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A guide on Rightmove property in Bothal

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ A guide on Rightmove property in Bothal

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 Bothal 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 28 number of properties that are sold.

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In Bothal, 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.

Analysing the rate of education in Bothal from Rightmove

Within the city of Bothal, the population amounts to 32422 individuals. Among these residents, it is notable that approximately 27% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £37,267.86. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.

What is the level of Rightmove affordable housing and social rent in Bothal?

If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 7% of individuals in Bothal 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 £37,267.86. Most people in the Uk earn around £34,000 which is convenient for comparison.

According to Rightmove data in Bothal, is it worth moving into a HMO?

Currently, the number of licensed HMOs stands at nan that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is no relevant data for this city.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Bothal. Understanding where is best to rent in Bothal involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.

Will you be moving into somewhere with a lot of green space if you moved to Bothal?

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 Bothal, the current data indicates that there are 33.7 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.

A list of properties for Sale in Bothal on Rightmove

Property investment opportunities presented on Rightmove in the city of Bothal

In the area, average asking rents are around £807. This tends to differ depending on the size of the property you are buying and the number of rooms they have. You can read more about these metrics below. For reference, the yields in the area are £0.
Combining the data of yield with the price of rent can give you a good idea about the types of investments in the area. For instance, if a property has a low yield and also low rents, it is likely a lower return, single family buy to let in a less in demand area of Bothal.

Average asking rent Number of bedrooms in house
no relevant data for this city 5
no relevant data for this city 4
no relevant data for this city 3
no relevant data for this city 2
NE61 1

Bothal’s rental yield on Rightmove explained

A serious investor will know what yield is and how to work it out. The formula is true for Bothal and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Bothal the figure is £0.
This £0 as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.

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 Bothal is talked about below and in the following headings.

An overview of Bothal property in Rightmove from an investment perspective

In the area of Bothal, Rightmove records consistent sales of 28 properties each month, generating an average yearly turnover of 0.85. This turnover is just from property sales relative to the properties that there already are and 3% is the population change over ten years.



All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.



Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of North East by looking at further houses for sale here.

In terms of the number of planning permission applications on Rightmove, what should there be in Bothal?

In the UK, planning applications result in a success rate of 82% most of the time. In Bothal, people plan to make modifications to their properties and apply for planning permission with a planning success rate of 88%.

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 13 monthly planning applications in Bothal, 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.

What is a commons purchase price for property on Rightmove?

By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Bothal. With an overall sold price of approximately £214,017, 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 £155,317
Terraced house £132,334
Semi-detached house £166,136
detached house £325,998

Frequently asked Questions

Uncover the typical property asking price in Bothal through Rightmove data.

At present, within the confines of Bothal, the mean price for houses listed for sale is £214,017.

Does exploring properties on Rightmove within Bothal come with any fees you may not be aware of?

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.

Does Rightmove data indicate a high occurrence of crime in the vicinity of Bothal?

The Bothal community presently experiences a crime rate where 94 infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.

What are the house sales per month in Bothal?

28 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to

On Rightmove, what is the average price of a three-bed property in Bothal?

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

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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