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 Boughton 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 30 number of properties that are sold.
On Rightmove and in Boughton, how many HMOs are licenced?
The average asking price for a House in Multiple Occupation (HMO) in Boughton is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Boughton is £526 and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.
Will you be moving into somewhere with a lot of green space if you moved to Boughton?
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 Boughton, the current data indicates the presence of 19.8 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.
Properties to Rent in Boughton on Rightmove
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.
How to examine income data from Rightmove for Boughton
In the city of Boughton, the population is 37038. Out of all of these people, it is worth noting the education level. 22% have a degree (a higher level educational degree). Also, the average household income of the area is £43,305.56. 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.
What is the outlook for social rent and affordable housing according to Rightmove in Boughton?
Through some digging, we found the level of social rent in the area. Currently, this figure is 11% as the percentage of people who are leasing directly from the government. In the area of Boughton, the average household income is £43,305.56 too. This is another figure to reference and compare to the £34,000 average national salary to see who is in financial hardship. You may wonder why it is necessary to have this information and the answer is because it’s important you live in an area that suits your income as life is generally more enjoyable when you pick somewhere to live amongst others in a similar situation.
A list of properties for Sale in Boughton on Rightmove
Every month, properties are sold on the platform of Rightmove in Boughton and you can explore the topics below related to sales that give you an overview of the market.
On average and according to Rightmove data, what do properties sell for?
The average sold price of properties in Boughton, UK, available on Rightmove is £221,382. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
|Category of property||Average price|
Property investment opportunities presented on Rightmove in Boughton
Based on Rightmove, there is a lot of data you can gather about Boughton and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £875. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is NN2, for a two bed is, no relevant data for this city, a three bed is £953. Finally, a four bed average asking price is no relevant data for this city, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.
A closer look at rental yield on Rightmove in Boughton
Rental yield in Boughton 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 Boughton’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.
Investment analysis of Rightmove property in Boughton
When considering buying a house for an investment in the area of West Midlands, 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 30. 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 Boughton it is 1.17. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been no relevant data for this city. So, you can make of that as you will.
In terms of the number of planning permission applications on Rightmove, what should there be in Boughton?
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 Boughton, this number is 10 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 Boughton, you may be able to do the same and make some money.
Frequently asked Questions
In the city of Boughton, what is the median property price?
In Boughton, the mean price for residential properties up for sale is £221,382. 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 Boughton?
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)
According to Rightmove data, how prevalent is crime in Boughton’s vicinity?
The city of Boughton currently has a crime rate where for every 1000 people who live there 12000% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
According to online listings, what’s the count of property transactions per month in Boughton?
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 30 as of recent data.
On Rightmove, how much does a three-bed property typically cost in Boughton?
The mean asking price for a property featuring three bedrooms stands at £953.