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 Berrow 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 15 number of properties that are sold.
According to Rightmove data from Berrow, what properties are renting?
In Berrow, in terms of affordable housing and social rent, what does Rightmove data show?
Through some digging, we found the level of social rent in the area. Currently, this figure is 3% as the percentage of people who are leasing directly from the government. In the area of Berrow, the average household income is £42,548.61 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.
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.
Analysing the rate of education in Berrow from Rightmove
When considering Berrow, its population reaches 16782 individuals. It is useful to note that around 20% of the residents have attained a higher level of education and the average household income in the area is £42,548.61. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.
In the city of Berrow, regarding Rightmove, what would it look like living in a HMO?
When it comes to renting in Berrow, 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 no relevant data for this city 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 Berrow, giving you an idea of the variety and options available in the market.
From Rightmove listings, what is the availability of green space in Berrow
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 Berrow, the current data indicates the presence of 20.1 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.
Home listings in Berrow on the platform of Rightmove
Average sold prices of properties on Rightmove
In the area of Berrow in the UK, the average sold price of a property is around £241,486. This is based on the average of all of the types of property listed on Rightmove and other listing platforms. Take a look below to see how this average is made up:
|Type of property||Average sold price|
|Semi detached house||£231,040|
Berrow’s rental yield on Rightmove explained
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 Berrow, there is an average of £0 for rental yield.
Berrow 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 £0 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.
How to invest in property in Berrow using Rightmove data
In Berrow, the average asking rent in the area is £834 and there is a table below that goes over the asking rent for every type of property there is. Also, in Berrow, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
|Number of bedrooms||Average asking rent|
|5||no relevant data for this city|
|4||no relevant data for this city|
|3||no relevant data for this city|
|2||no relevant data for this city|
Exploring Berrow’s real estate investment potential on Rightmove
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 West. However, you can find data for the wider region here.
|Data for Berrow||Average for the UK|
|Property sales per month||15||576,000|
|Population growth over 10 years||9%||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 West.
From Berrow’s Rightmove data, what are the number of planning permission applications?
Applying for planning permission in Berrow is something landlords tend to do if they want to add some value to their home. As of this month, there were 5 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 Berrow too, there is a decent amount of opportunity to buy, renovate and make a profit.
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 Berrow to other regions.
Frequently Asked Questions by Rightmove users
In the city of Berrow, what is the median property price?
The average property price for the UK currently stands at £286,000. In the local area of Berrow, the average price of a house for sale in the area is £241,486
Does exploring properties on Rightmove within Berrow come with any fees you may not be aware of?
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 a lot of crime in the area of Berrow according to Rightmove?
The current crime rate in Berrow is such that 73 incidents are recorded for every 1000 residents.
What’s the frequency of property sales per month in Berrow as reported by listing portals?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 15. To learn more about houses for sale and why this data is important
What’s the usual price range for a three-bedroom property on Rightmove in Berrow?
For properties encompassing three bedrooms, the typical asking price hovers around no relevant data for this city. This can be contrasted with the mean property valuations.