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 Basildon so you can make the best decisions and make money on your property purchases. Getting involved in one of the 10 property deals that come off the market each month.
How much green space do properties have in Basildon according to Rightmove?
In Basildon, the available data reveals that there are 27.0 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.
According to Rightmove data in Basildon, is it worth moving into a HMO?
When it comes to renting in Basildon, 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 no relevant data for this city 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 Basildon, giving you an idea of the variety and options available in the market.
According to Rightmove data from Basildon, what properties are renting?
What is the level of Rightmove affordable housing and social rent in Basildon?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 3% of individuals in Basildon rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £45,160.56. Most people in the Uk earn around £34,000 which is convenient for comparison.
Basildon’s demographics and income insights based on Rightmove data
In the city of Basildon, the population is 179535. Out of all of these people, it is worth noting the education level. 19% have a degree (a higher level educational degree). Also, the average household income of the area is £45,160.56. This is important to understand for renters as if the degree level is above the average of 22.6%, your neighbours will likely be higher earners. This is not always the case and there are still other factors that determine the quality of your neighbours but taking a note of the degree is always useful.
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 Basildon on Rightmove
In terms of the number of planning permission applications on Rightmove, what should there be in Basildon?
The city of Basildon, according to Rightmove listings, has a commendable planning success rate of nan and there are around 19 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Basildon.
What are properties sold for on average on Rightmove?
The average sold price of properties in Basildon, UK, available on Rightmove is £346,059. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
|Category of property||Average price|
Every month, properties are sold on the platform of Rightmove in Basildon and you can explore the topics below related to sales that give you an overview of the market.
How can property investments be made using Rightmove data?
In Basildon, the average asking rent in the area is £1,247 and there is a table below that goes over the asking rent for every type of property there is. Also, in Basildon, 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|
A look into Rightmove’s Basildon property as an Investment
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 10. 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 Basildon 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 8%. So, you can make of that as you will.
A closer look at rental yield on Rightmove in Basildon
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Basildon, there is an average of £0 for rental yield.
Basildon can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.