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 Bassett so you can make the best decisions and make money on your property purchases. Getting involved in one of the 34 property deals that come off the market each month.
Properties to Rent in Bassett on Rightmove
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Bassett’s demographics and income insights based on Rightmove data
In the city of Bassett, the population is 66270. Out of all of these people, it is worth noting the education level. 25% have a degree (a higher level educational degree). Also, the average household income of the area is £50,882.35. 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.
What is the level of Rightmove affordable housing and social rent in Bassett?
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, 12% of individuals in Bassett rely on government rent and the average household income in the district is £50,882.35.
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.
Home listings in Bassett on the platform of Rightmove
How Rightmove listings in Bassett help you make an investment
In Bassett, the average asking rent in the area is £1,075 and there is a table below that goes over the asking rent for every type of property there is. Also, in Bassett, 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|
|2||no relevant data for this city|
What is a commons purchase price for property on Rightmove?
The average sold price of properties in Bassett, UK, available on Rightmove is £246,260. 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|
In Bassett, what are the number of planning permission applications on Rightmove?
In the UK, planning applications result in a success rate of 82% most of the time. In Bassett, 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 18 monthly planning applications in Bassett, 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.
The greater the number of sales per month in the area of Bassett, 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.
A look into Rightmove’s Bassett property as an Investment
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 34. 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 Bassett it is 1.17. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 9%. So, you can make of that as you will.
A deep dive into rental yield and how this impacts Bassett
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 Bassett, there is an average of £0 for rental yield.
Bassett 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.
Will you be moving into somewhere with a lot of green space if you moved to Bassett?
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 Bassett, this is 30.9. Compare this figure of 6 which is recommended to have and the data for Bassett to tell how much green space is around.
What are the number of HMOs on Rightmove that are licenced in the area of Bassett?
In Bassett, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Bassett is currently £546, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
Frequently asked Questions
Uncover the typical property asking price in Bassett through Rightmove data.
At present, within the confines of Bassett, the mean price for houses listed for sale is £246,260.
On Rightmove, are there any hidden costs when searching for property in the city of Bassett?
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.
Based on Rightmove’s information, what’s the level of criminal activity in the Bassett area?
The ongoing crime rate in Bassett indicates 13500% instances for every 1000 citizens.
According to online listings, what’s the count of property transactions per month in Bassett?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 34. To learn more about houses for sale and why this data is important
What’s the usual price range for a three-bedroom property on Rightmove in Bassett?
The average price for a property that has three bedrooms is £1,101. This can be compared to average property prices