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 Bricket Wood 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 14 number of properties that are sold.
In the city of Bricket Wood, regarding Rightmove, what would it look like living in a HMO?
When it comes to renting in Bricket Wood, it’s important to consider the average asking price for a House in Multiple Occupation (HMO), which is no relevant data for this city. 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 £667 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 36 licensed HMOs in Bricket Wood, giving you an idea of the variety and options available in the market.
Will you be moving into somewhere with a lot of green space if you moved to Bricket Wood?
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 Bricket Wood, the current data indicates that there are 31.5 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 Bricket Wood on Rightmove
Analysing the rate of education in Bricket Wood from Rightmove
Within the city of Bricket Wood, the population amounts to 23314 individuals. Among these residents, it is notable that approximately 36% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £50,545.24. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.
What is the Rightmove data regarding social rent and affordable housing in Bricket Wood?
Through some digging, we found the level of social rent in the area. Currently, this figure is 10% as the percentage of people who are leasing directly from the government. In the area of Bricket Wood, the average household income is £50,545.24 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.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
A list of properties for Sale in Bricket Wood on Rightmove
From Bricket Wood’s Rightmove data, 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 Bricket Wood, this number is 20 every month and the success rate for planning permission is 80%.
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 Bricket Wood, you may be able to do the same and make some money.
Linking rental yields with Rightmove property listings in Bricket Wood
As you may be aware, rental yield is an extremely important metric to judge how effective a property is in terms of producing a return on investment. In the city of Bricket Wood, there is an average of £0 for rental yield.
Bricket Wood can be compared to the rest of the UK that tends to have an average of around 4.4% yield where the higher the yield the higher the return on the amount of money in the deal. This is because the area’s rental yield of £0 is first worked out by multiplying the monthly rent by twelve to find the annual rent. Then, you take away the associated costs of the property from the annual rental income to find the net rent. This net rent can then be divided by the purchase price and multiplied by 100 to find the rental yield as a percentage.
It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Bricket Wood is talked about below and in the following headings.
Investment analysis of Rightmove property in Bricket Wood
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 14 properties are sold each month), you can work out the turnover too, which is 1.32 in Bricket Wood.
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 7%. Also comparing this data to an area slightly bigger, such as East of England by visiting our page for this, you can find additional data to help you on your search too.
What are properties sold for on average on Rightmove?
Using Rightmove, there is an average sold price of property that is £495,647 in Bricket Wood. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
Property investment opportunities presented on Rightmove in the city of Bricket Wood
In Bricket Wood, the average asking rent in the area is £1,315 and there is a table below that goes over the asking rent for every type of property there is. Also, in Bricket Wood, 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|
|3||no relevant data for this city|
|2||no relevant data for this city|
What are some frequently asked questions?
How much does the average property cost in Bricket Wood according to Rightmove data?
The average property price for the UK currently stands at £286,000. In the local area of Bricket Wood, the average price of a house for sale in the area is £495,647
In the process of property hunting on Rightmove in Bricket Wood, do hidden costs come into play?
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.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Bricket Wood?
The ongoing crime rate in Bricket Wood indicates 7800% instances for every 1000 citizens.
How many monthly property sales does Bricket Wood witness according to listing platforms?
14 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
What’s the average cost of a three-bedroom property in Bricket Wood as per Rightmove data?
Properties with three bedrooms command an average asking price of no relevant data for this city. 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.