In this overview, we’ll delve into the Rightmove data for Bishopston, 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 26 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.
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Properties to Rent in Bishopston on Rightmove
Concerning Rightmove, what is the education level like in Bishopston?
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 £37,000.00 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.
Bishopston’s demographics also reveal a population of 66717 individuals and a percentage of people with degrees falling at 37%. 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.
What is the level of Rightmove affordable housing and social rent in Bishopston?
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 Bishopston, the average amount that people earn per household is £37,000.00. 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
Will you be moving into somewhere with a lot of green space if you moved to Bishopston?
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 Bishopston, the current data indicates the presence of 20.1 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.
On Rightmove and in Bishopston, how many HMOs are licenced?
Currently, the number of licensed HMOs stands at nan that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is £610.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Bishopston. Understanding where is best to rent in Bishopston involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
Properties for sale in Bishopston on Rightmove
A deep dive into rental yield and how this impacts Bishopston
Rental yield in Bishopston 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 Bishopston’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.
How to invest in property in Bishopston using Rightmove data
There is a fair amount of insight that you can gather from the city of Bishopston 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 £1,409.
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 |
|---|---|
| 1 | BS7 |
| 2 | no relevant data for this city |
| 3 | £1,389 |
| 4 | no relevant data for this city |
| 5 | £2,557 |
On average and according to Rightmove data, what do properties sell for?
In the area of Bishopston in the UK, the average sold price of a property is around £338,329. This is based on the average of all of the types of property listed on Rightmove and other listing platforms. Take a look below to see how this average is made up:
| Type of property | Average sold price |
|---|---|
| detached house | £435,773 |
| Semi detached house | £310,132 |
| Terraced house | £319,623 |
| Flat | £205,541 |
It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Bishopston is talked about below and in the following headings.
An overview of Bishopston property in Rightmove from an investment perspective
As you delve into the property landscape of Bishopston in the region of Wales, 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 26. 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 0.47. Every decade population change should also be considered. This figure stands at 7% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like Wales.
In Bishopston, what are the number of planning permission applications on Rightmove?
The city of Bishopston, according to Rightmove listings, has a commendable planning success rate of nan and there are around 26 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Bishopston.
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