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 Bradford 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 4 number of properties that are sold.
Home listings in Bradford on the platform of Rightmove
What are properties sold for on average on Rightmove?
When exploring the property market in Bradford, 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 £127,283, 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|
On Rightmove, how many planning permission applications are there based in Bradford?
The city of Bradford, according to Rightmove listings, has a commendable planning success rate of nan and there are around 3 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Bradford.
Every month, properties are sold on the platform of Rightmove in Bradford and you can explore the topics below related to sales that give you an overview of the market.
Bradford’s rental yield on Rightmove explained
Rental yield in Bradford 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 Bradford’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.
Property investment opportunities presented on Rightmove in the city of Bradford
Rightmove data can tell you a lot about the average asking rents of the area of Bradford. For example, the table below goes over how rents are distributed according to the number of rooms in the property. Also, the national figure for rental yield that is most common is 4.4%. The £0 which is the average yield of rent in the area can be compared for reference.
Read on to see what kind of rent you are looking to charge if you bought a property to see what size is best. Bear in mind as you do so that the average amount of rent that is asked for is £632.
|no relevant data for this city||5|
|no relevant data for this city||4|
|no relevant data for this city||3|
A look into Rightmove’s Bradford property as an Investment
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 4 properties are sold each month), you can work out the turnover too, which is 0.74 in Bradford.
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 5%. Also comparing this data to an area slightly bigger, such as North West by visiting our page for this, you can find additional data to help you on your search too.
How much outdoor space is there in Bradford?
In Bradford, the available data reveals that there are 14.6 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.
In the city of Bradford, regarding Rightmove, what would it look like living in a HMO?
Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Bradford.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Bradford, there are nan for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at no relevant data for this city.
In Bradford, what property are people trying to rent on Rightmove?
Analysing the rate of education in Bradford from Rightmove
In the city of Bradford, the population stands at 419423 individuals. Among this population, it is noteworthy to consider the educational levels. Approximately 19% of the residents hold a higher-level educational degree.
Additionally, the average household income in the area amounts to £38,322.37. This information is significant for renters, as a higher percentage of degree holders compared to the regional average of 22.6% suggests that your neighbours are likely to be higher earners. While other factors influence neighbour quality too, considering the education level remains beneficial as you’d likely want to be around people you are similar to.
Looking to rent? Find the most valuable data points for the process of renting below. See our full list of areas in the UK with data from Rightmove if you want to compare these rents to other areas in the UK.
In Bradford, 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 25% in Bradford. And they have an average household income of £38,322.37. 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.
Frequently asked Questions
In the city of Bradford, what is the median property price?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Bradford, the mean selling price for houses in the area is £127,283. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
On Rightmove, are there any hidden costs when searching for property in the city of Bradford?
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.
According to Rightmove data, how prevalent is crime in Bradford’s vicinity?
The Bradford community presently experiences a crime rate where 22100% infractions are documented for every 1000 inhabitants. A reference point is the national average of 79.52 incidents for every 1000 individuals. So, if the crime rate in the area is above this figure, there is more crime than usual. If it is below this figure then there is less crime than usual.
What are the house sales per month in Bradford?
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 4 as of recent data.
On Rightmove, how much does a three-bed property typically cost in Bradford?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.