It is a top-line gross yield, meaning no expenses are considered. The calculation used is (average_weekly_asking_rent * 52 / average_asking_price), expressed as a percentage. 3-bedroom properties for rent with 3-bedroom properties for sale. Yields are calculated by comparing only properties with the same number of bedrooms, e.g. Listings with obvious errors, where price or number or bedrooms appear out of range, are discarded. How often is the data updated?ĭuplicates from multiple sources are matched and reconciled as far as possible. No additional processes are applied to this data. The latest data covers the period up to, although some sales that took place before this date may still be added in the coming months. The default time period is up to 9 months back from today's date. You can customise the time period using the filter at the top of the view. The energy performance certificate database is updated monthly. The private paid data is updated once per month when released by the Land Registry, typically towards the end of each calendar month covering up to the end of the previous calendar month.
Due to the fact that not all properties sold have had an EPC and vagaries of addressing in the UK, we are not able to determine the square footage of all properties, but we can usually get sufficient coverage. We match the Land Registry data to EPC data provided by the MCHLG. How do you know the square footage of properties? Property "price paid" data provided by the Land Registry, and Energy Performance Certificate (EPC) data provided by Ministry of Housing, Communities & Local Government. The 80% range means that 80% of the listed properties fall inside this range. The average shown is the interquartile mean, a type of average that is insensitive to outliers while being its own distinct parameter. How is the raw data processed?ĭuplicates from multiple sources are matched and reconciled as far as possible. Once properties are removed from the portal, they are soon removed from this tab. This is a real-time market snapshot - the data covers currently listed properties.
Agents are sometimes known to inflate square footage, and this should be borne in mind as a weakness of this data. Although we cannot determine the square footage for all properties, we can usually get sufficient coverage. We use proprietary technology to read the square footage of properties from agent floorplans.
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