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 Blackmore so you can make the best decisions and make money on your property purchases. Getting involved in one of the 7 property deals that come off the market each month.
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According to Rightmove data in Blackmore, is it worth moving into a HMO?
Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Blackmore.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Blackmore, there are 1 for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at no relevant data for this city.
From Rightmove listings, what is the availability of green space in Blackmore
Green space is universally recommended but unfortunately often compromised in various locations. In cities, the amount of green space often falls below the recommended threshold of 6 acres of green space per thousand people.
In Blackmore, the current data indicates the presence of 27.0 acres of green space per thousand residents. By comparing this value to the recommended benchmark of 6, we can evaluate the sufficiency of green space in the area.
On Rightmove in Blackmore, what properties are available to rent?
What is the outlook for social rent and affordable housing according to Rightmove in Blackmore?
Through some digging, we found the level of social rent in the area. Currently, this figure is 5% as the percentage of people who are leasing directly from the government. In the area of Blackmore, the average household income is £45,160.56 too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.
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.
Understanding education levels in the area of Blackmore
In the city of Blackmore, the population is 10032. Out of all of these people, it is worth noting the education level. 30% have a degree (a higher level educational degree). Also, the average household income of the area is £45,160.56. This is important to understand for renters as if the degree level is above the average of 22.6%, your neighbours will likely be higher earners. This is not always the case and there are still other factors that determine the quality of your neighbours but taking a note of the degree is always useful.
On Rightmove, how are properties listed for sale?
How to invest in property in Blackmore using Rightmove data
Based on Rightmove, there is a lot of data you can gather about Blackmore 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 £1,508. 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 CM4, 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.
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 Blackmore is talked about below and in the following headings.
A look into Rightmove’s Blackmore property as an Investment
As you delve into the property landscape of Blackmore in the region of East of England, 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 7. 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 0.1. Every decade population change should also be considered. This figure stands at 6% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like East of England.
On Rightmove, how many planning permission applications are there based in Blackmore?
Applying for planning permission in Blackmore is something landlords tend to do if they want to add some value to their home. As of this month, there were 16 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 75% 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 Blackmore too, there is a decent amount of opportunity to buy, renovate and make a profit.
On average and according to Rightmove data, what do properties sell for?
In the area of Blackmore in the UK, the average sold price of a property is around £628,259. 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 |
|---|---|
| detached house | £854,147 |
| Semi detached house | £525,157 |
| Terraced house | £467,324 |
| Flat | £353,064 |
Blackmore’s rental yield on Rightmove explained
Rental yield in Blackmore 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 Blackmore’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.
Frequently Asked Questions by Rightmove users
Discover the mean property value in Blackmore as reported on Rightmove.
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Blackmore, the average cost of a home available for purchase is £628,259. You can compare these figures to see how far away this city is from the average.
On Rightmove, are there any hidden costs when searching for property in the city of Blackmore?
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.
Based on Rightmove’s information, what’s the level of criminal activity in the Blackmore area?
The ongoing crime rate in Blackmore indicates 7900% instances for every 1000 citizens.
How many monthly property sales does Blackmore witness according to listing platforms?
7 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 Blackmore?
The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices
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