19 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Beddington Corner contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.
A list of properties for Sale in Beddington Corner on Rightmove
In Beddington Corner, analysing Rightmove, what are the number of planning permission applications?
Applying for planning permission in Beddington Corner is something landlords tend to do if they want to add some value to their home. As of this month, there were 29 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is 81% and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Beddington Corner too, there is a decent amount of opportunity to buy, renovate and make a profit.
Beddington Corner’s rental yield on Rightmove explained
A serious investor will know what yield is and how to work it out. The formula is true for Beddington Corner and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Beddington Corner the figure is £0.
This £0 as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.
Property investment opportunities presented on Rightmove in the city of Beddington Corner
Rightmove data can tell you a lot about the average asking rents of the area of Beddington Corner. For example, the table below goes over how rents are distributed according to the number of rooms in the property. Also, the national figure for rental yield that is most common is 4.4%. The £0 which is the average yield of rent in the area can be compared for reference.
Read on to see what kind of rent you are looking to charge if you bought a property to see what size is best. Bear in mind as you do so that the average amount of rent that is asked for is £1,682.
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Average sold prices of properties on Rightmove
Using Rightmove, there is an average sold price of property that is £385,202 in Beddington Corner. 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.
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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 Beddington Corner is talked about below and in the following headings.
A quick insight into Rightmove property Beddington Corner
In the area of Beddington Corner, Rightmove records consistent sales of 19 properties each month, generating an average yearly turnover of 1.05. This turnover is just from property sales relative to the properties that there already are and 4% is the population change over ten years.
All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.
Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of Greater London by looking at further houses for sale here.
On Rightmove in Beddington Corner, what properties are available to rent?
What is the outlook for social rent and affordable housing according to Rightmove in Beddington Corner?
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: 24%. Also, in Beddington Corner, the average amount that people earn per household is £54,216.99. 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.
Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.
Beddington Corner’s demographics and income insights based on Rightmove data
In the city of Beddington Corner, the population stands at 58286 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 26% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £54,216.99. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.
How many HMOs are licenced in the city of Beddington Corner on Rightmove?
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 Beddington Corner.
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 Beddington Corner, there are 186 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 £733.
How much outdoor space is there in Beddington Corner?
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 Beddington Corner, this is 13.1. Compare this figure of 6 which is recommended to have and the data for Beddington Corner to tell how much green space is around.
Frequently asked Questions
Uncover the typical property asking price in Beddington Corner through Rightmove data.
In Beddington Corner, the mean price for residential properties up for sale is £385,202. The mean price for the average property valuation across the UK is £286,000.
On Rightmove, are there any hidden costs when searching for property in the city of Beddington Corner?
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)
According to Rightmove data, how prevalent is crime in Beddington Corner’s vicinity?
In Beddington Corner, the prevailing crime rate results in 10900% 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 Beddington Corner witness according to listing platforms?
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 19. 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.
What’s the average cost of a three-bedroom property in Beddington Corner as per Rightmove data?
The mean asking price for a property featuring three bedrooms stands at £1,723.