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 Brighton 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 58 number of properties that are sold.
How much outdoor space is there in Brighton?
Green space is a vital element that is often compromised in different locations, hindering its availability. For instance, urban areas frequently fall short of the recommended benchmark of 6 acres of green space per thousand people. In Brighton, the available data reveals that there are 26.5 acres of green space per thousand residents. For health reasons, there should be 6 acres.
How many HMOs are licenced in the city of Brighton on Rightmove?
When it comes to renting in Brighton, 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 £651 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 Brighton, giving you an idea of the variety and options available in the market.
According to Rightmove data from Brighton, what properties are renting?
In Brighton, in terms of affordable housing and social rent, what does Rightmove data show?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 15% of individuals in Brighton rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £43,666.67. Most people in the Uk earn around £34,000 which is convenient for comparison.
Understanding education levels in the area of Brighton
When considering Brighton, its population reaches 277591 individuals. It is useful to note that around 39% of the residents have attained a higher level of education and the average household income in the area is £43,666.67. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.
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 Brighton, what does the property sales data look like based on Rightmove?
What is a commons purchase price for property on Rightmove?
The average sold price of properties in Brighton, UK, available on Rightmove is £383,953. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.
|Category of property||Average price|
Looking to buy a house? Rightmove offers a diverse selection of properties for sale. Some of these listings are sold to homeowners and some are sold to investors looking to make a return. Check out more data related to properties for sale in other areas by checking out our list of properties that are for sale throughout the UK if you are interested in comparing Brighton to other regions.
A deep dive into rental yield and how this impacts Brighton
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 Brighton, there is an average of £0 for rental yield.
Brighton 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.
In terms of the number of planning permission applications on Rightmove, what should there be in Brighton?
In the UK, planning applications result in a success rate of 82% most of the time. In Brighton, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.
This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 43 monthly planning applications in Brighton, property here is more difficult to conduct improvements on.
If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.
If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.
How to invest in property in Brighton using Rightmove data
Based on Rightmove, there is a lot of data you can gather about Brighton 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 £1,473. 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 BN1, for a two bed is, £1,335, a three bed is £1,754. Finally, a four bed average asking price is £2,372, and a five bed, £2,637. 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.
A quick insight into Rightmove property Brighton
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 East. However, you can find data for the wider region here.
|Data for Brighton||Average for the UK|
|Property sales per month||58||576,000|
|Population growth over 10 years||8%||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 East.
Frequently asked Questions
Discover the mean property value in Brighton as reported on Rightmove.
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Brighton, the average cost of a home available for purchase is £383,953. You can compare these figures to see how far away this city is from the average.
Does exploring properties on Rightmove within Brighton come with any fees you may not be aware of?
Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)
According to Rightmove data, how prevalent is crime in Brighton’s vicinity?
In Brighton, the prevailing crime rate results in 12175% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.
What’s the frequency of property sales per month in Brighton as reported by listing portals?
To comprehend the insights extracted from listing portals like Rightmove begin by acknowledging that the ongoing frequency of houses sold each month equates to 58. To learn more about houses for sale and why this data is important
On Rightmove, what is the average price of a three-bed property in Brighton?
The average price for a property that has three bedrooms is £1,754. This can be compared to average property prices