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 Barley so you can make the best decisions and make money on your property purchases. Getting involved in one of the 32 property deals that come off the market each month.
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 Barley to help you find the perfect agent for you
In Barley, what does the property sales data look like based on Rightmove?
A quick insight into Rightmove property Barley
When considering buying a house for an investment in the area of North West, 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 32. 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 Barley it is 0.92. 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.
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 Barley is talked about below and in the following headings.
A closer look at rental yield on Rightmove in Barley
Barley 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 Barley, is worked out by dividing the net rental income of a property by the purchase price.
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 Barley. With an overall sold price of approximately £135,778, 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 |
---|---|
Flat | £75,755 |
Terraced house | £84,885 |
Semi-detached house | £142,633 |
detached house | £229,820 |
How can property investments be made using Rightmove data?
In the area, average asking rents are around £528. 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 Barley.
Average asking rent | Number of bedrooms in house |
---|---|
no relevant data for this city | 5 |
no relevant data for this city | 4 |
£557 | 3 |
no relevant data for this city | 2 |
BB12 | 1 |
In terms of the number of planning permission applications on Rightmove, what should there be in Barley?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Barley, the people who own homes in this area have a rate of planning success of nan. Individuals usually seek to modify their properties and apply for planning permission whenever they are trying to increase the value of a home.
This means investors should take note of this data in Barley. An above-average success rate indicates that property renovations have been proven to work and are repeatable or it could mean that a lot of the properties in the area are very simple in design. This presents an opportunity for investors to assess successful strategies in the area and adopt similar approaches and of the 9 that take place each month, this is likely the case a lot of the time.
On Rightmove in Barley, what properties are available to rent?
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Barley’s demographics and income insights based on Rightmove data
In the city of Barley, the population stands at 34620 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 21% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £38,011.63. 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.
In Barley, here’s what Rightmove data says about social rent and affordable housing
Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 7% of individuals in Barley rely on government rent and the average household income in the district is £38,011.63.
Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.
If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.
On Rightmove and in Barley, how many HMOs are licenced?
The average asking price for a House in Multiple Occupation (HMO) in Barley 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 Barley is £409 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.
How much green space do properties have in Barley according to Rightmove?
Green space is something that is recommended to everyone to have but then again, it is often compromised in a lot of locations. For instance, in cities, the amount of green space is often well below the recommended figure of 6 acres of green space for every thousand people. In Barley, this is 15.7. Compare this figure of 6 which is recommended to have and the data for Barley to tell how much green space is around.
What are some frequently asked questions?
What is the average property price in Barley on Rightmove?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Barley, the mean selling price for houses in the area is £135,778. 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.
When utilising Rightmove for finding property in Barley, 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 Barley as indicated by Rightmove?
The current crime rate in Barley is such that 12600% incidents are recorded for every 1000 residents.
How many monthly property sales does Barley witness according to listing platforms?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 32. To learn more about houses for sale and why this data is important
On Rightmove, how much does a three-bed property typically cost in Barley?
Properties with three bedrooms command an average asking price of £557. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.
0 Comments