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 Sunderland so you can make the best decisions and make money on your property purchases. Getting involved in one of the 14 property deals that come off the market each month.
According to Rightmove data from Sunderland, what properties are renting?
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.
Sunderland’s demographics and income insights based on Rightmove data
Within the city of Sunderland, the population amounts to 204251 individuals. Among these residents, it is notable that approximately 17% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £34,802.86. 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.
What is the level of Rightmove affordable housing and social rent in Sunderland?
Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 16% of individuals in Sunderland rely on government rent and the average household income in the district is £34,802.86.
Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.
If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.
Home listings in Sunderland on the platform of Rightmove
In the area, using Rightmove data, what are most people selling their property for?
Using Rightmove, there is an average sold price of property that is £120,611 in Sunderland. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
A city such as Sunderland 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 closer look at rental yield on Rightmove in Sunderland
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 Sunderland 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 Sunderland, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
Investment analysis of Rightmove property in Sunderland
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 14 properties are sold each month), you can work out the turnover too, which is 0.78 in Sunderland.
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 1%. Also comparing this data to an area slightly bigger, such as North East by visiting our page for this, you can find additional data to help you on your search too.
How Rightmove listings in Sunderland help you make an investment
In the area, average asking rents are around £574. 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 Sunderland.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||5|
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In terms of the number of planning permission applications on Rightmove, what should there be in Sunderland?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Sunderland, the people who own homes in this area have a rate of planning success of 93%. 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 Sunderland. 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 3 that take place each month, this is likely the case a lot of the time.
Will you be moving into somewhere with a lot of green space if you moved to Sunderland?
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 Sunderland, the current data indicates the presence of 16.8 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.
On Rightmove and in Sunderland, how many HMOs are licenced?
The average asking price for a House in Multiple Occupation (HMO) in Sunderland 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 Sunderland is no relevant data for this city 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.
Discover the mean property value in Sunderland as reported on Rightmove.
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Sunderland, the average cost of a home available for purchase is £120,611. You can compare these figures to see how far away this city is from the average.
In the process of property hunting on Rightmove in Sunderland, do hidden costs come into play?
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 Sunderland?
The Sunderland community presently experiences a crime rate where 20529% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
How many monthly property sales does Sunderland witness according to listing platforms?
14 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, how much does a three-bed property typically cost in Sunderland?
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.