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What kind of listings are on the platform Rightmove in Watford?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What kind of listings are on the platform Rightmove in Watford?

14 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Watford contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.

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From Rightmove listings, what is the availability of green space in Watford

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 Watford, the available data reveals that there are 31.5 acres of green space per thousand residents. For health reasons, there should be 6 acres.

How many HMOs are licenced in the city of Watford on Rightmove?

When it comes to renting in Watford, 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 £715 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 183 licensed HMOs in Watford, giving you an idea of the variety and options available in the market.

Properties for sale in Watford on Rightmove

From Watford’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 Watford, the people who own homes in this area have a rate of planning success of 67%. 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 Watford. 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 18 that take place each month, this is likely the case a lot of the time.

Investment analysis of Rightmove property in Watford

In the area of Watford, Rightmove records consistent sales of 14 properties each month, generating an average yearly turnover of 1.52. This turnover is just from property sales relative to the properties that there already are and 8% 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 Greater London by looking at further houses for sale here.

How Rightmove listings in Watford help you make an investment

In the area, average asking rents are around £1,439. 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 Watford.

Average asking rent Number of bedrooms in house
no relevant data for this city 5
no relevant data for this city 4
£1,565 3
£1,202 2
WD17 1

It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Watford is talked about below and in the following headings.

Watford’s rental yield on Rightmove explained

Watford averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Watford, is worked out by dividing the net rental income of a property by the purchase price.

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 Watford. With an overall sold price of approximately £420,721, 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 £285,799
Terraced house £395,744
Semi-detached house £513,259
detached house £719,804

In Watford, what property are people trying to rent on Rightmove?

Concerning Rightmove, what is the education level like in Watford?

In the city of Watford, the population is 142263. Out of all of these people, it is worth noting the education level. 33% have a degree (a higher level educational degree). Also, the average household income of the area is £50,545.24. 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.

In Watford, here’s what Rightmove data says about social rent and affordable housing

Through some digging, we found the level of social rent in the area. Currently, this figure is 13% as the percentage of people who are leasing directly from the government. In the area of Watford, the average household income is £50,545.24 too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.

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.

FAQ

Discover the mean property value in Watford 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 Watford, the average cost of a home available for purchase is £420,721. 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 Watford, do hidden costs come into play?

It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.

Does Rightmove data indicate a high occurrence of crime in the vicinity of Watford?

In Watford, the prevailing crime rate results in 11367% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.

How many monthly property sales does Watford witness according to listing platforms?

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 14. 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.

What’s the average cost of a three-bedroom property in Watford as per Rightmove data?

For properties encompassing three bedrooms, the typical asking price hovers around £1,565. This can be contrasted with the mean property valuations.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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