Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Boxted, aiming to guide your investment decisions.
It’s worth noting that currently, 36 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
A list of properties for Sale in Boxted on Rightmove
On average and according to Rightmove data, what do properties sell for?
In the area of Boxted in the UK, the average sold price of a property is around £289,774. 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||£276,267|
A look into Rightmove’s Boxted property as an Investment
When considering buying a house for an investment in the area of East of England, 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 36. 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 Boxted it is 0.2. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 15%. 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 Boxted?
In the UK, planning applications result in a success rate of 82% most of the time. In Boxted, 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 11 monthly planning applications in Boxted, 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.
A closer look at rental yield on Rightmove in Boxted
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 Boxted 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 Boxted, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
Every month, properties are sold on the platform of Rightmove in Boxted and you can explore the topics below related to sales that give you an overview of the market.
Property investment opportunities presented on Rightmove in Boxted
In the area, average asking rents are around £1,279. 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 Boxted.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||2|
How much green space do properties have in Boxted according to Rightmove?
In Boxted, the available data reveals that there are 27.0 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.
According to Rightmove data in Boxted, is it worth moving into a HMO?
When it comes to renting in Boxted, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is £2,065. This data is particularly valuable for individuals seeking affordable rental options or like the idea of renting with housemates. If you are looking for more of an expensive property, there are £522 HMO properties with an ensuite too. Contrary to what you may believe, not all HMOs have to be cramped with a lack of space. A HMO with an ensuite will mean you won’t have to come out of your room to use the bathroom, making things very convenient.
According to the most recent Rightmove data, there are a total of nan licensed HMOs in Boxted, giving you an idea of the variety and options available in the market.
Properties to Rent in Boxted on Rightmove
Boxted’s demographics and income insights based on Rightmove data
In the city of Boxted, the population is 47821. 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 £45,160.56. 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
In Boxted, in terms of affordable housing and social rent, what does Rightmove data show?
Through some digging, we found the level of social rent in the area. Currently, this figure is 8% as the percentage of people who are leasing directly from the government. In the area of Boxted, the average household income is £45,160.56 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.
Frequently Asked Questions by Rightmove users
What is the average property price in Boxted on Rightmove?
The average property price for the UK currently stands at £286,000. In the local area of Boxted, the average price of a house for sale in the area is £289,774
In the process of property hunting on Rightmove in Boxted, do hidden costs come into play?
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)
Is there substantial criminal activity in the area around Boxted as indicated by Rightmove?
In Boxted, the prevailing crime rate results in 13900% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
In Boxted, how many sales per month are there according to listing portals?
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 36 as of recent data.
On Rightmove, how much does a three-bed property typically cost in Boxted?
Properties with three bedrooms command an average asking price of £1,033. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.