In this overview, we’ll delve into the Rightmove data for Beechwood, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 44 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
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In Beechwood, what property are people trying to rent on Rightmove?
What is the outlook for social rent and affordable housing according to Rightmove in Beechwood?
Through some digging, we found the level of social rent in the area. Currently, this figure is 19% as the percentage of people who are leasing directly from the government. In the area of Beechwood, the average household income is £38,361.54 too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.
Understanding education levels in the area of Beechwood
In the city of Beechwood, the population stands at 51569 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 17% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £38,361.54. 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.
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.
In the city of Beechwood, regarding Rightmove, what would it look like living in a HMO?
In Beechwood, 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 Beechwood is currently £507, 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 Beechwood
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 Beechwood, this is 24.7. Compare this figure of 6 which is recommended to have and the data for Beechwood to tell how much green space is around.
In Beechwood, what does the property sales data look like based on Rightmove?
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 Beechwood to other regions.
What is a commons purchase price for property on Rightmove?
The average sold price of properties in Beechwood, UK, available on Rightmove is £162,412. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
| Category of property | Average price |
|---|---|
| Flat | £105,089 |
| Terraced house | £135,482 |
| Semi-detached house | £175,790 |
| detached house | £251,789 |
In terms of the number of planning permission applications on Rightmove, what should there be in Beechwood?
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 Beechwood, this number is 10 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 Beechwood, you may be able to do the same and make some money.
A closer look at rental yield on Rightmove in Beechwood
Rental yield in Beechwood 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 Beechwood’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.
A quick insight into Rightmove property Beechwood
In the area of Beechwood, Rightmove records consistent sales of 44 properties each month, generating an average yearly turnover of 1.27. This turnover is just from property sales relative to the properties that there already are and 8% 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 Wales by looking at further houses for sale here.
Property investment opportunities presented on Rightmove in Beechwood
Rightmove data can tell you a lot about the average asking rents of the area of Beechwood. 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 £819.
| Asking rent | Bedrooms |
|---|---|
| no relevant data for this city | 5 |
| £955 | 4 |
| £836 | 3 |
| no relevant data for this city | 2 |
| NP19 | 1 |
Frequently asked Questions
Discover the mean property value in Beechwood as reported on Rightmove.
The average property price for the UK currently stands at £286,000. In the local area of Beechwood, the average price of a house for sale in the area is £162,412
On Rightmove, are there any hidden costs when searching for property in the city of Beechwood?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
According to Rightmove data, how prevalent is crime in Beechwood’s vicinity?
In Beechwood, the prevailing crime rate results in 14000% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What are the house sales per month in Beechwood?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 44. 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 Beechwood?
The mean asking price for a property featuring three bedrooms stands at £836.
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