In this overview, we’ll delve into the Rightmove data for Bestwood Village, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 25 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
A list of properties for Sale in Bestwood Village on Rightmove
What are properties sold for on average on Rightmove?
When exploring the property market in Bestwood Village, 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 £141,449, 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|
A look into Rightmove’s Bestwood Village property as an Investment
As you delve into the property landscape of Bestwood Village in the region of East Midlands, Rightmove becomes an invaluable resource that provides data that can be looked at every month.
Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 25. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.
So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is nan. Every decade population change should also be considered. This figure stands at 12% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like East Midlands.
Linking rental yields with Rightmove property listings in Bestwood Village
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 Bestwood Village 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 Bestwood Village, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
Every month, properties are sold on the platform of Rightmove in Bestwood Village and you can explore the topics below related to sales that give you an overview of the market.
How Rightmove listings in Bestwood Village help you make an investment
In the area, average asking rents are around £817. 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 Bestwood Village.
|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|
In terms of the number of planning permission applications on Rightmove, what should there be in Bestwood Village?
In the UK, planning applications result in a success rate of 82% most of the time. In Bestwood Village, 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 4 monthly planning applications in Bestwood Village, 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.
On Rightmove in Bestwood Village, what properties are available to rent?
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 Bestwood Village 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 £40,508.70 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.
Bestwood Village’s demographics also reveal a population of 37861 individuals and a percentage of people with degrees falling at 15%. 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.
What is the outlook for social rent and affordable housing according to Rightmove in Bestwood Village?
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: 23%. Also, in Bestwood Village, the average amount that people earn per household is £40,508.70. 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.
How much outdoor space is there in Bestwood Village?
Green space is something that is recommended to everyone to have but then again, it is often compromised in a lot of locations. For instance, in cities, the amount of green space is often well below the recommended figure of 6 acres of green space for every thousand people. In Bestwood Village, this is 22.6. Compare this figure of 6 which is recommended to have and the data for Bestwood Village to tell how much green space is around.
According to Rightmove data in Bestwood Village, is it worth moving into a HMO?
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 Bestwood Village. Understanding where is best to rent in Bestwood Village involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
Frequently asked Questions
Uncover the typical property asking price in Bestwood Village through Rightmove data.
At present, within the confines of Bestwood Village, the mean price for houses listed for sale is £141,449.
On Rightmove, are there any hidden costs when searching for property in the city of Bestwood Village?
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.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Bestwood Village?
The Bestwood Village community presently experiences a crime rate where 16300% 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.
In Bestwood Village, how many sales per month are there according to listing portals?
25 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
On Rightmove, how much does a three-bed property typically cost in Bestwood Village?
Properties with three bedrooms command an average asking price of no relevant data for this city. 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.