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What is the property market like in Bloxwich on Rightmove?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What is the property market like in Bloxwich 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 Bloxwich so you can make the best decisions and make money on your property purchases. Getting involved in one of the 28 property deals that come off the market each month.

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In Bloxwich, what does the property sales data look like based on Rightmove?

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 Bloxwich is talked about below and in the following headings.

A closer look at rental yield on Rightmove in Bloxwich

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 Bloxwich, there is an average of £0 for rental yield.
Bloxwich 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.

In terms of the number of planning permission applications on Rightmove, what should there be in Bloxwich?

Applying for planning permission in Bloxwich is something landlords tend to do if they want to add some value to their home. As of this month, there were 7 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 nan 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 Bloxwich too, there is a decent amount of opportunity to buy, renovate and make a profit.

How Rightmove listings in Bloxwich help you make an investment

Rightmove data can tell you a lot about the average asking rents of the area of Bloxwich. For example, the table below goes over how rents are distributed according to the number of rooms in the property. Also, the national figure for rental yield that is most common is 4.4%. The £0 which is the average yield of rent in the area can be compared for reference.
Read on to see what kind of rent you are looking to charge if you bought a property to see what size is best. Bear in mind as you do so that the average amount of rent that is asked for is £731.

Asking rent Bedrooms
no relevant data for this city 5
no relevant data for this city 4
no relevant data for this city 3
no relevant data for this city 2
WS3 1

What is a commons purchase price for property on Rightmove?

In the area of Bloxwich in the UK, the average sold price of a property is around £160,419. 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 £264,303
Semi detached house £150,517
Terraced house £131,195
Flat £88,279

Investment analysis of Rightmove property in Bloxwich

In the area of Bloxwich, Rightmove records consistent sales of 28 properties each month, generating an average yearly turnover of nan. This turnover is just from property sales relative to the properties that there already are and 7% is the population change over ten years.



All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.



Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of West Midlands by looking at further houses for sale here.

How many HMOs are licenced in the city of Bloxwich on Rightmove?

The average asking price for a House in Multiple Occupation (HMO) in Bloxwich 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 Bloxwich is £489 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.

From Rightmove listings, what is the availability of green space in Bloxwich

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 Bloxwich, the current data indicates the presence of 23.8 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 Bloxwich, what properties are available to rent?

If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.

Understanding education levels in the area of Bloxwich

In the city of Bloxwich, the population stands at 50107 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 12% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £40,400.00. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.

In Bloxwich, here’s what Rightmove data says about social rent and affordable housing

If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 27% of individuals in Bloxwich rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £40,400.00. Most people in the Uk earn around £34,000 which is convenient for comparison.

FAQ

In the city of Bloxwich, what is the median property price?

The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Bloxwich, the average cost of a home available for purchase is £160,419. You can compare these figures to see how far away this city is from the average.

When utilising Rightmove for finding property in Bloxwich, are there any charges to consider?

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 Bloxwich area?

In Bloxwich, the prevailing crime rate results in 141 occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.

What’s the frequency of property sales per month in Bloxwich as reported by listing portals?

To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 28 properties are being sold every month.

What’s the average cost of a three-bedroom property in Bloxwich as per Rightmove data?

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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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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