Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to West Worthing and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 38 number of properties that are sold.
From Rightmove listings, what is the availability of green space in West Worthing
Green space is something that is recommended to everyone to have but then again, it is often compromised in a lot of locations. For instance, in cities, the amount of green space is often well below the recommended figure of 6 acres of green space for every thousand people. In West Worthing, this is 19.5. Compare this figure of 6 which is recommended to have and the data for West Worthing to tell how much green space is around.
On Rightmove and in West Worthing, how many HMOs are licenced?
The average asking price for a House in Multiple Occupation (HMO) in West Worthing 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 West Worthing is £654 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.
Home listings in West Worthing on the platform of Rightmove
How Rightmove listings in West Worthing help you make an investment
In West Worthing, the average asking rent in the area is £1,056 and there is a table below that goes over the asking rent for every type of property there is. Also, in West Worthing, 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|
|5||no relevant data for this city|
|4||no relevant data for this city|
Linking rental yields with Rightmove property listings in West Worthing
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of West Worthing, there is an average of £0 for rental yield.
West Worthing can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
A city such as West Worthing 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.
In terms of the number of planning permission applications on Rightmove, what should there be in West Worthing?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to West Worthing, 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 West Worthing. 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 16 that take place each month, this is likely the case a lot of the time.
Investment analysis of Rightmove property in West Worthing
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 38 properties are sold each month), you can work out the turnover too, which is 1.05 in West Worthing.
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 7%. Also comparing this data to an area slightly bigger, such as South East by visiting our page for this, you can find additional data to help you on your search too.
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 West Worthing. With an overall sold price of approximately £267,329, 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|
According to Rightmove data from West Worthing, what properties are renting?
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
West Worthing’s demographics and income insights based on Rightmove data
When considering West Worthing, its population reaches 32753 individuals. It is useful to note that around 29% of the residents have attained a higher level of education and the average household income in the area is £45,146.15. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.
What is the Rightmove data regarding social rent and affordable housing in West Worthing?
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 West Worthing, the average amount that people earn per household is £45,146.15. 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.
How much does the average property cost in West Worthing according to Rightmove data?
At present, within the confines of West Worthing, the mean price for houses listed for sale is £267,329.
On Rightmove, are there any hidden costs when searching for property in the city of West Worthing?
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 a lot of crime in the area of West Worthing according to Rightmove?
The current crime rate in West Worthing is such that 15100% incidents are recorded for every 1000 residents.
What’s the frequency of property sales per month in West Worthing as reported by listing portals?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 38. To learn more about houses for sale and why this data is important
On Rightmove, what is the average price of a three-bed property in West Worthing?
For properties encompassing three bedrooms, the typical asking price hovers around £1,235. This can be contrasted with the mean property valuations.