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 Bontddu 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 3 number of properties that are sold.
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According to Rightmove data from Bontddu, what properties are renting?
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.
Analysing the rate of education in Bontddu from Rightmove
If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £34,188.24 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Bontddu’s demographics also reveal a population of 4210 individuals and a percentage of people with degrees falling at 27%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.
In Bontddu, in terms of affordable housing and social rent, what does Rightmove data show?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 8% of individuals in Bontddu 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 £34,188.24. Most people in the Uk earn around £34,000 which is convenient for comparison.
In Bontddu, what does the property sales data look like based on Rightmove?
How can property investments be made using Rightmove data?
In Bontddu, the average asking rent in the area is no relevant data for this city and there is a table below that goes over the asking rent for every type of property there is. Also, in Bontddu, the average yield of properties is no relevant data for this city. 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.
Number of bedrooms | Average asking rent |
---|---|
5 | no relevant data for this city |
4 | no relevant data for this city |
3 | no relevant data for this city |
2 | no relevant data for this city |
1 | LL40 |
Linking rental yields with Rightmove property listings in Bontddu
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 Bontddu, there is an average of no relevant data for this city for rental yield.
Bontddu 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 no relevant data for this city 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.
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 Bontddu is talked about below and in the following headings.
Investment analysis of Rightmove property in Bontddu
As you delve into the property landscape of Bontddu in the region of Wales, Rightmove becomes an invaluable resource that provides data that can be looked at every month.
Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 3. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.
So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is nan. Every decade population change should also be considered. This figure stands at 3% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like Wales.
What are properties sold for on average on Rightmove?
Using Rightmove, there is an average sold price of property that is £177,642 in Bontddu. 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 |
---|---|
Flat | no relevant data for this city |
Terraced house | £122,261 |
Semi-detached house | £154,319 |
detached house | £231,673 |
In Bontddu, what are the number of planning permission applications on Rightmove?
On Rightmove, there are a lot of people who plan to make amendments to their property and 8,000 people every month go through the process. In Bontddu, this number is 2 every month and the success rate for planning permission is 81%.
Rightmove records planning success as a good metric for investors to get a gauge on how familiar people are with renovating their homes. A higher success indicates investors have done improvements before and they are good at renovation. This suggests that if you are looking to buy in Bontddu, you may be able to do the same and make some money.
Will you be moving into somewhere with a lot of green space if you moved to Bontddu?
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 Bontddu, the current data indicates the presence of 50.1 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.
In the city of Bontddu, regarding Rightmove, what would it look like living in a HMO?
In Bontddu, 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 Bontddu 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.
Frequently Asked Questions by Rightmove users
How much does the average property cost in Bontddu according to Rightmove data?
In Bontddu, the mean price for residential properties up for sale is £177,642. The mean price for the average property valuation across the UK is £286,000.
On Rightmove, are there any hidden costs when searching for property in the city of Bontddu?
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.
According to Rightmove data, how prevalent is crime in Bontddu’s vicinity?
The ongoing crime rate in Bontddu indicates 7000% instances for every 1000 citizens.
According to online listings, what’s the count of property transactions per month in Bontddu?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 3 as of recent data.
On Rightmove, what is the average price of a three-bed property in Bontddu?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.
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