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 Backhill so you can make the best decisions and make money on your property purchases. Getting involved in one of the no relevant data for this city property deals that come off the market each month.
From Rightmove listings, what is the availability of green space in Backhill
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 Backhill, the available data reveals that there are 22.7 acres of green space per thousand residents. For health reasons, there should be 6 acres.
How many HMOs are licenced in the city of Backhill on Rightmove?
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 Backhill.
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 Backhill, there are no relevant data for this city 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.
Properties to Rent in Backhill on Rightmove
Analysing the rate of education in Backhill from Rightmove
In the city of Backhill, the population stands at 12590 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately no relevant data for this city of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to no relevant data for this city. 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.
What is the outlook for social rent and affordable housing according to Rightmove in Backhill?
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: no relevant data for this city. Also, in Backhill, the average amount that people earn per household is no relevant data for this city. 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.
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.
Properties for sale in Backhill on Rightmove
What are properties sold for on average on Rightmove?
When exploring the property market in Backhill, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £162,711, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
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It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Backhill is talked about below and in the following headings.
A quick insight into Rightmove property Backhill
When considering buying a house for an investment in the area of Scotland, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is no relevant data for this city. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Backhill it is no relevant data for this city. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 4%. So, you can make of that as you will.
In Backhill, what are the number of planning permission applications on Rightmove?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Backhill, the people who own homes in this area have a rate of planning success of no relevant data for this city. 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 Backhill. 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 no relevant data for this city that take place each month, this is likely the case a lot of the time.
Is it important to look at yield in Backhill in further detail?
Backhill averages at no relevant data for this city for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is no relevant data for this city in Backhill, is worked out by dividing the net rental income of a property by the purchase price.
How Rightmove listings in Backhill help you make an investment
Rightmove data can tell you a lot about the average asking rents of the area of Backhill. 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.
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What are some frequently asked questions?
In the city of Backhill, what is the median property price?
In Backhill, the mean price for residential properties up for sale is £162,711. The mean price for the average property valuation across the UK is £286,000.
On Rightmove, are there any hidden costs when searching for property in the city of Backhill?
Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Backhill?
In Backhill, the prevailing crime rate results in no relevant data for this city occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What’s the frequency of property sales per month in Backhill as reported by 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 no relevant data for this city as of recent data.
What’s the average cost of a three-bedroom property in Backhill as per Rightmove data?
The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices