Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Buckland Common, aiming to guide your investment decisions.
It’s worth noting that currently, 10 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.
On Rightmove, how are properties listed for sale?
A look into Rightmove’s Buckland Common property as an Investment
As you delve into the property landscape of Buckland Common in the region of East of England, Rightmove becomes an invaluable resource that provides data that can be looked at every month.
Some standard data that should be examined when trying to understand an area include the number of sales there are every month in the area, which falls at 10. Look at this in accordance with the population of the area, larger populations obviously will generally have more sales as there are more people living there and likely to sell their property. So, look at this as a factor and also check out this link to compare data for other cities in the area.
So, you can look at turnover which looks at property sales every year in relation to the number of houses that exist in the area anyway. Currently turnover is 1.05. Every decade population change should also be considered. This figure stands at 8% and positive changes generally show there is a growing population no matter if you are talking about a city or a wider region like East of England.
The greater the number of sales per month in the area of Buckland Common, 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.
In terms of the number of planning permission applications on Rightmove, what should there be in Buckland Common?
Applying for planning permission in Buckland Common is something landlords tend to do if they want to add some value to their home. As of this month, there were 16 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is nan and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Buckland Common too, there is a decent amount of opportunity to buy, renovate and make a profit.
Buckland Common’s rental yield on Rightmove explained
Rental yield in Buckland Common is £0 as of 2023. However, this is not to say that there are not higher yields out there. When the economy was favourable for property in 2018. Yields were as high as 11% in places like Sheffield in some cases. However, an average, yet respectable figure you can expect from a property in the UK is around 4.4% so you can compare Buckland Common’s yield of £0 to see if you are above or below.
It is useful to note that even though a property may have a below average rental yield, it can still benefit from capital appreciation over time and this profit can be taken when the property is sold.
Property investment opportunities presented on Rightmove in the city of Buckland Common
There is a fair amount of insight that you can gather from the city of Buckland Common by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £1,176.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
|Number of bedrooms
|Average asking rent
|no relevant data for this city
|no relevant data for this city
|no relevant data for this city
What is a commons purchase price for property on Rightmove?
Using Rightmove, there is an average sold price of property that is £493,826 in Buckland Common. 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.
|Average price of property
In Buckland Common, what property are people trying to rent on Rightmove?
In Buckland Common, here’s what Rightmove data says about social rent and affordable housing
There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 7%. Also, in Buckland Common, the average amount that people earn per household is £54,564.44. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.
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.
Buckland Common’s demographics and income insights based on Rightmove data
Within the city of Buckland Common, the population amounts to 17541 individuals. Among these residents, it is notable that approximately 38% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £54,564.44. 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.
By analysing Rightmove in Buckland Common, is there a lot of green, outdoor space?
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 Buckland Common, the current data indicates that there are 24.2 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.
According to Rightmove data in Buckland Common, is it worth moving into a HMO?
When it comes to renting in Buckland Common, 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 Buckland Common, giving you an idea of the variety and options available in the market.
What are some frequently asked questions?
In the city of Buckland Common, what is the median property price?
The mean property value in the UK is £286k but is changing all the time. Meanwhile, in the local area of Buckland Common, the average cost of a home available for purchase is £493,826. You can compare these figures to see how far away this city is from the average.
On Rightmove, are there any hidden costs when searching for property in the city of Buckland Common?
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.
Is there a lot of crime in the area of Buckland Common according to Rightmove?
The city of Buckland Common currently has a crime rate where for every 1000 people who live there 5700% commit crimes. This can be looked at in terms of the national average of 79.52 for every 1000 people.
What are the house sales per month in Buckland Common?
To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 10 as of recent data.
According to Rightmove, what’s the mean price of a three-bedroom property in Buckland Common?
Properties with three bedrooms command an average asking price of £1,335. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.