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 Bexleyheath, aiming to guide your investment decisions.
It’s worth noting that currently, 9 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.
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According to Rightmove data in Bexleyheath, is it worth moving into a HMO?
Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Bexleyheath.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Bexleyheath, there are nan for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at no relevant data for this city.
How much green space do properties have in Bexleyheath according to Rightmove?
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 Bexleyheath, this is 13.1. Compare this figure of 6 which is recommended to have and the data for Bexleyheath to tell how much green space is around.
Home listings in Bexleyheath on the platform of Rightmove
The greater the number of sales per month in the area of Bexleyheath, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.
In Bexleyheath, analysing Rightmove, what are the number of planning permission applications?
On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Bexleyheath, this number is 6 every month and the success rate for planning permission is nan.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Bexleyheath, you may be able to do the same and make some money.
A closer look at rental yield on Rightmove in Bexleyheath
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 Bexleyheath, there is an average of no relevant data for this city for rental yield.
Bexleyheath 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 no relevant data for this city 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.
A look into Rightmove’s Bexleyheath property as an Investment
As you delve into the property landscape of Bexleyheath in the region of Greater London, 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 9. 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 8% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like Greater London.
Property investment opportunities presented on Rightmove in Bexleyheath
In the area, average asking rents are around no relevant data for this city. 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 no relevant data for this city.
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 Bexleyheath.
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 |
DA6 | 1 |
Average sold prices of properties on Rightmove
When exploring the property market in Bexleyheath, 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 £376,526, 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 |
---|---|
detached house | £598,663 |
Semi-detached house | £448,779 |
Terraced house | £390,645 |
Flat | £273,970 |
In Bexleyheath, what property are people trying to rent on Rightmove?
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Concerning Rightmove, what is the education level like in Bexleyheath?
In the city of Bexleyheath, the population stands at 10053 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 24% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £54,216.99. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.
In Bexleyheath, here’s what Rightmove data says about social rent and affordable housing
Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 11% of individuals in Bexleyheath rely on government rent and the average household income in the district is £54,216.99.
Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.
If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.
Frequently Asked Questions by Rightmove users
In the city of Bexleyheath, 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 Bexleyheath, the average cost of a home available for purchase is £376,526. You can compare these figures to see how far away this city is from the average.
When utilising Rightmove for finding property in Bexleyheath, are there any charges to consider?
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 Bexleyheath according to Rightmove?
In Bexleyheath, the prevailing crime rate results in 16700% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
According to online listings, what’s the count of property transactions per month in Bexleyheath?
9 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
What’s the average cost of a three-bedroom property in Bexleyheath as per Rightmove data?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.
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