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 Boscastle 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 nan number of properties that are sold.
On Rightmove, how are properties listed for sale?
In the area, using Rightmove data, what are most people selling their property for?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Boscastle. With an overall sold price of approximately £309,432, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.
|Class of property||Average sale|
|Flat||no relevant data for this city|
On Rightmove, how many planning permission applications are there based in Boscastle?
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 Boscastle, this number is 2 every month and the success rate for planning permission is nan.
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 Boscastle, you may be able to do the same and make some money.
A quick insight into Rightmove property Boscastle
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 South West. However, you can find data for the wider region here.
|Data for Boscastle||Average for the UK|
|Property sales per month||nan||576,000|
|Population growth over 10 years||8%||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 South West.
Every month, properties are sold on the platform of Rightmove in Boscastle and you can explore the topics below related to sales that give you an overview of the market.
Linking rental yields with Rightmove property listings in Boscastle
Boscastle 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 Boscastle, is worked out by dividing the net rental income of a property by the purchase price.
Property investment opportunities presented on Rightmove in the city of Boscastle
In Boscastle, 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 Boscastle, 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|
On Rightmove in Boscastle, what properties are available to rent?
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.
Concerning Rightmove, what is the education level like in Boscastle?
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 £37,102.17 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.
Boscastle’s demographics also reveal a population of 939 individuals and a percentage of people with degrees falling at 26%. 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.
What is the outlook for social rent and affordable housing according to Rightmove in Boscastle?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 3% of individuals in Boscastle 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 £37,102.17. Most people in the Uk earn around £34,000 which is convenient for comparison.
From Rightmove listings, what is the availability of green space in Boscastle
Green space is something that is recommended to everyone to have but then again, it is often compromised in a lot of locations. For instance, in cities, the amount of green space is often well below the recommended figure of 6 acres of green space for every thousand people. In Boscastle, this is 23.4. Compare this figure of 6 which is recommended to have and the data for Boscastle to tell how much green space is around.
On Rightmove and in Boscastle, how many HMOs are licenced?
In Boscastle, 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 Boscastle 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.
In the city of Boscastle, what is the median property price?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Boscastle, the mean selling price for houses in the area is £309,432. 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 Boscastle come with any fees you may not be aware of?
Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)
Is there a lot of crime in the area of Boscastle according to Rightmove?
In Boscastle, the prevailing crime rate results in 27 occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
How many monthly property sales does Boscastle witness according to listing platforms?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that nan properties are being sold every month.
On Rightmove, what is the average price of a three-bed property in Boscastle?
For properties encompassing three bedrooms, the typical asking price hovers around no relevant data for this city. This can be contrasted with the mean property valuations.