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 Biggar, aiming to guide your investment decisions.
It’s worth noting that currently, 36 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.
In the city of Biggar, regarding Rightmove, what would it look like living in a HMO?
When it comes to renting in Biggar, 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 £497 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 63 licensed HMOs in Biggar, giving you an idea of the variety and options available in the market.
From Rightmove listings, what is the availability of green space in Biggar
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 Biggar, this is 25.8. Compare this figure of 6 which is recommended to have and the data for Biggar to tell how much green space is around.
In Biggar, what property are people trying to rent on Rightmove?
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.
What is the level of Rightmove affordable housing and social rent in Biggar?
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: 14%. Also, in Biggar, the average amount that people earn per household is £39,483.72. 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.
Understanding education levels in the area of Biggar
When considering Biggar, its population reaches 38236 individuals. It is useful to note that around 17% of the residents have attained a higher level of education and the average household income in the area is £39,483.72. 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.
Properties for sale in Biggar on Rightmove
Every month, properties are sold on the platform of Rightmove in Biggar and you can explore the topics below related to sales that give you an overview of the market.
How can property investments be made using Rightmove data?
Based on Rightmove, there is a lot of data you can gather about Biggar and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £616. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is LA14, for a two bed is, no relevant data for this city, a three bed is £615. Finally, a four bed average asking price is no relevant data for this city, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.
A quick insight into Rightmove property Biggar
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 36 properties are sold each month), you can work out the turnover too, which is nan in Biggar.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is -4%. Also comparing this data to an area slightly bigger, such as North West by visiting our page for this, you can find additional data to help you on your search too.
In Biggar, analysing Rightmove, what are the number of planning permission applications?
In the UK, planning applications result in a success rate of 82% most of the time. In Biggar, people plan to make modifications to their properties and apply for planning permission with a planning success rate of 93%.
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 7 monthly planning applications in Biggar, 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.
Linking rental yields with Rightmove property listings in Biggar
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 Biggar 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 Biggar, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
What are properties sold for on average on Rightmove?
The average sold price of properties in Biggar, UK, available on Rightmove is £117,109. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
|Category of property||Average price|
What questions are asked most frequently?
How much does the average property cost in Biggar according to Rightmove data?
In Biggar, the mean price for residential properties up for sale is £117,109. The mean price for the average property valuation across the UK is £286,000.
On Rightmove, are there any hidden costs when searching for property in the city of Biggar?
Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)
Is there a lot of crime in the area of Biggar according to Rightmove?
The city of Biggar currently has a crime rate where for every 1000 people who live there 14000% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What’s the frequency of property sales per month in Biggar as reported by listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 36 properties are being sold every month.
What’s the usual price range for a three-bedroom property on Rightmove in Biggar?
The average cost to rent a property with three bedrooms is £615. This can be weighed against the average property price trends.