In the UK, there is a lot that goes into deciding on the right place to buy. The decision gets even more complex if you are buying for an investment as you will have to think a bit more logically rather than thinking emotionally when buying a property. In this article, we go over what the Rightmove data looks like for the city of Brampton so you can make the best decisions and make money on your property purchases. Getting involved in one of the 19 property deals that come off the market each month.
On Rightmove and in Brampton, how many HMOs are licenced?
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 Brampton.
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 Brampton, 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 £467.
How much green space do properties have in Brampton according to Rightmove?
Green space is highly recommended for everyone’s well-being, but it is often compromised. Urban areas, in particular, tend to have insufficient green space compared to the recommended benchmark of 6 acres per thousand people according to Fields in Trust seen here. In Brampton, the current data indicates that there are 21.0 acres of green space available per thousand residents. By comparing this figure to the recommended standard of 6, we can assess the adequacy of green space in the area based on Rightmove data.
Properties to Rent in Brampton on Rightmove
Concerning Rightmove, what is the education level like in Brampton?
In the city of Brampton, the population is 63167. Out of all of these people, it is worth noting the education level. 28% have a degree (a higher level educational degree). Also, the average household income of the area is £40,546.15. 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 Brampton?
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, 7% of individuals in Brampton rely on government rent and the average household income in the district is £40,546.15.
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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
Properties for sale in Brampton on Rightmove
Exploring Brampton’s real estate investment potential on Rightmove
In the area of Brampton, Rightmove records consistent sales of 19 properties each month, generating an average yearly turnover of 0.26. This turnover is just from property sales relative to the properties that there already are and 5% 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 Midlands by looking at further houses for sale here.
Is it important to look at yield in Brampton in further detail?
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 Brampton 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 Brampton, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
The greater the number of sales per month in the area of Brampton, 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.
On Rightmove, how many planning permission applications are there based in Brampton?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Brampton, the people who own homes in this area have a rate of planning success of nan. Individuals usually seek to modify their properties and apply for planning permission whenever they are trying to increase the value of a home.
This means investors should take note of this data in Brampton. An above-average success rate indicates that property renovations have been proven to work and are repeatable or it could mean that a lot of the properties in the area are very simple in design. This presents an opportunity for investors to assess successful strategies in the area and adopt similar approaches and of the 14 that take place each month, this is likely the case a lot of the time.
Property investment opportunities presented on Rightmove in Brampton
Based on Rightmove, there is a lot of data you can gather about Brampton 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 £784. 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 LN1, for a two bed is, £657, a three bed is £795. 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.
What are properties sold for on average on Rightmove?
By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Brampton. With an overall sold price of approximately £197,345, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.
|Class of property||Average sale|
Frequently asked Questions
What is the average property price in Brampton on Rightmove?
The average property price for the UK currently stands at £286,000. In the local area of Brampton, the average price of a house for sale in the area is £197,345
Are there any undisclosed expenses associated with property searches on Rightmove within Brampton?
It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.
Is there a lot of crime in the area of Brampton according to Rightmove?
The ongoing crime rate in Brampton indicates 13100% instances for every 1000 citizens.
What are the house sales per month in Brampton?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 19. To learn more about houses for sale and why this data is important
According to Rightmove, what’s the mean price of a three-bedroom property in Brampton?
Properties with three bedrooms command an average asking price of £795. 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.