Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Bettiscombe, aiming to guide your investment decisions.
It’s worth noting that currently, 14 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
Properties to Rent in Bettiscombe on Rightmove
In Bettiscombe, in terms of affordable housing and social rent, what does Rightmove data show?
It is well researched and understood that humans like to associate themself with similar people and this is why it’s important to find an area where people are earning a similar amount to you. The percentage of people who are renting from the government is 7% in Bettiscombe. And they have an average household income of £40,892.50. If you think these numbers are similar to your financial situation or reflect an area you want to live in, then this is a good sign.
Understanding education levels in the area of Bettiscombe
Within the city of Bettiscombe, the population amounts to 21663 individuals. Among these residents, it is notable that approximately 27% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £40,892.50. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.
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 Bettiscombe, what does the property sales data look like based on Rightmove?
How Rightmove listings in Bettiscombe help you make an investment
Rightmove data can tell you a lot about the average asking rents of the area of Bettiscombe. 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 £0 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 £970.
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An overview of Bettiscombe property in Rightmove from an investment perspective
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 Bettiscombe||Average for the UK|
|Property sales per month||14||576,000|
|Population growth over 10 years||4%||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.
In Bettiscombe, 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 Bettiscombe, people plan to make modifications to their properties and apply for planning permission with a planning success rate of 88%.
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 10 monthly planning applications in Bettiscombe, 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.
A deep dive into rental yield and how this impacts Bettiscombe
A serious investor will know what yield is and how to work it out. The formula is true for Bettiscombe and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Bettiscombe the figure is £0.
This £0 as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.
A city such as Bettiscombe has a fair amount of houses for sale on Rightmove. In the following headings, we go over all the relevant data related to Rightmove so you can begin the process of buying a house. Figuring out the best type of property to buy is a difficult process so it is useful to see all the relevant information condensed in one place.
Average sold prices of properties on Rightmove
Using Rightmove, there is an average sold price of property that is £321,501 in Bettiscombe. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
In the city of Bettiscombe, regarding Rightmove, what would it look like living in a HMO?
When it comes to renting in Bettiscombe, 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 2 licensed HMOs in Bettiscombe, giving you an idea of the variety and options available in the market.
How much outdoor space is there in Bettiscombe?
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 Bettiscombe, the current data indicates the presence of 17.8 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.