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What is the property market like in Barnstaple on Rightmove?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What is the property market like in Barnstaple 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 Barnstaple 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 17 number of properties that are sold.

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According to Rightmove data from Barnstaple, what properties are renting?

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

It is well researched and understood that humans like to associate themself with similar people and this is why it’s important to find an area where people are earning a similar amount to you. The percentage of people who are renting from the government is 5% in Barnstaple. And they have an average household income of £39,730.00. If you think these numbers are similar to your financial situation or reflect an area you want to live in, then this is a good sign.

Understanding education levels in the area of Barnstaple

In the city of Barnstaple, the population stands at 23896 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 20% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £39,730.00. 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.

Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.

How much green space do properties have in Barnstaple according to Rightmove?

In Barnstaple, the available data reveals that there are 17.1 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.

How many HMOs are licenced in the city of Barnstaple on Rightmove?

When it comes to renting in Barnstaple, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is no relevant data for this city. This data is particularly valuable for individuals seeking affordable rental options or like the idea of renting with housemates. If you are looking for more of an expensive property, there are £546 HMO properties with an ensuite too. Contrary to what you may believe, not all HMOs have to be cramped with a lack of space. A HMO with an ensuite will mean you won’t have to come out of your room to use the bathroom, making things very convenient.
According to the most recent Rightmove data, there are a total of nan licensed HMOs in Barnstaple, giving you an idea of the variety and options available in the market.

A list of properties for Sale in Barnstaple on Rightmove

What is a commons purchase price for property on Rightmove?

Using Rightmove, there is an average sold price of property that is £224,232 in Barnstaple. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.

Property category Average price of property
Flat £116,688
Terraced house £177,662
Semi-detached house £213,945
detached house £325,942

A closer look at rental yield on Rightmove in Barnstaple

Rental yield in Barnstaple 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 Barnstaple’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.

How can property investments be made using Rightmove data?

Based on Rightmove, there is a lot of data you can gather about Barnstaple and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £721. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is EX32, for a two bed is, no relevant data for this city, a three bed is no relevant data for this city. Finally, a four bed average asking price is no relevant data for this city, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.

A quick insight into Rightmove property Barnstaple

As you delve into the property landscape of Barnstaple in the region of South West, Rightmove becomes an invaluable resource that provides data that can be looked at every month.



Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 17. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.



So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is nan. Every decade population change should also be considered. This figure stands at 5% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like South West.

The greater the number of sales per month in the area of Barnstaple, 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.

In Barnstaple, 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 Barnstaple, 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 9 monthly planning applications in Barnstaple, 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.

What are some frequently asked questions?

What is the average property price in Barnstaple on Rightmove?

The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Barnstaple, the average cost of a home available for purchase is £224,232. You can compare these figures to see how far away this city is from the average.

On Rightmove, are there any hidden costs when searching for property in the city of Barnstaple?

Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.

Is there substantial criminal activity in the area around Barnstaple as indicated by Rightmove?

The ongoing crime rate in Barnstaple indicates 9100% instances for every 1000 citizens.

According to online listings, what’s the count of property transactions per month in Barnstaple?

To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is 17. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.

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

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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