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 Bentley 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 17 number of properties that are sold.
According to Rightmove data from Bentley, what properties are renting?
Bentley’s demographics and income insights based on Rightmove data
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 £50,882.35 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.
Bentley’s demographics also reveal a population of 22580 individuals and a percentage of people with degrees falling at 35%. 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.
Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.
In Bentley, here’s what Rightmove data says about social rent and affordable housing
Through some digging, we found the level of social rent in the area. Currently, this figure is 6% as the percentage of people who are leasing directly from the government. In the area of Bentley, the average household income is £50,882.35 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.
In Bentley, what does the property sales data look like based on Rightmove?
Is it important to look at yield in Bentley in further detail?
Bentley averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Bentley, is worked out by dividing the net rental income of a property by the purchase price.
How can property investments be made using Rightmove data?
In the area, average asking rents are around £2,083. 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 Bentley.
|Average asking rent||Number of bedrooms in house|
|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|
A look into Rightmove’s Bentley property as an Investment
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 South East. However, you can find data for the wider region here.
|Data for Bentley||Average for the UK|
|Property sales per month||17||576,000|
|Population growth over 10 years||6%||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 South East.
Average sold prices of properties on Rightmove
When exploring the property market in Bentley, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £625,326, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Property type||Average selling point|
On Rightmove, how many planning permission applications are there based in Bentley?
Applying for planning permission in Bentley is something landlords tend to do if they want to add some value to their home. As of this month, there were 24 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 Bentley too, there is a decent amount of opportunity to buy, renovate and make a profit.
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 Bentley is talked about below and in the following headings.
How much green space do properties have in Bentley according to Rightmove?
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 Bentley, the available data reveals that there are 30.9 acres of green space per thousand residents. For health reasons, there should be 6 acres.
What are the number of HMOs on Rightmove that are licenced in the area of Bentley?
Currently, the number of licensed HMOs stands at nan that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is no relevant data for this city.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Bentley. Understanding where is best to rent in Bentley involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
How much does the average property cost in Bentley according to Rightmove data?
In Bentley, the mean price for residential properties up for sale is £625,326. 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 Bentley?
It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.
Is there substantial criminal activity in the area around Bentley as indicated by Rightmove?
The Bentley community presently experiences a crime rate where 5300% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
What are the house sales per month in Bentley?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 17 properties are being sold every month.
What’s the usual price range for a three-bedroom property on Rightmove in Bentley?
The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.