Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Bodinnick, aiming to guide your investment decisions.
It’s worth noting that currently, 3 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
What are the number of HMOs on Rightmove that are licenced in the area of Bodinnick?
In Bodinnick, of the total number of licensed HMOs (nan) 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 Bodinnick 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.
How much green space do properties have in Bodinnick according to Rightmove?
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 Bodinnick, the current data indicates the presence of 23.4 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.
A list of properties for Sale in Bodinnick on Rightmove
Investment analysis of Rightmove property in Bodinnick
When considering buying a house for an investment in the area of South West, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is 3. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Bodinnick it is nan. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 8%. So, you can make of that as you will.
Linking rental yields with Rightmove property listings in Bodinnick
Bodinnick averages at no relevant data for this city for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is no relevant data for this city in Bodinnick, is worked out by dividing the net rental income of a property by the purchase price.
How to invest in property in Bodinnick using Rightmove data
Based on Rightmove, there is a lot of data you can gather about Bodinnick and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is no relevant data for this city. and the average asking rent based on Rightmove data is no relevant data for this city. 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 PL23, 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.
What are properties sold for on average on Rightmove?
When exploring the property market in Bodinnick, 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 £375,397, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Property type||Average selling point|
On Rightmove, how many planning permission applications are there based in Bodinnick?
In the UK, planning applications result in a success rate of 82% most of the time. In Bodinnick, 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 Bodinnick, 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.
Every month, properties are sold on the platform of Rightmove in Bodinnick and you can explore the topics below related to sales that give you an overview of the market.
Properties to Rent in Bodinnick on Rightmove
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
Analysing the rate of education in Bodinnick from Rightmove
When considering Bodinnick, its population reaches 3410 individuals. It is useful to note that around 32% of the residents have attained a higher level of education and the average household income in the area is £37,102.17. 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.
In Bodinnick, here’s what Rightmove data says about social rent and affordable housing
Through some digging, we found the level of social rent in the area. Currently, this figure is 15% as the percentage of people who are leasing directly from the government. In the area of Bodinnick, the average household income is £37,102.17 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.
What questions are asked most frequently?
Discover the mean property value in Bodinnick as reported on Rightmove.
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Bodinnick, the mean selling price for houses in the area is £375,397. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
Does exploring properties on Rightmove within Bodinnick come with any fees you may not be aware of?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Bodinnick?
The current crime rate in Bodinnick is such that 3300% incidents are recorded for every 1000 residents.
What’s the frequency of property sales per month in Bodinnick as reported by listing portals?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 3. To learn more about houses for sale and why this data is important
What’s the average cost of a three-bedroom property in Bodinnick 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