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 Bourne 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 20 number of properties that are sold.
Properties for sale in Bourne on Rightmove
What are properties sold for on average on Rightmove?
Using Rightmove, there is an average sold price of property that is £231,784 in Bourne. 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.
|Average price of property
A quick insight into Rightmove property Bourne
In the area of Bourne, Rightmove records consistent sales of 20 properties each month, generating an average yearly turnover of 1.32. This turnover is just from property sales relative to the properties that there already are and 8% 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 East of England by looking at further houses for sale here.
A closer look at rental yield on Rightmove in Bourne
Bourne averages at £0 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 £0 in Bourne, is worked out by dividing the net rental income of a property by the purchase price.
On Rightmove, how many planning permission applications are there based in Bourne?
The city of Bourne, according to Rightmove listings, has a commendable planning success rate of nan and there are around 6 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Bourne.
How can property investments be made using Rightmove data?
In Bourne, the average asking rent in the area is £848 and there is a table below that goes over the asking rent for every type of property there is. Also, in Bourne, the average yield of properties is £0. 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
|no relevant data for this city
|no relevant data for this city
The greater the number of sales per month in the area of Bourne, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.
How much outdoor space is there in Bourne?
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 Bourne, this is 16.6. Compare this figure of 6 which is recommended to have and the data for Bourne to tell how much green space is around.
On Rightmove and in Bourne, how many HMOs are licenced?
The average asking price for a House in Multiple Occupation (HMO) in Bourne 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 Bourne is no relevant data for this city 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.
In Bourne, what property are people trying to rent on Rightmove?
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
Analysing the rate of education in Bourne from Rightmove
When considering Bourne, its population reaches 22032 individuals. It is useful to note that around 34% of the residents have attained a higher level of education and the average household income in the area is £37,109.09. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.
What is the Rightmove data regarding social rent and affordable housing in Bourne?
Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 10% of individuals in Bourne rely on government rent and the average household income in the district is £37,109.09.
Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.
If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.
What are some frequently asked questions?
Discover the mean property value in Bourne as reported on Rightmove.
The average property price for the UK currently stands at £286,000. In the local area of Bourne, the average price of a house for sale in the area is £231,784
In the process of property hunting on Rightmove in Bourne, do hidden costs come into play?
Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Bourne?
The current crime rate in Bourne is such that 5900% incidents are recorded for every 1000 residents.
What’s the frequency of property sales per month in Bourne as reported by listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 20 properties are being sold every month.
What’s the usual price range for a three-bedroom property on Rightmove in Bourne?
The average cost to rent a property with three bedrooms is £775. This can be weighed against the average property price trends.