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 Bar Hill, aiming to guide your investment decisions.
It’s worth noting that currently, 6 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.
In Bar Hill, what does the property sales data look like based on Rightmove?
Linking rental yields with Rightmove property listings in Bar Hill
Bar Hill averages at £0 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 £0 in Bar Hill, is worked out by dividing the net rental income of a property by the purchase price.
How to invest in property in Bar Hill using Rightmove data
In the area, average asking rents are around £1,709. 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 £0.
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 Bar Hill.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||5|
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On average and according to Rightmove data, what do properties sell for?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Bar Hill. With an overall sold price of approximately £551,072, 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|
In Bar Hill, analysing Rightmove, 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 Bar Hill, this number is 6 every month and the success rate for planning permission is 98%.
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 Bar Hill, you may be able to do the same and make some money.
The greater the number of sales per month in the area of Bar Hill, 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 Bar Hill’s real estate investment potential on Rightmove
When considering buying a house for an investment in the area of East of England, 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 6. 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 Bar Hill it is nan. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 5%. So, you can make of that as you will.
How many HMOs are licenced in the city of Bar Hill on Rightmove?
The average asking price for a House in Multiple Occupation (HMO) in Bar Hill 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 Bar Hill is £684 and there are also 65 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.
From Rightmove listings, what is the availability of green space in Bar Hill
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 Bar Hill, the available data reveals that there are 18.0 acres of green space per thousand residents. For health reasons, there should be 6 acres.
According to Rightmove data from Bar Hill, what properties are renting?
How to examine income data from Rightmove for Bar Hill
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 £47,861.29 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.
Bar Hill’s demographics also reveal a population of 16058 individuals and a percentage of people with degrees falling at 58%. 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.
What is the Rightmove data regarding social rent and affordable housing in Bar Hill?
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: 16%. Also, in Bar Hill, the average amount that people earn per household is £47,861.29. 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.
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.
What questions are asked most frequently?
What is the average property price in Bar Hill on Rightmove?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Bar Hill, the mean selling price for houses in the area is £551,072. 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.
In the process of property hunting on Rightmove in Bar Hill, do hidden costs come into play?
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.
Based on Rightmove’s information, what’s the level of criminal activity in the Bar Hill area?
The Bar Hill community presently experiences a crime rate where 4700% 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 Bar Hill as reported by listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 6 properties are being sold every month.
On Rightmove, how much does a three-bed property typically cost in Bar Hill?
The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.