An outlook on houses for rent and sale on Rightmove in Bickley

In this overview, we’ll delve into the Rightmove data for Bickley, 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 32 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.

In Bickley, what does the property sales data look like based on Rightmove?

Property investment opportunities presented on Rightmove in the city of Bickley

Rightmove data can tell you a lot about the average asking rents of the area of Bickley. 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 £1,622.

On average and according to Rightmove data, what do properties sell for?

Using Rightmove, there is an average sold price of property that is £463,222 in Bickley. 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.

In terms of the number of planning permission applications on Rightmove, what should there be in Bickley?

In the UK, planning applications result in a success rate of 82% most of the time. In Bickley, 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 40 monthly planning applications in Bickley, 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 look into Rightmove’s Bickley 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 Greater London. However, you can find data for the wider region here.

It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of Greater London.

Bickley’s rental yield on Rightmove explained

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 Bickley 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 Bickley, 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 Bickley and you can explore the topics below related to sales that give you an overview of the market.

On Rightmove in Bickley, what properties are available to rent?

What is the level of Rightmove affordable housing and social rent in Bickley?

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 12% in Bickley. And they have an average household income of £54,216.99. 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.

If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.

How to examine income data from Rightmove for Bickley

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 £54,216.99 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.
Bickley’s demographics also reveal a population of 100834 individuals and a percentage of people with degrees falling at 34%. 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.

According to Rightmove data in Bickley, 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 Bickley.
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 Bickley, 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 £721.

By analysing Rightmove in Bickley, is there a lot of green, outdoor space?

In Bickley, the available data reveals that there are 13.1 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.

What questions are asked most frequently?

In the city of Bickley, 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 Bickley, the average cost of a home available for purchase is £463,222. You can compare these figures to see how far away this city is from the average.

Are there any undisclosed expenses associated with property searches on Rightmove within Bickley?

Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.

Is there a lot of crime in the area of Bickley according to Rightmove?

The ongoing crime rate in Bickley indicates 10850% instances for every 1000 citizens.

How many monthly property sales does Bickley witness according to listing platforms?

To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 32. To learn more about houses for sale and why this data is important

On Rightmove, what is the average price of a three-bed property in Bickley?

Properties with three bedrooms command an average asking price of £1,677. 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.