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 Belford 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 nan number of properties that are sold.
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A list of properties for Sale in Belford on Rightmove
How to invest in property in Belford using Rightmove data
Rightmove data can tell you a lot about the average asking rents of the area of Belford. 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 no relevant data for this city 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 no relevant data for this city.
Asking rent | Bedrooms |
---|---|
no relevant data for this city | 5 |
no relevant data for this city | 4 |
no relevant data for this city | 3 |
no relevant data for this city | 2 |
NE70 | 1 |
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 Belford is talked about below and in the following headings.
Is it important to look at yield in Belford in further detail?
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Belford, there is an average of no relevant data for this city for rental yield.
Belford can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of no relevant data for this city is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
On Rightmove, how many planning permission applications are there based in Belford?
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 Belford, this number is 2 every month and the success rate for planning permission is 87%.
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 Belford, you may be able to do the same and make some money.
Exploring Belford’s real estate investment potential on Rightmove
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 nan properties are sold each month), you can work out the turnover too, which is nan in Belford.
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 3%. Also comparing this data to an area slightly bigger, such as North East by visiting our page for this, you can find additional data to help you on your search too.
What are properties sold for on average on Rightmove?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Belford. With an overall sold price of approximately £204,106, 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 | no relevant data for this city |
Terraced house | £147,147 |
Semi-detached house | £150,998 |
detached house | £244,240 |
According to Rightmove data from Belford, what properties are renting?
Analysing the rate of education in Belford from Rightmove
If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £37,267.86 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Belford’s demographics also reveal a population of 1813 individuals and a percentage of people with degrees falling at 25%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.
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 Belford, in terms of affordable housing and social rent, what does Rightmove data show?
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: 7%. Also, in Belford, the average amount that people earn per household is £37,267.86. 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.
By analysing Rightmove in Belford, is there a lot of green, outdoor space?
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 Belford, the available data reveals that there are 33.7 acres of green space per thousand residents. For health reasons, there should be 6 acres.
On Rightmove and in Belford, how many HMOs are licenced?
In Belford, 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 Belford is currently no relevant data for this city, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
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