 Stoke Prior 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.
What questions are asked most frequently?
Discover the mean property value in Stoke Prior as reported on Rightmove.
At present, within the confines of Stoke Prior, the mean price for houses listed for sale is £294,867.
Does exploring properties on Rightmove within Stoke Prior come with any fees you may not be aware of?
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)
Based on Rightmove’s information, what’s the level of criminal activity in the Stoke Prior area?
The city of Stoke Prior currently has a crime rate where for every 1000 people who live there 7800% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
In Stoke Prior, how many sales per month are there according to listing portals?
18 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
On Rightmove, what is the average price of a three-bed property in Stoke Prior?
For properties encompassing three bedrooms, the typical asking price hovers around no relevant data for this city. This can be contrasted with the mean property valuations.
0 Comments