In this overview, we’ll delve into the Rightmove data for Blackley, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 24 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
In the city of Blackley, regarding Rightmove, what would it look like living in a HMO?
The average asking price for a House in Multiple Occupation (HMO) in Blackley 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 Blackley is £492 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.
By analysing Rightmove in Blackley, is there a lot of green, outdoor space?
In Blackley, the available data reveals that there are 13.9 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.
In Blackley, what does the property sales data look like based on Rightmove?
Average sold prices of properties on Rightmove
Using Rightmove, there is an average sold price of property that is £138,259 in Blackley. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
In terms of the number of planning permission applications on Rightmove, what should there be in Blackley?
In the UK, planning applications result in a success rate of 82% most of the time. In Blackley, 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 5 monthly planning applications in Blackley, 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.
How can property investments be made using Rightmove data?
Based on Rightmove, there is a lot of data you can gather about Blackley 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 £906. 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 M9, 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 quick insight into Rightmove property Blackley
When contemplating an investment property, you can look at the figures of turnover, the number of sales there are every month in the area, and the population change over ten years. The below table is related to the city rather than the wider area of North West. However, you can find data for the wider region here.
|Data for Blackley||Average for the UK|
|Property sales per month||24||576,000|
|Population growth over 10 years||13%||6.5%|
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of North West.
A closer look at rental yield on Rightmove in Blackley
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 Blackley 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 Blackley, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
The greater the number of sales per month in the area of Blackley, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.
According to Rightmove data from Blackley, what properties are renting?
Understanding education levels in the area of Blackley
When considering Blackley, its population reaches 39434 individuals. It is useful to note that around 17% of the residents have attained a higher level of education and the average household income in the area is £37,967.50. 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.
What is the Rightmove data regarding social rent and affordable housing in Blackley?
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, 34% of individuals in Blackley rely on government rent and the average household income in the district is £37,967.50.
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.
If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.
Frequently asked Questions
Discover the mean property value in Blackley as reported on Rightmove.
The average property price for the UK currently stands at £286,000. In the local area of Blackley, the average price of a house for sale in the area is £138,259
In the process of property hunting on Rightmove in Blackley, do hidden costs come into play?
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.
Is there substantial criminal activity in the area around Blackley as indicated by Rightmove?
The Blackley community presently experiences a crime rate where no relevant data for this city infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
In Blackley, how many sales per month are there according to listing portals?
24 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
On Rightmove, what is the average price of a three-bed property in Blackley?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.