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What is the property market like in Bedford on Rightmove?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What is the property market like in Bedford on Rightmove?

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 Bedford so you can make the best decisions and make money on your property purchases. Getting involved in one of the 25 property deals that come off the market each month.

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On Rightmove, how are properties listed for sale?

In Bedford, analysing Rightmove, what are the number of planning permission applications?

On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Bedford, this number is 19 every month and the success rate for planning permission is nan.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Bedford, you may be able to do the same and make some money.

What is a commons purchase price for property on Rightmove?

By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Bedford. With an overall sold price of approximately £305,826, 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
Flat £157,423
Terraced house £236,480
Semi-detached house £283,437
detached house £410,052

How Rightmove listings in Bedford help you make an investment

Rightmove data can tell you a lot about the average asking rents of the area of Bedford. 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 £1,067.

Asking rent Bedrooms
no relevant data for this city 5
no relevant data for this city 4
£1,004 3
£788 2
MK40 1

Linking rental yields with Rightmove property listings in Bedford

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 Bedford 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 Bedford, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.

Looking to buy a house? Rightmove offers a diverse selection of properties for sale. Some of these listings are sold to homeowners and some are sold to investors looking to make a return. Check out more data related to properties for sale in other areas by checking out our list of properties that are for sale throughout the UK if you are interested in comparing Bedford to other regions.

A quick insight into Rightmove property Bedford

In the area of Bedford, Rightmove records consistent sales of 25 properties each month, generating an average yearly turnover of 1.6. This turnover is just from property sales relative to the properties that there already are and 10% 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 West Midlands by looking at further houses for sale here.

How much outdoor space is there in Bedford?

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 Bedford, the available data reveals that there are 24.5 acres of green space per thousand residents. For health reasons, there should be 6 acres.

On Rightmove and in Bedford, how many HMOs are licenced?

The average asking price for a House in Multiple Occupation (HMO) in Bedford 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 Bedford is £549 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.

According to Rightmove data from Bedford, what properties are renting?

How to examine income data from Rightmove for Bedford

In the city of Bedford, the population is 177600. Out of all of these people, it is worth noting the education level. 28% have a degree (a higher level educational degree). Also, the average household income of the area is £47,240.91. 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 Bedford?

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: 13%. Also, in Bedford, the average amount that people earn per household is £47,240.91. 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.

FAQ

In the city of Bedford, what is the median property price?

The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Bedford, the average cost of a home available for purchase is £305,826. You can compare these figures to see how far away this city is from the average.

Are there any undisclosed expenses associated with property searches on Rightmove within Bedford?

Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.

Is there a lot of crime in the area of Bedford according to Rightmove?

In Bedford, the prevailing crime rate results in 103.3333333 occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.

In Bedford, how many sales per month are there according to listing portals?

To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 25 as of recent data.

On Rightmove, what is the average price of a three-bed property in Bedford?

The average price for a property that has three bedrooms is £1,004. This can be compared to average property prices

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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