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What is the property market like in Bacup on Rightmove?

by | Jul 6, 2023

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

15 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.
Bacup 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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Properties to Rent in Bacup on Rightmove

What is the outlook for social rent and affordable housing according to Rightmove in Bacup?

If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 7% of individuals in Bacup rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £38,011.63. Most people in the Uk earn around £34,000 which is convenient for comparison.

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

How to examine income data from Rightmove for Bacup

In the city of Bacup, the population stands at 15293 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 19% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £38,011.63. 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.

Home listings in Bacup on the platform of Rightmove

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 Bacup to other regions.

A deep dive into rental yield and how this impacts Bacup

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 Bacup, there is an average of no relevant data for this city for rental yield.
Bacup 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?

By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Bacup. With an overall sold price of approximately £128,818, 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 no relevant data for this city
Terraced house £84,128
Semi-detached house £135,632
detached house £212,028

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

On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Bacup, this number is 5 every month and the success rate for planning permission is nan.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Bacup, you may be able to do the same and make some money.

How can property investments be made using Rightmove data?

There is a fair amount of insight that you can gather from the city of Bacup by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, no relevant data for this city is the average rental yield and the average asking rent is no relevant data for this city.

The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a

section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.


Number of bedrooms Average asking rent
1 OL13
2 no relevant data for this city
3 no relevant data for this city
4 no relevant data for this city
5 no relevant data for this city


Exploring Bacup’s real estate investment potential on Rightmove

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 15 properties are sold each month), you can work out the turnover too, which is nan in Bacup.



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 5%. Also comparing this data to an area slightly bigger, such as North West by visiting our page for this, you can find additional data to help you on your search too.

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

Currently, the number of licensed HMOs stands at nan that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is no relevant data for this city.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Bacup. Understanding where is best to rent in Bacup involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.

By analysing Rightmove in Bacup, is there a lot of green, outdoor space?

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 Bacup, the available data reveals that there are 15.7 acres of green space per thousand residents. For health reasons, there should be 6 acres.

What are some frequently asked questions?

In the city of Bacup, what is the median property price?

In Bacup, the mean price for residential properties up for sale is £128,818. The mean price for the average property valuation across the UK is £286,000.

Does exploring properties on Rightmove within Bacup come with any fees you may not be aware of?

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.

According to Rightmove data, how prevalent is crime in Bacup’s vicinity?

The Bacup community presently experiences a crime rate where 13300% 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.

What are the house sales per month in Bacup?

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 15 as of recent data.

What’s the average cost of a three-bedroom property in Bacup 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

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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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