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 Beeston 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 22 number of properties that are sold.
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 Beeston to help you find the perfect agent for you
How much outdoor space is there in Beeston?
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 Beeston, the available data reveals that there are 24.5 acres of green space per thousand residents. For health reasons, there should be 6 acres.
How many HMOs are licenced in the city of Beeston on Rightmove?
The average asking price for a House in Multiple Occupation (HMO) in Beeston 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 Beeston is £490 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, how are properties listed for sale?
On average and according to Rightmove data, what do properties sell for?
Using Rightmove, there is an average sold price of property that is £217,112 in Beeston. 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 | £140,373 |
| Terraced house | £168,033 |
| Semi-detached house | £218,406 |
| detached house | £314,603 |
In terms of the number of planning permission applications on Rightmove, what should there be in Beeston?
Applying for planning permission in Beeston is something landlords tend to do if they want to add some value to their home. As of this month, there were 8 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 nan 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 Beeston too, there is a decent amount of opportunity to buy, renovate and make a profit.
A closer look at rental yield on Rightmove in Beeston
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 Beeston 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 Beeston, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
A look into Rightmove’s Beeston property as an Investment
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 22 properties are sold each month), you can work out the turnover too, which is 1.13 in Beeston.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 11%. Also comparing this data to an area slightly bigger, such as East of England by visiting our page for this, you can find additional data to help you on your search too.
Every month, properties are sold on the platform of Rightmove in Beeston and you can explore the topics below related to sales that give you an overview of the market.
How Rightmove listings in Beeston help you make an investment
In the area, average asking rents are around £853. This tends to differ depending on the size of the property you are buying and the number of rooms they have. You can read more about these metrics below. For reference, the yields in the area are £0.
Combining the data of yield with the price of rent can give you a good idea about the types of investments in the area. For instance, if a property has a low yield and also low rents, it is likely a lower return, single family buy to let in a less in demand area of Beeston.
| Average asking rent | Number of bedrooms in house |
|---|---|
| no relevant data for this city | 5 |
| no relevant data for this city | 4 |
| £951 | 3 |
| £735 | 2 |
| LS11 | 1 |
Properties to Rent in Beeston on Rightmove
What is the Rightmove data regarding social rent and affordable housing in Beeston?
Through some digging, we found the level of social rent in the area. Currently, this figure is 27% as the percentage of people who are leasing directly from the government. In the area of Beeston, the average household income is £47,240.91 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.
Analysing the rate of education in Beeston from Rightmove
In the city of Beeston, the population stands at 58929 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 23% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £47,240.91. 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.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Frequently asked Questions
How much does the average property cost in Beeston according to Rightmove data?
In Beeston, the mean price for residential properties up for sale is £217,112. The mean price for the average property valuation across the UK is £286,000.
Are there any undisclosed expenses associated with property searches on Rightmove within Beeston?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Beeston?
The city of Beeston currently has a crime rate where for every 1000 people who live there 17250% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What are the house sales per month in Beeston?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 22 properties are being sold every month.
What’s the average cost of a three-bedroom property in Beeston as per Rightmove data?
Properties with three bedrooms command an average asking price of £951. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.
0 Comments