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 Bray so you can make the best decisions and make money on your property purchases. Getting involved in one of the 50 property deals that come off the market each month.
How much outdoor space is there in Bray?
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 Bray, this is 23.1. Compare this figure of 6 which is recommended to have and the data for Bray to tell how much green space is around.
How many HMOs are licenced in the city of Bray on Rightmove?
Currently, the number of licensed HMOs stands at 54 that come at an average price to rent of no relevant data for this city. You can also see the difference between the price of a standard HMO room and the average price of a HMO room with an ensuite which is £620.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Bray. Understanding where is best to rent in Bray involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
Home listings in Bray on the platform of Rightmove
Average sold prices of properties on Rightmove
The average sold price of properties in Bray, UK, available on Rightmove is £487,623. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
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Every month, properties are sold on the platform of Rightmove in Bray and you can explore the topics below related to sales that give you an overview of the market.
Linking rental yields with Rightmove property listings in Bray
Bray 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 Bray, is worked out by dividing the net rental income of a property by the purchase price.
Investment analysis of Rightmove property in Bray
As you delve into the property landscape of Bray in the region of South East, Rightmove becomes an invaluable resource that provides data that can be looked at every month.
Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 50. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.
So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is 0.95. Every decade population change should also be considered. This figure stands at 5% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like South East.
In Bray, what are the number of planning permission applications on Rightmove?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Bray, the people who own homes in this area have a rate of planning success of 84%. 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 Bray. 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 80 that take place each month, this is likely the case a lot of the time.
Property investment opportunities presented on Rightmove in Bray
Rightmove data can tell you a lot about the average asking rents of the area of Bray. 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 £1,504.
According to Rightmove data from Bray, what properties are renting?
Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.
In Bray, here’s what Rightmove data says about social rent and affordable housing
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, 6% of individuals in Bray rely on government rent and the average household income in the district is £58,393.33.
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.
Understanding education levels in the area of Bray
In the city of Bray, the population is 77308. Out of all of these people, it is worth noting the education level. 37% have a degree (a higher level educational degree). Also, the average household income of the area is £58,393.33. 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.
In the city of Bray, what is the median property price?
The average property price for the UK currently stands at £286,000. In the local area of Bray, the average price of a house for sale in the area is £487,623
When utilising Rightmove for finding property in Bray, are there any charges to consider?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
Is there a lot of crime in the area of Bray according to Rightmove?
The city of Bray currently has a crime rate where for every 1000 people who live there 7800% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What are the house sales per month in Bray?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 50 properties are being sold every month.
What’s the average cost of a three-bedroom property in Bray as per Rightmove data?
The average cost to rent a property with three bedrooms is £1,520. This can be weighed against the average property price trends.