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 Brown Edge 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 51 number of properties that are sold.
How much outdoor space is there in Brown Edge?
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 Brown Edge, the current data indicates that there are 23.8 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.
On Rightmove and in Brown Edge, how many HMOs are licenced?
Currently, the number of licensed HMOs stands at 44 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 £470.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Brown Edge. Understanding where is best to rent in Brown Edge involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
Properties for sale in Brown Edge on Rightmove
Investment analysis of Rightmove property in Brown Edge
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 51 properties are sold each month), you can work out the turnover too, which is 0.63 in Brown Edge.
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 3%. Also comparing this data to an area slightly bigger, such as West Midlands by visiting our page for this, you can find additional data to help you on your search too.
On Rightmove, how many planning permission applications are there based in Brown Edge?
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 Brown Edge, this number is 20 every month and the success rate for planning permission is 96%.
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 Brown Edge, 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?
Using Rightmove, there is an average sold price of property that is £159,191 in Brown Edge. 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|
A deep dive into rental yield and how this impacts Brown Edge
Brown Edge 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 Brown Edge, is worked out by dividing the net rental income of a property by the purchase 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 Brown Edge to other regions.
Property investment opportunities presented on Rightmove in Brown Edge
In the area, average asking rents are around £700. 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 Brown Edge.
|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|
Properties to Rent in Brown Edge on Rightmove
Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.
Brown Edge’s demographics and income insights based on Rightmove data
When considering Brown Edge, its population reaches 118509 individuals. It is useful to note that around 21% of the residents have attained a higher level of education and the average household income in the area is £40,400.00. 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.
What is the outlook for social rent and affordable housing according to Rightmove in Brown Edge?
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, 7% of individuals in Brown Edge rely on government rent and the average household income in the district is £40,400.00.
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.
What questions are asked most frequently?
How much does the average property cost in Brown Edge according to Rightmove data?
At present, within the confines of Brown Edge, the mean price for houses listed for sale is £159,191.
When utilising Rightmove for finding property in Brown Edge, are there any charges to consider?
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)
Is there a lot of crime in the area of Brown Edge according to Rightmove?
The current crime rate in Brown Edge is such that 11850% incidents are recorded for every 1000 residents.
In Brown Edge, how many sales per month are there according to listing portals?
To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, you can look at the houses sold each month which is 51. Typically, the higher this figure is, the more likely it is that this area is highly sought after and there is a strong buyer demand. Check out the property sales in a similar area in order to find a comparison.
On Rightmove, what is the average price of a three-bed property in Brown Edge?
The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.