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 Balerno 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.
In Balerno, what does the property sales data look like based on Rightmove?
In Balerno, what are the number of planning permission applications on Rightmove?
The city of Balerno, according to Rightmove listings, has a commendable planning success rate of nan and there are around no relevant data for this city that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Balerno.
A closer look at rental yield on Rightmove in Balerno
Balerno 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 Balerno, is worked out by dividing the net rental income of a property by the purchase price.
Exploring Balerno’s real estate investment potential on Rightmove
As you delve into the property landscape of Balerno in the region of Scotland, 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 no relevant data for this city. 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 no relevant data for this city. Every decade population change should also be considered. This figure stands at 12% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like Scotland.
Every month, properties are sold on the platform of Rightmove in Balerno and you can explore the topics below related to sales that give you an overview of the market.
Property investment opportunities presented on Rightmove in Balerno
In Balerno, the average asking rent in the area is no relevant data for this city and there is a table below that goes over the asking rent for every type of property there is. Also, in Balerno, the average yield of properties is no relevant data for this city. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
|Number of bedrooms||Average asking rent|
|5||no relevant data for this city|
|4||no relevant data for this city|
|3||no relevant data for this city|
|2||no relevant data for this city|
|1||no relevant data for this city|
What are properties sold for on average on Rightmove?
When exploring the property market in Balerno, 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 £240,538, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Property type||Average selling point|
In the city of Balerno, regarding Rightmove, what would it look like living in a HMO?
In Balerno, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Balerno is currently no relevant data for this city, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
How much green space do properties have in Balerno according to Rightmove?
In Balerno, the available data reveals that there are 23.7 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.
According to Rightmove data from Balerno, what properties are renting?
Understanding education levels in the area of Balerno
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 no relevant data for this city 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.
Balerno’s demographics also reveal a population of 39720 individuals and a percentage of people with degrees falling at no relevant data for this city. 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.
Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.
In Balerno, here’s what Rightmove data says about social rent and affordable housing
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, no relevant data for this city of individuals in Balerno 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 no relevant data for this city. Most people in the Uk earn around £34,000 which is convenient for comparison.
Frequently asked Questions
Uncover the typical property asking price in Balerno through Rightmove data.
In Balerno, the mean price for residential properties up for sale is £240,538. The mean price for the average property valuation across the UK is £286,000.
In the process of property hunting on Rightmove in Balerno, do hidden costs come into play?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
Is there a lot of crime in the area of Balerno according to Rightmove?
The city of Balerno currently has a crime rate where for every 1000 people who live there no relevant data for this city commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
In Balerno, how many sales per month are there according to listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is no relevant data for this city. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
What’s the usual price range for a three-bedroom property on Rightmove in Balerno?
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