27 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.
Belle Isle 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.
According to Rightmove data from Belle Isle, what properties are renting?
Belle Isle’s demographics and income insights based on Rightmove data
In the city of Belle Isle, the population is 35594. Out of all of these people, it is worth noting the education level. 17% have a degree (a higher level educational degree). Also, the average household income of the area is £38,322.37. 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.
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.
In Belle Isle, here’s what Rightmove data says about social rent and affordable housing
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 30% of individuals in Belle Isle rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £38,322.37. Most people in the Uk earn around £34,000 which is convenient for comparison.
How much green space do properties have in Belle Isle according to Rightmove?
Green space is universally recommended but unfortunately often compromised in various locations. In cities, the amount of green space often falls below the recommended threshold of 6 acres of green space per thousand people.
In Belle Isle, the current data indicates the presence of 14.6 acres of green space per thousand residents. By comparing this value to the recommended benchmark of 6, we can evaluate the sufficiency of green space in the area.
What are the number of HMOs on Rightmove that are licenced in the area of Belle Isle?
When it comes to renting in Belle Isle, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is no relevant data for this city. This data is particularly valuable for individuals seeking affordable rental options or like the idea of renting with housemates. If you are looking for more of an expensive property, there are £503 HMO properties with an ensuite too. Contrary to what you may believe, not all HMOs have to be cramped with a lack of space. A HMO with an ensuite will mean you won’t have to come out of your room to use the bathroom, making things very convenient.
According to the most recent Rightmove data, there are a total of nan licensed HMOs in Belle Isle, giving you an idea of the variety and options available in the market.
Properties for sale in Belle Isle on Rightmove
A deep dive into rental yield and how this impacts Belle Isle
Rental yield in Belle Isle 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 Belle Isle’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.
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 Belle Isle is talked about below and in the following headings.
Investment analysis of Rightmove property in Belle Isle
When contemplating an investment property, you can look at the figures of turnover, the number of sales there are every month in the area, and the population change over ten years. The below table is related to the city rather than the wider area of North East. However, you can find data for the wider region here.
|Data for Belle Isle||Average for the UK|
|Property sales per month||27||576,000|
|Population growth over 10 years||7%||6.5%|
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of North East.
Property investment opportunities presented on Rightmove in the city of Belle Isle
There is a fair amount of insight that you can gather from the city of Belle Isle by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £904.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
|Number of bedrooms||Average asking rent|
|4||no relevant data for this city|
|5||no relevant data for this city|
On average and according to Rightmove data, what do properties sell for?
The average sold price of properties in Belle Isle, UK, available on Rightmove is £152,884. 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|
In Belle Isle, what are the number of planning permission applications on Rightmove?
In the UK, planning applications result in a success rate of 82% most of the time. In Belle Isle, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.
This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 6 monthly planning applications in Belle Isle, property here is more difficult to conduct improvements on.
If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.
If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.
What are some frequently asked questions?
In the city of Belle Isle, 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 Belle Isle, the average cost of a home available for purchase is £152,884. 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 Belle Isle?
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.
According to Rightmove data, how prevalent is crime in Belle Isle’s vicinity?
The city of Belle Isle currently has a crime rate where for every 1000 people who live there 22400% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
According to online listings, what’s the count of property transactions per month in Belle Isle?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 27. To learn more about houses for sale and why this data is important
What’s the average cost of a three-bedroom property in Belle Isle as per Rightmove data?
The mean asking price for a property featuring three bedrooms stands at £1,124.