In this overview, we’ll delve into the Rightmove data for Basingstoke, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 23 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
Properties to Rent in Basingstoke on Rightmove
Looking to rent? Find the most valuable data points for the process of renting below. See our full list of areas in the UK with data from Rightmove if you want to compare these rents to other areas in the UK.
What is the Rightmove data regarding social rent and affordable housing in Basingstoke?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 21% of individuals in Basingstoke 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 £50,882.35. Most people in the Uk earn around £34,000 which is convenient for comparison.
Analysing the rate of education in Basingstoke from Rightmove
If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £50,882.35 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Basingstoke’s demographics also reveal a population of 26624 individuals and a percentage of people with degrees falling at 29%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.
In Basingstoke, what does the property sales data look like based on Rightmove?
An overview of Basingstoke property in Rightmove from an investment perspective
When considering buying a house for an investment in the area of South East, 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 23. 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 Basingstoke it is 1.32. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 7%. So, you can make of that as you will.
In terms of the number of planning permission applications on Rightmove, what should there be in Basingstoke?
On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Basingstoke, this number is 8 every month and the success rate for planning permission is 93%.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Basingstoke, you may be able to do the same and make some money.
Every month, properties are sold on the platform of Rightmove in Basingstoke and you can explore the topics below related to sales that give you an overview of the market.
What are properties sold for on average on Rightmove?
The average sold price of properties in Basingstoke, UK, available on Rightmove is £254,216. 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|
Basingstoke’s rental yield on Rightmove explained
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 Basingstoke, there is an average of £0 for rental yield.
Basingstoke 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.
How can property investments be made using Rightmove data?
In Basingstoke, the average asking rent in the area is £1,083 and there is a table below that goes over the asking rent for every type of property there is. Also, in Basingstoke, 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|
On Rightmove and in Basingstoke, how many HMOs are licenced?
Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Basingstoke.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Basingstoke, there are 35 for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at £562.
By analysing Rightmove in Basingstoke, is there a lot of green, outdoor space?
Green space is a vital element that is often compromised in different locations, hindering its availability. For instance, urban areas frequently fall short of the recommended benchmark of 6 acres of green space per thousand people. In Basingstoke, the available data reveals that there are 30.9 acres of green space per thousand residents. For health reasons, there should be 6 acres.
What questions are asked most frequently?
In the city of Basingstoke, what is the median property price?
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Basingstoke, the average cost of a home available for purchase is £254,216. You can compare these figures to see how far away this city is from the average.
When utilising Rightmove for finding property in Basingstoke, 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 Basingstoke area?
In Basingstoke, the prevailing crime rate results in 15900% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
How many monthly property sales does Basingstoke witness according to listing platforms?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 23 properties are being sold every month.
According to Rightmove, what’s the mean price of a three-bedroom property in Basingstoke?
The average cost to rent a property with three bedrooms is £1,195. This can be weighed against the average property price trends.