In this overview, we’ll delve into the Rightmove data for Stretford, 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 16 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.
In the city of Stretford, regarding Rightmove, what would it look like living in a HMO?
Currently, the number of licensed HMOs stands at nan that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is £562.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Stretford. Understanding where is best to rent in Stretford involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
By analysing Rightmove in Stretford, is there a lot of green, outdoor space?
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 Stretford, the current data indicates the presence of 13.9 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.
Home listings in Stretford on the platform of Rightmove
From Stretford’s Rightmove data, what are the number of planning permission applications?
The city of Stretford, according to Rightmove listings, has a commendable planning success rate of nan and there are around 8 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Stretford.
The greater the number of sales per month in the area of Stretford, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.
A look into Rightmove’s Stretford property as an Investment
When considering buying a house for an investment in the area of North West, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is 16. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Stretford it is nan. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 6%. So, you can make of that as you will.
Property investment opportunities presented on Rightmove in the city of Stretford
Rightmove data can tell you a lot about the average asking rents of the area of Stretford. 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 £1,094.
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What are properties sold for on average on Rightmove?
The average sold price of properties in Stretford, UK, available on Rightmove is £235,051. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
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A deep dive into rental yield and how this impacts Stretford
A serious investor will know what yield is and how to work it out. The formula is true for Stretford 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 Stretford 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.
In Stretford, what property are people trying to rent on Rightmove?
Analysing the rate of education in Stretford from Rightmove
In the city of Stretford, the population stands at 28434 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 25% 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
In Stretford, here’s what Rightmove data says about social rent and affordable housing
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: 23%. Also, in Stretford, the average amount that people earn per household is £37,967.50. 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.
In the city of Stretford, what is the median property price?
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Stretford, the average cost of a home available for purchase is £235,051. You can compare these figures to see how far away this city is from the average.
When utilising Rightmove for finding property in Stretford, are there any charges to consider?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
Is there substantial criminal activity in the area around Stretford as indicated by Rightmove?
The current crime rate in Stretford is such that no relevant data for this city incidents are recorded for every 1000 residents.
What’s the frequency of property sales per month in Stretford 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 16. 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.
On Rightmove, what is the average price of a three-bed property in Stretford?
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.