58 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.
Blackbrook 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.
A list of properties for Sale in Blackbrook on Rightmove
In Blackbrook, what are the number of planning permission applications on Rightmove?
Applying for planning permission in Blackbrook is something landlords tend to do if they want to add some value to their home. As of this month, there were 21 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is 95% and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Blackbrook too, there is a decent amount of opportunity to buy, renovate and make a profit.
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 Blackbrook is talked about below and in the following headings.
A closer look at rental yield on Rightmove in Blackbrook
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 Blackbrook 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 Blackbrook, 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 Blackbrook property in Rightmove from an investment perspective
When considering buying a house for an investment in the area of West Midlands, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is 58. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Blackbrook it is 0.82. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 5%. So, you can make of that as you will.
How Rightmove listings in Blackbrook help you make an investment
Based on Rightmove, there is a lot of data you can gather about Blackbrook 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 £738. 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 ST5, for a two bed is, £623, a three bed is £780. Finally, a four bed average asking price is £869, 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.
Average sold prices of properties on Rightmove
When exploring the property market in Blackbrook, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £159,287, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Property type||Average selling point|
On Rightmove in Blackbrook, what properties are available to rent?
In Blackbrook, in terms of affordable housing and social rent, what does Rightmove data show?
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: 7%. Also, in Blackbrook, the average amount that people earn per household is £40,400.00. 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.
How to examine income data from Rightmove for Blackbrook
In the city of Blackbrook, the population stands at 82175 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 23% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £40,400.00. 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
According to Rightmove data in Blackbrook, is it worth moving into a HMO?
In Blackbrook, of the total number of licensed HMOs (211) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Blackbrook is currently £428, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
By analysing Rightmove in Blackbrook, is there a lot of green, outdoor space?
Green space is a vital element that is often compromised in different locations, hindering its availability. For instance, urban areas frequently fall short of the recommended benchmark of 6 acres of green space per thousand people. In Blackbrook, the available data reveals that there are 23.8 acres of green space per thousand residents. For health reasons, there should be 6 acres.
Frequently asked Questions
In the city of Blackbrook, what is the median property price?
The average property price for the UK currently stands at £286,000. In the local area of Blackbrook, the average price of a house for sale in the area is £159,287
Are there any undisclosed expenses associated with property searches on Rightmove within Blackbrook?
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.
Is there a lot of crime in the area of Blackbrook according to Rightmove?
In Blackbrook, the prevailing crime rate results in 9200% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
How many monthly property sales does Blackbrook witness according to listing platforms?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 58 properties are being sold every month.
On Rightmove, how much does a three-bed property typically cost in Blackbrook?
The average price for a property that has three bedrooms is £780. This can be compared to average property prices