20 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Barway contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.
In Barway, what does the property sales data look like based on Rightmove?
A look into Rightmove’s Barway property as an Investment
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 East of England. However, you can find data for the wider region here.
|Data for Barway||Average for the UK|
|Property sales per month||20||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 East of England.
In Barway, 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 Barway, 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 16 monthly planning applications in Barway, 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 Barway to other regions.
Property investment opportunities presented on Rightmove in Barway
Based on Rightmove, there is a lot of data you can gather about Barway 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 £1,057. 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 CB7, for a two bed is, no relevant data for this city, a three bed is £1,084. Finally, a four bed average asking price is £1,345, 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.
Barway’s rental yield on Rightmove explained
Rental yield is simply the annual amount of rent that is made from a property after expenses calculated as a percentage. As of 2023, the yield of Barway is £0.
It is a wise idea to compare this figure to the rest of the UK. Areas with extremely high yields can get as high as 10% but on the low end where property is very expensive such as in Chelsea, London, yields can be as low as 1%. So use the figure of £0 for comparison.
Usually, when looking to invest in Barway, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
In the area, using Rightmove data, what are most people selling their property for?
Using Rightmove, there is an average sold price of property that is £289,204 in Barway. 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|
From Rightmove listings, what is the availability of green space in Barway
In Barway, the available data reveals that there are 18.0 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.
On Rightmove and in Barway, how many HMOs are licenced?
When it comes to renting in Barway, 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 £562 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 Barway, giving you an idea of the variety and options available in the market.
According to Rightmove data from Barway, what properties are renting?
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
In Barway, 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, 6% of individuals in Barway rely on government rent and the average household income in the district is £47,861.29.
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.
Understanding education levels in the area of Barway
When considering Barway, its population reaches 26687 individuals. It is useful to note that around 28% of the residents have attained a higher level of education and the average household income in the area is £47,861.29. 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.
What are some frequently asked questions?
Discover the mean property value in Barway as reported on Rightmove.
At present, within the confines of Barway, the mean price for houses listed for sale is £289,204.
When utilising Rightmove for finding property in Barway, are there any charges to consider?
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 Barway area?
The ongoing crime rate in Barway indicates 73 instances for every 1000 citizens.
According to online listings, what’s the count of property transactions per month in Barway?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 20 properties are being sold every month.
According to Rightmove, what’s the mean price of a three-bedroom property in Barway?
The average price for a property that has three bedrooms is £1,084. This can be compared to average property prices