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 Wellingborough so you can make the best decisions and make money on your property purchases. Getting involved in one of the 32 property deals that come off the market each month.
By analysing Rightmove in Wellingborough, is there a lot of green, outdoor space?
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 Wellingborough, the available data reveals that there are 19.8 acres of green space per thousand residents. For health reasons, there should be 6 acres.
In the city of Wellingborough, regarding Rightmove, what would it look like living in a HMO?
In Wellingborough, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Wellingborough is currently £489, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
Properties for sale in Wellingborough on Rightmove
Exploring Wellingborough’s real estate investment potential on Rightmove
In the area of Wellingborough, Rightmove records consistent sales of 32 properties each month, generating an average yearly turnover of 1.6. This turnover is just from property sales relative to the properties that there already are and no relevant data for this city 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 West Midlands by looking at further houses for sale here.
How can property investments be made using Rightmove data?
In Wellingborough, the average asking rent in the area is £783 and there is a table below that goes over the asking rent for every type of property there is. Also, in Wellingborough, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
|Number of bedrooms
|Average asking rent
|no relevant data for this city
|no relevant data for this city
|no relevant data for this city
From Wellingborough’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 Wellingborough, 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 Wellingborough. 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 14 that take place each month, this is likely the case a lot of the time.
A closer look at rental yield on Rightmove in Wellingborough
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 Wellingborough 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 Wellingborough, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
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 £206,705 in Wellingborough. 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.
|Average price of property
The greater the number of sales per month in the area of Wellingborough, 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.
Properties to Rent in Wellingborough on Rightmove
In Wellingborough, here’s what Rightmove data says about social rent and affordable housing
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 14% of individuals in Wellingborough rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £43,305.56. Most people in the Uk earn around £34,000 which is convenient for comparison.
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.
How to examine income data from Rightmove for Wellingborough
In the city of Wellingborough, the population is 49059. 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 £43,305.56. 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 questions are asked most frequently?
What is the average property price in Wellingborough on Rightmove?
At present, within the confines of Wellingborough, the mean price for houses listed for sale is £206,705.
On Rightmove, are there any hidden costs when searching for property in the city of Wellingborough?
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.
Based on Rightmove’s information, what’s the level of criminal activity in the Wellingborough area?
In Wellingborough, the prevailing crime rate results in 15400% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
In Wellingborough, how many sales per month are there according to listing portals?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 32 as of recent data.
On Rightmove, what is the average price of a three-bed property in Wellingborough?
Properties with three bedrooms command an average asking price of no relevant data for this city. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.