5 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.
Blackhall Colliery 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.
Properties to Rent in Blackhall Colliery on Rightmove
In Blackhall Colliery, 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 6% in Blackhall Colliery. 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.
How to examine income data from Rightmove for Blackhall Colliery
In the city of Blackhall Colliery, the population stands at 12193 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 22% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £35,475.00. 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.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
From Rightmove listings, what is the availability of green space in Blackhall Colliery
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 Blackhall Colliery, this is 21.2. Compare this figure of 6 which is recommended to have and the data for Blackhall Colliery to tell how much green space is around.
How many HMOs are licenced in the city of Blackhall Colliery on Rightmove?
In Blackhall Colliery, of the total number of licensed HMOs (nan) 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 Blackhall Colliery is currently no relevant data for this city, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
Properties for sale in Blackhall Colliery on Rightmove
In Blackhall Colliery, what are the number of planning permission applications on Rightmove?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Blackhall Colliery, the people who own homes in this area have a rate of planning success of 92%. 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 Blackhall Colliery. 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 3 that take place each month, this is likely the case a lot of the time.
A look into Rightmove’s Blackhall Colliery property as an Investment
As you delve into the property landscape of Blackhall Colliery in the region of North East, 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 5. 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 4% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like North East.
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 Blackhall Colliery is talked about below and in the following headings.
How can property investments be made using Rightmove data?
Based on Rightmove, there is a lot of data you can gather about Blackhall Colliery and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is no relevant data for this city. and the average asking rent based on Rightmove data is no relevant data for this city. 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 TS27, for a two bed is, no relevant data for this city, a three bed is no relevant data for this city. Finally, a four bed average asking price is no relevant data for this city, 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.
A closer look at rental yield on Rightmove in Blackhall Colliery
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 Blackhall Colliery is no relevant data for this city.
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 no relevant data for this city for comparison.
Usually, when looking to invest in Blackhall Colliery, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
Average sold prices of properties on Rightmove
When exploring the property market in Blackhall Colliery, 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 £116,014, 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|
|Flat||no relevant data for this city|
What are some frequently asked questions?
How much does the average property cost in Blackhall Colliery according to Rightmove data?
The average property price for the UK currently stands at £286,000. In the local area of Blackhall Colliery, the average price of a house for sale in the area is £116,014
Does exploring properties on Rightmove within Blackhall Colliery come with any fees you may not be aware of?
It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.
According to Rightmove data, how prevalent is crime in Blackhall Colliery’s vicinity?
The current crime rate in Blackhall Colliery is such that 10800% incidents are recorded for every 1000 residents.
How many monthly property sales does Blackhall Colliery witness according to listing platforms?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 5. To learn more about houses for sale and why this data is important
According to Rightmove, what’s the mean price of a three-bedroom property in Blackhall Colliery?
The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.