20 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Bishopstrow contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.
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How much green space do properties have in Bishopstrow according to Rightmove?
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 Bishopstrow, the current data indicates that there are 24.1 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.
What are the number of HMOs on Rightmove that are licenced in the area of Bishopstrow?
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 no relevant data for this city.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Bishopstrow. Understanding where is best to rent in Bishopstrow involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
According to Rightmove data from Bishopstrow, what properties are renting?
Bishopstrow’s demographics and income insights based on Rightmove data
When considering Bishopstrow, its population reaches 28537 individuals. It is useful to note that around 26% of the residents have attained a higher level of education and the average household income in the area is £46,200.00. 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
What is the level of Rightmove affordable housing and social rent in Bishopstrow?
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, 8% of individuals in Bishopstrow rely on government rent and the average household income in the district is £46,200.00.
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.
Properties for sale in Bishopstrow on Rightmove
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 Bishopstrow is talked about below and in the following headings.
How to invest in property in Bishopstrow using Rightmove data
There is a fair amount of insight that you can gather from the city of Bishopstrow 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 £900.
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 | BA12 |
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 |
On average and according to Rightmove data, what do properties sell for?
The average sold price of properties in Bishopstrow, UK, available on Rightmove is £276,241. 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 |
---|---|
Flat | £112,900 |
Terraced house | £199,971 |
Semi-detached house | £244,893 |
detached house | £370,069 |
Linking rental yields with Rightmove property listings in Bishopstrow
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 Bishopstrow 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 Bishopstrow, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
An overview of Bishopstrow property in Rightmove from an investment perspective
As you delve into the property landscape of Bishopstrow in the region of South West, 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 20. 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 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 South West.
In terms of the number of planning permission applications on Rightmove, what should there be in Bishopstrow?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Bishopstrow, the people who own homes in this area have a rate of planning success of nan. Individuals usually seek to modify their properties and apply for planning permission whenever they are trying to increase the value of a home.
This means investors should take note of this data in Bishopstrow. An above-average success rate indicates that property renovations have been proven to work and are repeatable or it could mean that a lot of the properties in the area are very simple in design. This presents an opportunity for investors to assess successful strategies in the area and adopt similar approaches and of the 14 that take place each month, this is likely the case a lot of the time.
Frequently Asked Questions by Rightmove users
Discover the mean property value in Bishopstrow as reported on Rightmove.
The average property price for the UK currently stands at £286,000. In the local area of Bishopstrow, the average price of a house for sale in the area is £276,241
When utilising Rightmove for finding property in Bishopstrow, are there any charges to consider?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
According to Rightmove data, how prevalent is crime in Bishopstrow’s vicinity?
In Bishopstrow, the prevailing crime rate results in 70 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 Bishopstrow?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 20 as of recent data.
On Rightmove, what is the average price of a three-bed property in Bishopstrow?
Properties with three bedrooms command an average asking price of no relevant data for this city. 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.
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