Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Twycross, aiming to guide your investment decisions.
It’s worth noting that currently, 7 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
Properties to Rent in Twycross on Rightmove
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Twycross’s demographics and income insights based on Rightmove data
In the city of Twycross, the population is 21268. Out of all of these people, it is worth noting the education level. 18% have a degree (a higher level educational degree). Also, the average household income of the area is £43,553.85. This is important to understand for renters as if the degree level is above the average of 22.6%, your neighbours will likely be higher earners. This is not always the case and there are still other factors that determine the quality of your neighbours but taking a note of the degree is always useful.
What is the level of Rightmove affordable housing and social rent in Twycross?
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: 8%. Also, in Twycross, the average amount that people earn per household is £43,553.85. 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.
On Rightmove and in Twycross, how many HMOs are licenced?
The average asking price for a House in Multiple Occupation (HMO) in Twycross 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 Twycross 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.
Will you be moving into somewhere with a lot of green space if you moved to Twycross?
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 Twycross, the available data reveals that there are 19.2 acres of green space per thousand residents. For health reasons, there should be 6 acres.
On Rightmove, how are properties listed for sale?
Property investment opportunities presented on Rightmove in the city of Twycross
Based on Rightmove, there is a lot of data you can gather about Twycross and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £740. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is CV9, for a two bed is, no relevant data for this city, a three bed is no relevant data for this city. Finally, a four bed average asking price is no relevant data for this city, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.
A closer look at rental yield on Rightmove in Twycross
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 Twycross 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 Twycross, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
On Rightmove, how many planning permission applications are there based in Twycross?
The city of Twycross, 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 Twycross.
Investment analysis of Rightmove property in Twycross
As you delve into the property landscape of Twycross in the region of West Midlands, Rightmove becomes an invaluable resource that provides data that can be looked at every month.
Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 7. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.
So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is 0.63. Every decade population change should also be considered. This figure stands at 6% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like West Midlands.
The greater the number of sales per month in the area of Twycross, 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.
What are properties sold for on average on Rightmove?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Twycross. With an overall sold price of approximately £226,353, 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
What questions are asked most frequently?
Uncover the typical property asking price in Twycross through Rightmove data.
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Twycross, the mean selling price for houses in the area is £226,353. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
On Rightmove, are there any hidden costs when searching for property in the city of Twycross?
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.
Is there substantial criminal activity in the area around Twycross as indicated by Rightmove?
The ongoing crime rate in Twycross indicates 9300% instances for every 1000 citizens.
What are the house sales per month in Twycross?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 7 properties are being sold every month.
What’s the average cost of a three-bedroom property in Twycross as per Rightmove data?
The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices