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 Bournemouth 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 22 number of properties that are sold.
Properties to Rent in Bournemouth on Rightmove
In Bournemouth, in terms of affordable housing and social rent, what does Rightmove data show?
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 10% in Bournemouth. And they have an average household income of £40,892.50. 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.
Bournemouth’s demographics and income insights based on Rightmove data
In the city of Bournemouth, the population is 322164. Out of all of these people, it is worth noting the education level. 27% have a degree (a higher level educational degree). Also, the average household income of the area is £40,892.50. 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
On Rightmove, how are properties listed for sale?
Investment analysis of Rightmove property in Bournemouth
When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.
By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 22 properties are sold each month), you can work out the turnover too, which is 0.74 in Bournemouth.
Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 6%. Also comparing this data to an area slightly bigger, such as South West by visiting our page for this, you can find additional data to help you on your search too.
The greater the number of sales per month in the area of Bournemouth, 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.
Property investment opportunities presented on Rightmove in the city of Bournemouth
In Bournemouth, the average asking rent in the area is £1,307 and there is a table below that goes over the asking rent for every type of property there is. Also, in Bournemouth, 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|
|5||no relevant data for this city|
|4||no relevant data for this city|
A closer look at rental yield on Rightmove in Bournemouth
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 Bournemouth 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 Bournemouth, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
In Bournemouth, analysing Rightmove, what are the number of planning permission applications?
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 Bournemouth, this number is 7 every month and the success rate for planning permission is 69%.
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 Bournemouth, you may be able to do the same and make some money.
Average sold prices of properties on Rightmove
When exploring the property market in Bournemouth, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £326,231, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.
|Property type||Average selling point|
What are the number of HMOs on Rightmove that are licenced in the area of Bournemouth?
The average asking price for a House in Multiple Occupation (HMO) in Bournemouth 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 Bournemouth is £593 and there are also 312 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 Bournemouth?
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 Bournemouth, this is 17.8. Compare this figure of 6 which is recommended to have and the data for Bournemouth to tell how much green space is around.