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 Bath so you can make the best decisions and make money on your property purchases. Getting involved in one of the 27 property deals that come off the market each month.
On Rightmove in Bath, what properties are available to rent?
What is the Rightmove data regarding social rent and affordable housing in Bath?
It is well researched and understood that humans like to associate themself with similar people and this is why it’s important to find an area where people are earning a similar amount to you. The percentage of people who are renting from the government is 4% in Bath. And they have an average household income of £42,548.61. If you think these numbers are similar to your financial situation or reflect an area you want to live in, then this is a good sign.
Understanding education levels in the area of Bath
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 £42,548.61 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.
Bath’s demographics also reveal a population of 114142 individuals and a percentage of people with degrees falling at 42%. 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.
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.
How much outdoor space is there in Bath?
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 Bath, the available data reveals that there are 20.1 acres of green space per thousand residents. For health reasons, there should be 6 acres.
In the city of Bath, regarding Rightmove, what would it look like living in a HMO?
Currently, the number of licensed HMOs stands at nan that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is £639.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Bath. Understanding where is best to rent in Bath involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
On Rightmove, how are properties listed for sale?
Average sold prices of properties on Rightmove
In the area of Bath in the UK, the average sold price of a property is around £409,504. 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|
|Semi detached house||£410,940|
A deep dive into rental yield and how this impacts Bath
Rental yield in Bath is £0 as of 2023. However, this is not to say that there are not higher yields out there. When the economy was favourable for property in 2018. Yields were as high as 11% in places like Sheffield in some cases. However, an average, yet respectable figure you can expect from a property in the UK is around 4.4% so you can compare Bath’s yield of £0 to see if you are above or below.
It is useful to note that even though a property may have a below average rental yield, it can still benefit from capital appreciation over time and this profit can be taken when the property is sold.
In Bath, analysing Rightmove, what are the number of planning permission applications?
The city of Bath, according to Rightmove listings, has a commendable planning success rate of nan and there are around 27 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Bath.
A look into Rightmove’s Bath 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 South West. However, you can find data for the wider region here.
|Data for Bath||Average for the UK|
|Property sales per month||27||576,000|
|Population growth over 10 years||13%||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.
Property investment opportunities presented on Rightmove in the city of Bath
In the area, average asking rents are around £1,473. This tends to differ depending on the size of the property you are buying and the number of rooms they have. You can read more about these metrics below. For reference, the yields in the area are £0.
Combining the data of yield with the price of rent can give you a good idea about the types of investments in the area. For instance, if a property has a low yield and also low rents, it is likely a lower return, single family buy to let in a less in demand area of Bath.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||5|
The greater the number of sales per month in the area of Bath, 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.
In the city of Bath, what is the median property price?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Bath, the mean selling price for houses in the area is £409,504. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
In the process of property hunting on Rightmove in Bath, do hidden costs come into play?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
Based on Rightmove’s information, what’s the level of criminal activity in the Bath area?
In Bath, the prevailing crime rate results in 9200% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What’s the frequency of property sales per month in Bath as reported by listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 27 properties are being sold every month.
On Rightmove, what is the average price of a three-bed property in Bath?
The average price for a property that has three bedrooms is £1,623. This can be compared to average property prices