Looking for your next home or investment?

We partner with the best agents to help you find your dream house. We also partner with Strike to help you sell your property if you are moving out

Find your dream property:

See properties for sale

Sell your property with Strike:

Get a free valuation

Our customers trust our expertise

What is the property market like in Banff on Rightmove?

by | Jul 6, 2023

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

In this overview, we’ll delve into the Rightmove data for Banff, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are no relevant data for this city properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.

We help you find the right agent

At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Banff to help you find the perfect agent for you

Download the directory

Properties to Rent in Banff on Rightmove

Analysing the rate of education in Banff from Rightmove

When considering Banff, its population reaches 11123 individuals. It is useful to note that around no relevant data for this city of the residents have attained a higher level of education and the average household income in the area is no relevant data for this city. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.

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.

In Banff, in terms of affordable housing and social rent, what does Rightmove data show?

Through some digging, we found the level of social rent in the area. Currently, this figure is no relevant data for this city as the percentage of people who are leasing directly from the government. In the area of Banff, the average household income is no relevant data for this city too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.

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

In Banff, of the total number of licensed HMOs (no relevant data for this city) 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 Banff 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.

Will you be moving into somewhere with a lot of green space if you moved to Banff?

In Banff, the available data reveals that there are 22.7 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.

Properties for sale in Banff on Rightmove

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 Banff is talked about below and in the following headings.

How to invest in property in Banff using Rightmove data

In the area, average asking rents are around no relevant data for this city. This tends to differ depending on the size of the property you are buying and the number of rooms they have. You can read more about these metrics below. For reference, the yields in the area are no relevant data for this city.
Combining the data of yield with the price of rent can give you a good idea about the types of investments in the area. For instance, if a property has a low yield and also low rents, it is likely a lower return, single family buy to let in a less in demand area of Banff.

Average asking rent Number of bedrooms in house
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

What are properties sold for on average on Rightmove?

In the area of Banff in the UK, the average sold price of a property is around £142,079. 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 £209,460
Semi detached house £112,459
Terraced house £105,198
Flat £97,022

From Banff’s Rightmove data, what are the number of planning permission applications?

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 Banff, this number is no relevant data for this city every month and the success rate for planning permission is no relevant data for this city.
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 Banff, you may be able to do the same and make some money.

A deep dive into rental yield and how this impacts Banff

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

Exploring Banff’s real estate investment potential on Rightmove

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 Banff 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.

Frequently Asked Questions by Rightmove users

Uncover the typical property asking price in Banff through Rightmove data.

Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Banff, the mean selling price for houses in the area is £142,079. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.

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

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.

Is there a lot of crime in the area of Banff according to Rightmove?

In Banff, 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.

How many monthly property sales does Banff witness according to listing platforms?

no relevant data for this city properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to

On Rightmove, what is the average price of a three-bed property in Banff?

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.

Grab the latest property news, tailored for landlords

Viral, succinct and crucial information, straight to your inbox, every week

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.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *