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 Barnwood, aiming to guide your investment decisions.
It’s worth noting that currently, 42 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.
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What are the number of HMOs on Rightmove that are licenced in the area of Barnwood?
The average asking price for a House in Multiple Occupation (HMO) in Barnwood 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 Barnwood is £510 and there are also 14 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 Barnwood 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 Barnwood, this is 19.0. Compare this figure of 6 which is recommended to have and the data for Barnwood to tell how much green space is around.
Properties to Rent in Barnwood on Rightmove
Analysing the rate of education in Barnwood from Rightmove
Within the city of Barnwood, the population amounts to 47341 individuals. Among these residents, it is notable that approximately 22% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £44,206.06. 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.
In Barnwood, 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 Barnwood rely on government rent and the average household income in the district is £44,206.06.
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.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Properties for sale in Barnwood on Rightmove
From Barnwood’s Rightmove data, 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 Barnwood, people plan to make modifications to their properties and apply for planning permission with a planning success rate of 84%.
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 13 monthly planning applications in Barnwood, 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.
Looking to buy a house? Rightmove offers a diverse selection of properties for sale. Some of these listings are sold to homeowners and some are sold to investors looking to make a return. Check out more data related to properties for sale in other areas by checking out our list of properties that are for sale throughout the UK if you are interested in comparing Barnwood to other regions.
Exploring Barnwood’s real estate investment potential on Rightmove
When contemplating an investment property, you can look at the figures of turnover, the number of sales there are every month in the area, and the population change over ten years. The below table is related to the city rather than the wider area of South West. However, you can find data for the wider region here.
Data for Barnwood | Average for the UK | |
---|---|---|
Turnover | nan | 19% |
Property sales per month | 42 | 576,000 |
Population growth over 10 years | 8% | 6.5% |
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of South West.
How Rightmove listings in Barnwood help you make an investment
In Barnwood, the average asking rent in the area is £1,017 and there is a table below that goes over the asking rent for every type of property there is. Also, in Barnwood, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
Number of bedrooms | Average asking rent |
---|---|
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 | GL4 |
A deep dive into rental yield and how this impacts Barnwood
A serious investor will know what yield is and how to work it out. The formula is true for Barnwood and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Barnwood the figure is £0.
This £0 as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.
What is a commons purchase price for property on Rightmove?
In the area of Barnwood in the UK, the average sold price of a property is around £224,712. 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 | £326,075 |
Semi detached house | £207,651 |
Terraced house | £175,225 |
Flat | £125,865 |
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