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 Wolferlow 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 4 number of properties that are sold.
We help you find the right agent
At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Wolferlow to help you find the perfect agent for you
In Wolferlow, what property are people trying to rent on Rightmove?
Understanding education levels in the area of Wolferlow
If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £40,944.44 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Wolferlow’s demographics also reveal a population of 7195 individuals and a percentage of people with degrees falling at 27%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.
What is the Rightmove data regarding social rent and affordable housing in Wolferlow?
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, 4% of individuals in Wolferlow rely on government rent and the average household income in the district is £40,944.44.
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.
Looking to rent? Find the most valuable data points for the process of renting below. See our full list of areas in the UK with data from Rightmove if you want to compare these rents to other areas in the UK.
How much green space do properties have in Wolferlow according to Rightmove?
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 Wolferlow, the available data reveals that there are 22.6 acres of green space per thousand residents. For health reasons, there should be 6 acres.
What are the number of HMOs on Rightmove that are licenced in the area of Wolferlow?
Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Wolferlow.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Wolferlow, there are nan for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at no relevant data for this city.
In Wolferlow, what does the property sales data look like based on Rightmove?
On Rightmove, how many planning permission applications are there based in Wolferlow?
Applying for planning permission in Wolferlow is something landlords tend to do if they want to add some value to their home. As of this month, there were 4 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is nan and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Wolferlow too, there is a decent amount of opportunity to buy, renovate and make a profit.
Is it important to look at yield in Wolferlow in further detail?
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 Wolferlow, there is an average of no relevant data for this city for rental yield.
Wolferlow 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 no relevant data for this city 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.
What are properties sold for on average on Rightmove?
In the area of Wolferlow in the UK, the average sold price of a property is around £295,031. This is based on the average of all of the types of property listed on Rightmove and other listing platforms. Take a look below to see how this average is made up:
| Type of property | Average sold price |
|---|---|
| detached house | £360,048 |
| Semi detached house | £208,691 |
| Terraced house | £166,280 |
| Flat | £139,874 |
Looking to buy a house? Rightmove offers a diverse selection of properties for sale. Some of these listings are sold to homeowners and some are sold to investors looking to make a return. Check out more data related to properties for sale in other areas by checking out our list of properties that are for sale throughout the UK if you are interested in comparing Wolferlow to other regions.
How Rightmove listings in Wolferlow help you make an investment
Rightmove data can tell you a lot about the average asking rents of the area of Wolferlow. For example, the table below goes over how rents are distributed according to the number of rooms in the property. Also, the national figure for rental yield that is most common is 4.4%. The no relevant data for this city which is the average yield of rent in the area can be compared for reference.
Read on to see what kind of rent you are looking to charge if you bought a property to see what size is best. Bear in mind as you do so that the average amount of rent that is asked for is no relevant data for this city.
| Asking rent | Bedrooms |
|---|---|
| no relevant data for this city | 5 |
| no relevant data for this city | 4 |
| no relevant data for this city | 3 |
| no relevant data for this city | 2 |
| WR15 | 1 |
A quick insight into Rightmove property Wolferlow
When contemplating an investment property, you can look at the figures of turnover, the number of sales there are every month in the area, and the population change over ten years. The below table is related to the city rather than the wider area of West Midlands. However, you can find data for the wider region here.
| Data for Wolferlow | Average for the UK | |
|---|---|---|
| Turnover | nan | 19% |
| Property sales per month | 4 | 576,000 |
| Population growth over 10 years | 7% | 6.5% |
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of West Midlands.
Frequently asked Questions
How much does the average property cost in Wolferlow according to Rightmove data?
At present, within the confines of Wolferlow, the mean price for houses listed for sale is £295,031.
When utilising Rightmove for finding property in Wolferlow, are there any charges to consider?
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.
Is there a lot of crime in the area of Wolferlow according to Rightmove?
In Wolferlow, the prevailing crime rate results in 5800% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
According to online listings, what’s the count of property transactions per month in Wolferlow?
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 4 as of recent data.
According to Rightmove, what’s the mean price of a three-bedroom property in Wolferlow?
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.
0 Comments