Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Beaumont Leys and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 41 number of properties that are sold.
According to Rightmove data from Beaumont Leys, what properties are renting?
Concerning Rightmove, what is the education level like in Beaumont Leys?
In the city of Beaumont Leys, the population is 96921. 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 £43,553.85. 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.
Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.
What is the Rightmove data regarding social rent and affordable housing in Beaumont Leys?
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: 20%. Also, in Beaumont Leys, the average amount that people earn per household is £43,553.85. 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.
In the city of Beaumont Leys, regarding Rightmove, what would it look like living in a HMO?
In Beaumont Leys, 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 Beaumont Leys is currently £497, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
From Rightmove listings, what is the availability of green space in Beaumont Leys
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 Beaumont Leys, this is 19.2. Compare this figure of 6 which is recommended to have and the data for Beaumont Leys to tell how much green space is around.
In Beaumont Leys, what does the property sales data look like based on Rightmove?
How to invest in property in Beaumont Leys using Rightmove data
There is a fair amount of insight that you can gather from the city of Beaumont Leys by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £860.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
|Number of bedrooms||Average asking rent|
|2||no relevant data for this city|
|5||no relevant data for this city|
Beaumont Leys’s rental yield on Rightmove explained
Rental yield in Beaumont Leys 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 Beaumont Leys’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 Beaumont Leys, analysing Rightmove, what are the number of planning permission applications?
In the UK, planning applications result in a success rate of 82% most of the time. In Beaumont Leys, 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 25 monthly planning applications in Beaumont Leys, 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.
An overview of Beaumont Leys property in Rightmove from an investment perspective
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 East Midlands. However, you can find data for the wider region here.
|Data for Beaumont Leys||Average for the UK|
|Property sales per month||41||576,000|
|Population growth over 10 years||11%||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 East Midlands.
Every month, properties are sold on the platform of Rightmove in Beaumont Leys and you can explore the topics below related to sales that give you an overview of the market.
Average sold prices of properties on Rightmove
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Beaumont Leys. With an overall sold price of approximately £213,789, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.
|Class of property||Average sale|
Frequently Asked Questions by Rightmove users
Uncover the typical property asking price in Beaumont Leys through Rightmove data.
The average property price for the UK currently stands at £286,000. In the local area of Beaumont Leys, the average price of a house for sale in the area is £213,789
Does exploring properties on Rightmove within Beaumont Leys come with any fees you may not be aware of?
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)
Does Rightmove data indicate a high occurrence of crime in the vicinity of Beaumont Leys?
The Beaumont Leys community presently experiences a crime rate where 102 infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
According to online listings, what’s the count of property transactions per month in Beaumont Leys?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 41. To learn more about houses for sale and why this data is important
According to Rightmove, what’s the mean price of a three-bedroom property in Beaumont Leys?
For properties encompassing three bedrooms, the typical asking price hovers around £909. This can be contrasted with the mean property valuations.