In this overview, we’ll delve into the Rightmove data for Broxbourne, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 11 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.
Will you be moving into somewhere with a lot of green space if you moved to Broxbourne?
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 Broxbourne, 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.
What are the number of HMOs on Rightmove that are licenced in the area of Broxbourne?
The average asking price for a House in Multiple Occupation (HMO) in Broxbourne 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 Broxbourne is no relevant data for this city and there are also 9 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.
Properties for sale in Broxbourne on Rightmove
An overview of Broxbourne property in Rightmove from an investment perspective
When considering buying a house for an investment in the area of Greater London, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.
For instance, you should look at the number of property sales that the area has every month which is 11. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.
On average throughout the UK, in a calendar year, this data is around 22% but for Broxbourne it is nan. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 5%. So, you can make of that as you will.
What is a commons purchase price for property on Rightmove?
Using Rightmove, there is an average sold price of property that is £406,459 in Broxbourne. 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.
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In Broxbourne, what are the number of planning permission applications on Rightmove?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Broxbourne, the people who own homes in this area have a rate of planning success of 89%. Individuals usually seek to modify their properties and apply for planning permission whenever they are trying to increase the value of a home.
This means investors should take note of this data in Broxbourne. An above-average success rate indicates that property renovations have been proven to work and are repeatable or it could mean that a lot of the properties in the area are very simple in design. This presents an opportunity for investors to assess successful strategies in the area and adopt similar approaches and of the 13 that take place each month, this is likely the case a lot of the time.
A deep dive into rental yield and how this impacts Broxbourne
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 Broxbourne, there is an average of £0 for rental yield.
Broxbourne 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.
Property investment opportunities presented on Rightmove in the city of Broxbourne
Rightmove data can tell you a lot about the average asking rents of the area of Broxbourne. For example, the table below goes over how rents are distributed according to the number of rooms in the property. Also, the national figure for rental yield that is most common is 4.4%. The £0 which is the average yield of rent in the area can be compared for reference.
Read on to see what kind of rent you are looking to charge if you bought a property to see what size is best. Bear in mind as you do so that the average amount of rent that is asked for is £1,372.
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Every month, properties are sold on the platform of Rightmove in Broxbourne and you can explore the topics below related to sales that give you an overview of the market.
In Broxbourne, what property are people trying to rent on Rightmove?
Broxbourne’s demographics and income insights based on Rightmove data
Within the city of Broxbourne, the population amounts to 60563 individuals. Among these residents, it is notable that approximately 20% 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.
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.
In Broxbourne, 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, 6% of individuals in Broxbourne rely on government rent and the average household income in the district is £50,545.24.
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 are some frequently asked questions?
Uncover the typical property asking price in Broxbourne through Rightmove data.
The average property price for the UK currently stands at £286,000. In the local area of Broxbourne, the average price of a house for sale in the area is £406,459
Does exploring properties on Rightmove within Broxbourne come with any fees you may not be aware of?
Vigilance is key for landlords, encompassing factors like the stamp duty rate, renovation expenses, and the potential deductible costs based on whether the property is incorporated as a limited company or under your personal name.
Does Rightmove data indicate a high occurrence of crime in the vicinity of Broxbourne?
The current crime rate in Broxbourne is such that 7800% incidents are recorded for every 1000 residents.
What’s the frequency of property sales per month in Broxbourne 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 11. To learn more about houses for sale and why this data is important
According to Rightmove, what’s the mean price of a three-bedroom property in Broxbourne?
The average price for a property that has three bedrooms is no relevant data for this city. This can be compared to average property prices