Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Bon-y-maen and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 32 number of properties that are sold.
In the city of Bon-y-maen, regarding Rightmove, what would it look like living in a HMO?
Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at £1,757.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Bon-y-maen.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Bon-y-maen, there are 1082 for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at £456.
By analysing Rightmove in Bon-y-maen, is there a lot of green, outdoor space?
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 Bon-y-maen, the current data indicates that there are 20.1 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.
Home listings in Bon-y-maen on the platform of Rightmove
An overview of Bon-y-maen property in Rightmove from an investment perspective
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 32 properties are sold each month), you can work out the turnover too, which is 0.19 in Bon-y-maen.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 4%. Also comparing this data to an area slightly bigger, such as Wales by visiting our page for this, you can find additional data to help you on your search too.
Looking to buy a house? Rightmove offers a diverse selection of properties for sale. Some of these listings are sold to homeowners and some are sold to investors looking to make a return. Check out more data related to properties for sale in other areas by checking out our list of properties that are for sale throughout the UK if you are interested in comparing Bon-y-maen to other regions.
In the area, using Rightmove data, what are most people selling their property for?
Using Rightmove, there is an average sold price of property that is £124,465 in Bon-y-maen. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
Bon-y-maen’s rental yield on Rightmove explained
Rental yield in Bon-y-maen 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 Bon-y-maen’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.
How Rightmove listings in Bon-y-maen help you make an investment
There is a fair amount of insight that you can gather from the city of Bon-y-maen 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 £841.
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|
In Bon-y-maen, what are the number of planning permission applications on Rightmove?
Applying for planning permission in Bon-y-maen 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 79% 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 Bon-y-maen too, there is a decent amount of opportunity to buy, renovate and make a profit.
In Bon-y-maen, what property are people trying to rent on Rightmove?
Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.
What is the Rightmove data regarding social rent and affordable housing in Bon-y-maen?
There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 24%. Also, in Bon-y-maen, the average amount that people earn per household is £37,000.00. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.
Analysing the rate of education in Bon-y-maen from Rightmove
In the city of Bon-y-maen, the population is 47397. Out of all of these people, it is worth noting the education level. 20% have a degree (a higher level educational degree). Also, the average household income of the area is £37,000.00. This is important to understand for renters as if the degree level is above the average of 22.6%, your neighbours will likely be higher earners. This is not always the case and there are still other factors that determine the quality of your neighbours but taking a note of the degree is always useful.
Frequently asked Questions
Uncover the typical property asking price in Bon-y-maen through Rightmove data.
The average property price for the UK currently stands at £286,000. In the local area of Bon-y-maen, the average price of a house for sale in the area is £124,465
On Rightmove, are there any hidden costs when searching for property in the city of Bon-y-maen?
It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.
According to Rightmove data, how prevalent is crime in Bon-y-maen’s vicinity?
The current crime rate in Bon-y-maen is such that 20600% incidents are recorded for every 1000 residents.
How many monthly property sales does Bon-y-maen witness according to listing platforms?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is 32. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
According to Rightmove, what’s the mean price of a three-bedroom property in Bon-y-maen?
For properties encompassing three bedrooms, the typical asking price hovers around £1,059. This can be contrasted with the mean property valuations.