Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Blackheath and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 15 number of properties that are sold.
By analysing Rightmove in Blackheath, 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 Blackheath, the available data reveals that there are 13.1 acres of green space per thousand residents. For health reasons, there should be 6 acres.
What are the number of HMOs on Rightmove that are licenced in the area of Blackheath?
The average asking price for a House in Multiple Occupation (HMO) in Blackheath is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Blackheath is no relevant data for this city and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.
Properties to Rent in Blackheath on Rightmove
Understanding education levels in the area of Blackheath
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 £54,216.99 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.
Blackheath’s demographics also reveal a population of 82245 individuals and a percentage of people with degrees falling at 30%. 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.
In Blackheath, in terms of affordable housing and social rent, what does Rightmove data show?
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 22% in Blackheath. And they have an average household income of £54,216.99. 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.
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.
Home listings in Blackheath on the platform of Rightmove
From Blackheath’s Rightmove data, what are the number of planning permission applications?
The city of Blackheath, according to Rightmove listings, has a commendable planning success rate of nan and there are around 5 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Blackheath.
Exploring Blackheath’s real estate investment potential on Rightmove
When considering buying a house for an investment in the area of Greater London, 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 15. 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 Blackheath it is nan. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 12%. So, you can make of that as you will.
A closer look at rental yield on Rightmove in Blackheath
Rental yield in Blackheath 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 Blackheath’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.
Looking to buy a house? Rightmove offers a diverse selection of properties for sale. Some of these listings are sold to homeowners and some are sold to investors looking to make a return. Check out more data related to properties for sale in other areas by checking out our list of properties that are for sale throughout the UK if you are interested in comparing Blackheath to other regions.
How Rightmove listings in Blackheath help you make an investment
In Blackheath, the average asking rent in the area is £1,822 and there is a table below that goes over the asking rent for every type of property there is. Also, in Blackheath, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
|Number of bedrooms||Average asking rent|
|5||no relevant data for this city|
|4||no relevant data for this city|
|3||no relevant data for this city|
|2||no relevant data for this city|
In the area, using Rightmove data, what are most people selling their property for?
In the area of Blackheath in the UK, the average sold price of a property is around £371,477. 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|
|Semi detached house||£463,657|
Frequently Asked Questions by Rightmove users
How much does the average property cost in Blackheath according to Rightmove data?
At present, within the confines of Blackheath, the mean price for houses listed for sale is £371,477.
Does exploring properties on Rightmove within Blackheath come with any fees you may not be aware of?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Blackheath?
The current crime rate in Blackheath is such that 10533% incidents are recorded for every 1000 residents.
How many monthly property sales does Blackheath 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 15 properties are being sold every month.
What’s the usual price range for a three-bedroom property on Rightmove in Blackheath?
For properties encompassing three bedrooms, the typical asking price hovers around no relevant data for this city. This can be contrasted with the mean property valuations.