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What is the property market like in Balnamoon on Rightmove?

by | Jul 6, 2023

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

Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Balnamoon and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the no relevant data for this city number of properties that are sold.

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Home listings in Balnamoon on the platform of Rightmove

Exploring Balnamoon’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 no relevant data for this city properties are sold each month), you can work out the turnover too, which is no relevant data for this city in Balnamoon.



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 1%. Also comparing this data to an area slightly bigger, such as Scotland by visiting our page for this, you can find additional data to help you on your search too.

How to invest in property in Balnamoon using Rightmove data

Rightmove data can tell you a lot about the average asking rents of the area of Balnamoon. 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.

Asking rent Bedrooms
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
no relevant data for this city 1

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

In Balnamoon, 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 Balnamoon, people plan to make modifications to their properties and apply for planning permission with a planning success rate of no relevant data for this city.

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 no relevant data for this city monthly planning applications in Balnamoon, 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.

Linking rental yields with Rightmove property listings in Balnamoon

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

On average and according to Rightmove data, what do properties sell for?

In the area of Balnamoon in the UK, the average sold price of a property is around £130,582. 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
detached house £234,832
Semi detached house £142,441
Terraced house £102,001
Flat £70,103

From Rightmove listings, what is the availability of green space in Balnamoon

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 Balnamoon, 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 Balnamoon on Rightmove?

The average asking price for a House in Multiple Occupation (HMO) in Balnamoon 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 Balnamoon is no relevant data for this city and there are also no relevant data for this city 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.

Properties to Rent in Balnamoon on Rightmove

What is the level of Rightmove affordable housing and social rent in Balnamoon?

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 Balnamoon, 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.

If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.

Analysing the rate of education in Balnamoon from Rightmove

Within the city of Balnamoon, the population amounts to 10979 individuals. Among these residents, it is notable that approximately no relevant data for this city hold a higher-level educational degree. Furthermore, the average household income in the area stands at no relevant data for this city. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.

FAQ

How much does the average property cost in Balnamoon according to Rightmove data?

At present, within the confines of Balnamoon, the mean price for houses listed for sale is £130,582.

Are there any undisclosed expenses associated with property searches on Rightmove within Balnamoon?

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.

Based on Rightmove’s information, what’s the level of criminal activity in the Balnamoon area?

The Balnamoon community presently experiences a crime rate where no relevant data for this city 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’s the frequency of property sales per month in Balnamoon as reported by listing portals?

To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to no relevant data for this city. To learn more about houses for sale and why this data is important

What’s the usual price range for a three-bedroom property on Rightmove in Balnamoon?

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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