What is the property market like in Blakedown on Rightmove?

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 Blakedown so you can make the best decisions and make money on your property purchases. Getting involved in one of the 19 property deals that come off the market each month.

Home listings in Blakedown on the platform of Rightmove

In Blakedown, 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 Blakedown, 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 Blakedown. 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 16 that take place each month, this is likely the case a lot of the time.

Blakedown’s rental yield on Rightmove explained

Rental yield in Blakedown 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 Blakedown’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.

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 Blakedown is talked about below and in the following headings.

Property investment opportunities presented on Rightmove in the city of Blakedown

In Blakedown, the average asking rent in the area is £687 and there is a table below that goes over the asking rent for every type of property there is. Also, in Blakedown, 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.

On average and according to Rightmove data, what do properties sell for?

When exploring the property market in Blakedown, 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 £196,310, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.

A look into Rightmove’s Blakedown property as an Investment

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 West Midlands. However, you can find data for the wider region here.

It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of West Midlands.

In Blakedown, what property are people trying to rent on Rightmove?

In Blakedown, in terms of affordable housing and social rent, what does Rightmove data show?

Through some digging, we found the level of social rent in the area. Currently, this figure is 8% as the percentage of people who are leasing directly from the government. In the area of Blakedown, the average household income is £41,740.00 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.

How to examine income data from Rightmove for Blakedown

Within the city of Blakedown, the population amounts to 35493 individuals. Among these residents, it is notable that approximately 23% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £41,740.00. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.

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.

In the city of Blakedown, regarding Rightmove, what would it look like living in a HMO?

Currently, the number of licensed HMOs stands at 17 that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is no relevant data for this city.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Blakedown. Understanding where is best to rent in Blakedown involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.

How much green space do properties have in Blakedown according to Rightmove?

Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Blakedown, the current data indicates that there are 18.1 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.

Frequently asked Questions

How much does the average property cost in Blakedown according to Rightmove data?

At present, within the confines of Blakedown, the mean price for houses listed for sale is £196,310.

In the process of property hunting on Rightmove in Blakedown, do hidden costs come into play?

Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)

Is there a lot of crime in the area of Blakedown according to Rightmove?

In Blakedown, the prevailing crime rate results in 13300% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.

What are the house sales per month in Blakedown?

To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 19. To learn more about houses for sale and why this data is important

On Rightmove, what is the average price of a three-bed property in Blakedown?

The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.