11 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Bristol contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.
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On Rightmove in Bristol, what properties are available to rent?
How to examine income data from Rightmove for Bristol
When considering Bristol, its population reaches 735867 individuals. It is useful to note that around 32% of the residents have attained a higher level of education and the average household income in the area is £42,548.61. 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.
In Bristol, in terms of affordable housing and social rent, what does Rightmove data show?
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, 17% of individuals in Bristol rely on government rent and the average household income in the district is £42,548.61.
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.
Looking to rent? Find the most valuable data points for the process of renting below. See our full list of areas in the UK with data from Rightmove if you want to compare these rents to other areas in the UK.
A list of properties for Sale in Bristol on Rightmove
Property investment opportunities presented on Rightmove in the city of Bristol
In the area, average asking rents are around £1,273. 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 Bristol.
| Average asking rent | Number of bedrooms in house |
|---|---|
| no relevant data for this city | 5 |
| no relevant data for this city | 4 |
| £1,794 | 3 |
| £1,342 | 2 |
| BS1 | 1 |
Bristol’s rental yield on Rightmove explained
A serious investor will know what yield is and how to work it out. The formula is true for Bristol and everywhere else in the UK. Simply calculate net rental yield and the purchase price of the home and then divide the former by the latter. When this calculation is done, for Bristol the figure is £0.
This £0 as a percentage is essentially the amount of money that a landlord makes from the deal in relation to the amount of money they have invested. Take a look at other calculations too like return on capital invested to get a return that is comparable to a direct “return on investment” calculation such as that of a bank.
Exploring Bristol’s real estate investment potential on Rightmove
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 Bristol | Average for the UK | |
|---|---|---|
| Turnover | 0.78 | 19% |
| Property sales per month | 11 | 576,000 |
| Population growth over 10 years | 9% | 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.
On Rightmove, how many planning permission applications are there based in Bristol?
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 Bristol, this number is 6 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 Bristol, you may be able to do the same and make some money.
In the area, using Rightmove data, what are most people selling their property for?
In the area of Bristol in the UK, the average sold price of a property is around £325,847. 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 |
|---|---|
| detached house | £459,775 |
| Semi detached house | £349,401 |
| Terraced house | £310,451 |
| Flat | £202,522 |
Every month, properties are sold on the platform of Rightmove in Bristol and you can explore the topics below related to sales that give you an overview of the market.
How much green space do properties have in Bristol according to Rightmove?
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 Bristol, the available data reveals that there are 20.1 acres of green space per thousand residents. For health reasons, there should be 6 acres.
On Rightmove and in Bristol, how many HMOs are licenced?
The average asking price for a House in Multiple Occupation (HMO) in Bristol is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Bristol is £722 and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.
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