In the UK, there is a lot that goes into deciding on the right place to buy. The decision gets even more complex if you are buying for an investment as you will have to think a bit more logically rather than thinking emotionally when buying a property. In this article, we go over what the Rightmove data looks like for the city of Bissoe so you can make the best decisions and make money on your property purchases. Getting involved in one of the 8 property deals that come off the market each month.
On Rightmove, how are properties listed for sale?
Property investment opportunities presented on Rightmove in Bissoe
Rightmove data can tell you a lot about the average asking rents of the area of Bissoe. 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 £1,160.
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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 Bissoe is talked about below and in the following headings.
Bissoe’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 Bissoe 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 Bissoe, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
In the area, using Rightmove data, what are most people selling their property for?
The average sold price of properties in Bissoe, UK, available on Rightmove is £279,279. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
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A quick insight into Rightmove property Bissoe
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 8 properties are sold each month), you can work out the turnover too, which is nan in Bissoe.
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 8%. Also comparing this data to an area slightly bigger, such as South West by visiting our page for this, you can find additional data to help you on your search too.
In Bissoe, 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 Bissoe, 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 14 monthly planning applications in Bissoe, 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.
Properties to Rent in Bissoe on Rightmove
Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.
What is the outlook for social rent and affordable housing according to Rightmove in Bissoe?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 7% of individuals in Bissoe rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £37,102.17. Most people in the Uk earn around £34,000 which is convenient for comparison.
Understanding education levels in the area of Bissoe
In the city of Bissoe, the population stands at 11134 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 32% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £37,102.17. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.
From Rightmove listings, what is the availability of green space in Bissoe
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 Bissoe, this is 23.4. Compare this figure of 6 which is recommended to have and the data for Bissoe to tell how much green space is around.
How many HMOs are licenced in the city of Bissoe on Rightmove?
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 Bissoe. Understanding where is best to rent in Bissoe involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.