In this overview, we’ll delve into the Rightmove data for Botley, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 16 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
On Rightmove and in Botley, how many HMOs are licenced?
In Botley, 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 Botley is currently £725, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.
By analysing Rightmove in Botley, is there a lot of green, outdoor space?
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 Botley, this is 30.9. Compare this figure of 6 which is recommended to have and the data for Botley to tell how much green space is around.
On Rightmove in Botley, what properties are available to rent?
Understanding education levels in the area of Botley
Within the city of Botley, the population amounts to 71768 individuals. Among these residents, it is notable that approximately 44% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £50,882.35. 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
In Botley, here’s what Rightmove data says about social rent and affordable housing
It is well researched and understood that humans like to associate themself with similar people and this is why it’s important to find an area where people are earning a similar amount to you. The percentage of people who are renting from the government is 12% in Botley. And they have an average household income of £50,882.35. If you think these numbers are similar to your financial situation or reflect an area you want to live in, then this is a good sign.
Properties for sale in Botley on Rightmove
A closer look at rental yield on Rightmove in Botley
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 Botley 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 Botley, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
How to invest in property in Botley using Rightmove data
In the area, average asking rents are around £1,333. 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 Botley.
|Average asking rent||Number of bedrooms in house|
In terms of the number of planning permission applications on Rightmove, what should there be in Botley?
In the UK, planning applications result in a success rate of 82% most of the time. In Botley, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.
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 27 monthly planning applications in Botley, 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 are properties sold for on average on Rightmove?
In the area of Botley in the UK, the average sold price of a property is around £442,496. 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||£467,378|
Investment analysis of Rightmove property in Botley
When considering buying a house for an investment in the area of South East, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is 16. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Botley it is 0.85. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 8%. So, you can make of that as you will.
Every month, properties are sold on the platform of Rightmove in Botley and you can explore the topics below related to sales that give you an overview of the market.