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 Bridgend so you can make the best decisions and make money on your property purchases. Getting involved in one of the 22 property deals that come off the market each month.
From Rightmove listings, what is the availability of green space in Bridgend
In Bridgend, the available data reveals that there are 23.4 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.
On Rightmove and in Bridgend, how many HMOs are licenced?
When it comes to renting in Bridgend, 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 no relevant data for this city 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 Bridgend, giving you an idea of the variety and options available in the market.
Properties for sale in Bridgend on Rightmove
On average and according to Rightmove data, what do properties sell for?
In the area of Bridgend in the UK, the average sold price of a property is around £193,213. 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||£183,841|
An overview of Bridgend property in Rightmove from an investment perspective
When contemplating an investment property, you can look at the figures of turnover, the number of sales there are every month in the area, and the population change over ten years. The below table is related to the city rather than the wider area of South West. However, you can find data for the wider region here.
|Data for Bridgend||Average for the UK|
|Property sales per month||22||576,000|
|Population growth over 10 years||6%||6.5%|
It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of South West.
Bridgend’s rental yield on Rightmove explained
Bridgend 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 Bridgend, is worked out by dividing the net rental income of a property by the purchase price.
How Rightmove listings in Bridgend help you make an investment
In the area, average asking rents are around £895. 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 Bridgend.
|Average asking rent||Number of bedrooms in house|
|no relevant data for this city||5|
|no relevant data for this city||4|
|no relevant data for this city||3|
|no relevant data for this city||2|
On Rightmove, how many planning permission applications are there based in Bridgend?
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 Bridgend, this number is 14 every month and the success rate for planning permission is nan.
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 Bridgend, you may be able to do the same and make some money.
The greater the number of sales per month in the area of Bridgend, 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 in Bridgend, what properties are available to rent?
Understanding education levels in the area of Bridgend
In the city of Bridgend, the population is 139943. Out of all of these people, it is worth noting the education level. 24% have a degree (a higher level educational degree). Also, the average household income of the area is £37,102.17. 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.
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 Bridgend, 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 2% in Bridgend. And they have an average household income of £37,102.17. 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.