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What is the property market like in Babworth on Rightmove?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What is the property market like in Babworth on Rightmove?

26 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.
Babworth 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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Home listings in Babworth on the platform of Rightmove

Exploring Babworth’s real estate investment potential on Rightmove

As you delve into the property landscape of Babworth in the region of East Midlands, Rightmove becomes an invaluable resource that provides data that can be looked at every month.



Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 26. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.



So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is 1.6. Every decade population change should also be considered. This figure stands at 5% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like East Midlands.

How can property investments be made using Rightmove data?

In the area, average asking rents are around £704. 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 Babworth.

Average asking rent Number of bedrooms in house
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
DN22 1

In the area, using Rightmove data, what are most people selling their property for?

By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Babworth. With an overall sold price of approximately £187,898, 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 £104,702
Terraced house £118,341
Semi-detached house £142,721
detached house £257,820

In terms of the number of planning permission applications on Rightmove, what should there be in Babworth?

Applying for planning permission in Babworth is something landlords tend to do if they want to add some value to their home. As of this month, there were 16 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 Babworth too, there is a decent amount of opportunity to buy, renovate and make a profit.

Every month, properties are sold on the platform of Rightmove in Babworth and you can explore the topics below related to sales that give you an overview of the market.

Linking rental yields with Rightmove property listings in Babworth

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 Babworth, there is an average of £0 for rental yield.
Babworth 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.

On Rightmove in Babworth, what properties are available to rent?

Analysing the rate of education in Babworth from Rightmove

In the city of Babworth, the population stands at 35936 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 23% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £40,508.70. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.

To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.

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

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: 6%. Also, in Babworth, the average amount that people earn per household is £40,508.70. 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 outdoor space is there in Babworth?

Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Babworth, the current data indicates that there are 22.6 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.

In the city of Babworth, regarding Rightmove, what would it look like living in a HMO?

The average asking price for a House in Multiple Occupation (HMO) in Babworth 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 Babworth is no relevant data for this city 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.

What are some frequently asked questions?

Uncover the typical property asking price in Babworth through Rightmove data.

The average property price for the UK currently stands at £286,000. In the local area of Babworth, the average price of a house for sale in the area is £187,898

When utilising Rightmove for finding property in Babworth, 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 substantial criminal activity in the area around Babworth as indicated by Rightmove?

The Babworth community presently experiences a crime rate where 10300% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.

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

To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 26. To learn more about houses for sale and why this data is important

On Rightmove, how much does a three-bed property typically cost in Babworth?

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.

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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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