Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Birtley and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 25 number of properties that are sold.
Home listings in Birtley on the platform of Rightmove
On average and according to Rightmove data, what do properties sell for?
The average sold price of properties in Birtley, UK, available on Rightmove is £150,484. 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|
A city such as Birtley 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.
From Birtley’s Rightmove data, what are the number of planning permission applications?
The city of Birtley, according to Rightmove listings, has a commendable planning success rate of nan and there are around 6 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Birtley.
A deep dive into rental yield and how this impacts Birtley
Rental yield in Birtley is £0 as of 2023. However, this is not to say that there are not higher yields out there. When the economy was favourable for property in 2018. Yields were as high as 11% in places like Sheffield in some cases. However, an average, yet respectable figure you can expect from a property in the UK is around 4.4% so you can compare Birtley’s yield of £0 to see if you are above or below.
It is useful to note that even though a property may have a below average rental yield, it can still benefit from capital appreciation over time and this profit can be taken when the property is sold.
Property investment opportunities presented on Rightmove in Birtley
There is a fair amount of insight that you can gather from the city of Birtley by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £614.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
|Number of bedrooms||Average asking rent|
|2||no relevant data for this city|
|3||no relevant data for this city|
|4||no relevant data for this city|
|5||no relevant data for this city|
Investment analysis of Rightmove property in Birtley
In the area of Birtley, Rightmove records consistent sales of 25 properties each month, generating an average yearly turnover of 0.87. This turnover is just from property sales relative to the properties that there already are and 4% is the population change over ten years.
All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.
Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of North East by looking at further houses for sale here.
According to Rightmove data from Birtley, what properties are renting?
Concerning Rightmove, what is the education level like in Birtley?
Within the city of Birtley, the population amounts to 56377 individuals. Among these residents, it is notable that approximately 22% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £35,475.00. 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
In Birtley, here’s what Rightmove data says about social rent and affordable housing
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 15% in Birtley. And they have an average household income of £35,475.00. 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.
From Rightmove listings, what is the availability of green space in Birtley
Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Birtley, the current data indicates that there are 21.2 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.
According to Rightmove data in Birtley, is it worth moving into a HMO?
When it comes to renting in Birtley, 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 nan licensed HMOs in Birtley, giving you an idea of the variety and options available in the market.
What are some frequently asked questions?
In the city of Birtley, what is the median property price?
In Birtley, the mean price for residential properties up for sale is £150,484. 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 Birtley?
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)
Based on Rightmove’s information, what’s the level of criminal activity in the Birtley area?
The ongoing crime rate in Birtley indicates 102 instances for every 1000 citizens.
How many monthly property sales does Birtley witness according to listing platforms?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is 25. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
What’s the average cost of a three-bedroom property in Birtley as per Rightmove data?
The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices