23 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.
Blackrod 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.
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At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Blackrod to help you find the perfect agent for you
In the city of Blackrod, regarding Rightmove, what would it look like living in a HMO?
In Blackrod, of the total number of licensed HMOs (3) 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 Blackrod 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.
Will you be moving into somewhere with a lot of green space if you moved to Blackrod?
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 Blackrod, the current data indicates the presence of 13.9 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, how are properties listed for sale?
On average and according to Rightmove data, what do properties sell for?
In the area of Blackrod in the UK, the average sold price of a property is around £187,928. 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 | £302,235 |
| Semi detached house | £173,211 |
| Terraced house | £128,199 |
| Flat | £101,905 |
Exploring Blackrod’s real estate investment potential on Rightmove
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 Blackrod | Average for the UK | |
|---|---|---|
| Turnover | 0.72 | 19% |
| Property sales per month | 23 | 576,000 |
| Population growth over 10 years | 5% | 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.
Blackrod’s rental yield on Rightmove explained
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Blackrod, there is an average of £0 for rental yield.
Blackrod can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
How to invest in property in Blackrod using Rightmove data
There is a fair amount of insight that you can gather from the city of Blackrod by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £763.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
| Number of bedrooms | Average asking rent |
|---|---|
| 1 | BL6 |
| 2 | no relevant data for this city |
| 3 | £785 |
| 4 | no relevant data for this city |
| 5 | no relevant data for this city |
In Blackrod, what are the number of planning permission applications on Rightmove?
Applying for planning permission in Blackrod is something landlords tend to do if they want to add some value to their home. As of this month, there were 14 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 90% 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 Blackrod too, there is a decent amount of opportunity to buy, renovate and make a profit.
A city such as Blackrod has a fair amount of houses for sale on Rightmove. In the following headings, we go over all the relevant data related to Rightmove so you can begin the process of buying a house. Figuring out the best type of property to buy is a difficult process so it is useful to see all the relevant information condensed in one place.
Properties to Rent in Blackrod on Rightmove
What is the level of Rightmove affordable housing and social rent in Blackrod?
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, 3% of individuals in Blackrod 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.
Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.
How to examine income data from Rightmove for Blackrod
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 £37,967.50 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.
Blackrod’s demographics also reveal a population of 29345 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.
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