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 Bolsover so you can make the best decisions and make money on your property purchases. Getting involved in one of the 13 property deals that come off the market each month.
By analysing Rightmove in Bolsover, is there a lot of green, outdoor space?
Green space is a vital element that is often compromised in different locations, hindering its availability. For instance, urban areas frequently fall short of the recommended benchmark of 6 acres of green space per thousand people. In Bolsover, the available data reveals that there are 21.0 acres of green space per thousand residents. For health reasons, there should be 6 acres.
On Rightmove and in Bolsover, how many HMOs are licenced?
When it comes to renting in Bolsover, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is no relevant data for this city. This data is particularly valuable for individuals seeking affordable rental options or like the idea of renting with housemates. If you are looking for more of an expensive property, there are £446 HMO properties with an ensuite too. Contrary to what you may believe, not all HMOs have to be cramped with a lack of space. A HMO with an ensuite will mean you won’t have to come out of your room to use the bathroom, making things very convenient.
According to the most recent Rightmove data, there are a total of nan licensed HMOs in Bolsover, giving you an idea of the variety and options available in the market.
On Rightmove in Bolsover, what properties are available to rent?
In Bolsover, 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, 12% of individuals in Bolsover 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 £40,546.15. Most people in the Uk earn around £34,000 which is convenient for comparison.
Bolsover’s demographics and income insights based on Rightmove data
When considering Bolsover, its population reaches 26229 individuals. It is useful to note that around 11% of the residents have attained a higher level of education and the average household income in the area is £40,546.15. 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.
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 Bolsover, what does the property sales data look like based on Rightmove?
How Rightmove listings in Bolsover help you make an investment
Based on Rightmove, there is a lot of data you can gather about Bolsover 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 £698. 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 NG20, 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 £809, 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.
In the area, using Rightmove data, what are most people selling their property for?
In the area of Bolsover in the UK, the average sold price of a property is around £130,918. 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|
|Semi detached house||£120,858|
A quick insight into Rightmove property Bolsover
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 East Midlands. However, you can find data for the wider region here.
|Data for Bolsover||Average for the UK|
|Property sales per month||13||576,000|
|Population growth over 10 years||6%||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 East Midlands.
A closer look at rental yield on Rightmove in Bolsover
Rental yield is simply the annual amount of rent that is made from a property after expenses calculated as a percentage. As of 2023, the yield of Bolsover is £0.
It is a wise idea to compare this figure to the rest of the UK. Areas with extremely high yields can get as high as 10% but on the low end where property is very expensive such as in Chelsea, London, yields can be as low as 1%. So use the figure of £0 for comparison.
Usually, when looking to invest in Bolsover, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
Every month, properties are sold on the platform of Rightmove in Bolsover and you can explore the topics below related to sales that give you an overview of the market.
In terms of the number of planning permission applications on Rightmove, what should there be in Bolsover?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Bolsover, the people who own homes in this area have a rate of planning success of nan. 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 Bolsover. 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 7 that take place each month, this is likely the case a lot of the time.