Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Ballinger Common, aiming to guide your investment decisions.
It’s worth noting that currently, 7 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
On Rightmove, how are properties listed for sale?
On average and according to Rightmove data, what do properties sell for?
In the area of Ballinger Common in the UK, the average sold price of a property is around £588,262. This is based on the average of all of the types of property listed on Rightmove and other listing platforms. Take a look below to see how this average is made up:
|Type of property||Average sold price|
|Semi detached house||£518,676|
In Ballinger Common, analysing Rightmove, what are the number of planning permission applications?
In the UK, planning applications result in a success rate of 82% most of the time. In Ballinger Common, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.
This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 10 monthly planning applications in Ballinger Common, property here is more difficult to conduct improvements on.
If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.
If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.
The greater the number of sales per month in the area of Ballinger Common, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.
Exploring Ballinger Common’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 7 properties are sold each month), you can work out the turnover too, which is nan in Ballinger Common.
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 9%. Also comparing this data to an area slightly bigger, such as East of England by visiting our page for this, you can find additional data to help you on your search too.
A deep dive into rental yield and how this impacts Ballinger Common
Rental yield in Ballinger Common is £0 as of 2023. However, this is not to say that there are not higher yields out there. When the economy was favourable for property in 2018. Yields were as high as 11% in places like Sheffield in some cases. However, an average, yet respectable figure you can expect from a property in the UK is around 4.4% so you can compare Ballinger Common’s yield of £0 to see if you are above or below.
It is useful to note that even though a property may have a below average rental yield, it can still benefit from capital appreciation over time and this profit can be taken when the property is sold.
Property investment opportunities presented on Rightmove in the city of Ballinger Common
There is a fair amount of insight that you can gather from the city of Ballinger Common 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, £0 is the average rental yield and the average asking rent is £2,141.
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|
|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|
Properties to Rent in Ballinger Common on Rightmove
In Ballinger Common, in terms of affordable housing and social rent, what does Rightmove data show?
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: 2%. Also, in Ballinger Common, the average amount that people earn per household is £54,564.44. 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.
How to examine income data from Rightmove for Ballinger Common
In the city of Ballinger Common, the population stands at 11956 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 41% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £54,564.44. 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.
Will you be moving into somewhere with a lot of green space if you moved to Ballinger Common?
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 Ballinger Common, the available data reveals that there are 24.2 acres of green space per thousand residents. For health reasons, there should be 6 acres.
What are the number of HMOs on Rightmove that are licenced in the area of Ballinger Common?
The average asking price for a House in Multiple Occupation (HMO) in Ballinger Common 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 Ballinger Common 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 questions are asked most frequently?
Discover the mean property value in Ballinger Common as reported on Rightmove.
The average property price for the UK currently stands at £286,000. In the local area of Ballinger Common, the average price of a house for sale in the area is £588,262
When utilising Rightmove for finding property in Ballinger Common, are there any charges to consider?
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 substantial criminal activity in the area around Ballinger Common as indicated by Rightmove?
In Ballinger Common, the prevailing crime rate results in 3700% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
In Ballinger Common, how many sales per month are there according to 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 7 as of recent data.
What’s the average cost of a three-bedroom property in Ballinger Common as per Rightmove data?
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.