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 Bayford so you can make the best decisions and make money on your property purchases. Getting involved in one of the 14 property deals that come off the market each month.
We help you find the right agent
At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Bayford to help you find the perfect agent for you
By analysing Rightmove in Bayford, is there a lot of green, outdoor space?
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 Bayford, this is 31.5. Compare this figure of 6 which is recommended to have and the data for Bayford to tell how much green space is around.
In the city of Bayford, regarding Rightmove, what would it look like living in a HMO?
The average asking price for a House in Multiple Occupation (HMO) in Bayford is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Bayford is £702 and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.
On Rightmove in Bayford, what properties are available to rent?
What is the level of Rightmove affordable housing and social rent in Bayford?
There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 7%. Also, in Bayford, the average amount that people earn per household is £50,545.24. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Analysing the rate of education in Bayford from Rightmove
Within the city of Bayford, the population amounts to 16263 individuals. Among these residents, it is notable that approximately 38% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £50,545.24. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.
Properties for sale in Bayford on Rightmove
Linking rental yields with Rightmove property listings in Bayford
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 Bayford 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 Bayford, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Bayford is talked about below and in the following headings.
How can property investments be made using Rightmove data?
Based on Rightmove, there is a lot of data you can gather about Bayford 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 £1,419. 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 SG13, for a two bed is, no relevant data for this city, a three bed is no relevant data for this city. Finally, a four bed average asking price is no relevant data for this city, 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.
In terms of the number of planning permission applications on Rightmove, what should there be in Bayford?
The city of Bayford, according to Rightmove listings, has a commendable planning success rate of nan and there are around 7 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Bayford.
A look into Rightmove’s Bayford 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 14. 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 Bayford 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 11%. So, you can make of that as you will.
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 £420,768 in Bayford. 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 |
---|---|
Flat | £296,080 |
Terraced house | £403,269 |
Semi-detached house | £498,527 |
detached house | £753,717 |
What questions are asked most frequently?
What is the average property price in Bayford on Rightmove?
At present, within the confines of Bayford, the mean price for houses listed for sale is £420,768.
Are there any undisclosed expenses associated with property searches on Rightmove within Bayford?
Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)
Is there a lot of crime in the area of Bayford according to Rightmove?
The ongoing crime rate in Bayford indicates 6800% instances for every 1000 citizens.
What’s the frequency of property sales per month in Bayford as reported by listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is 14. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
On Rightmove, how much does a three-bed property typically cost in Bayford?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.
0 Comments