15 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.
Buxworth 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.
What are the number of HMOs on Rightmove that are licenced in the area of Buxworth?
Currently, the number of licensed HMOs stands at 1 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 no relevant data for this city.
This should give you an indication if it is worth the difference in price to upgrade to a room with a bathroom in Buxworth. Understanding where is best to rent in Buxworth involves considering the average asking price for a House in Multiple Occupation (HMO) and comparing this to normal rents.
Will you be moving into somewhere with a lot of green space if you moved to Buxworth?
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 Buxworth, the available data reveals that there are 21.0 acres of green space per thousand residents. For health reasons, there should be 6 acres.
On Rightmove in Buxworth, what properties are available to rent?
What is the outlook for social rent and affordable housing according to Rightmove in Buxworth?
If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 3% of individuals in Buxworth 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 £40,546.15. Most people in the Uk earn around £34,000 which is convenient for comparison.
Buxworth’s demographics and income insights based on Rightmove data
If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £40,546.15 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Buxworth’s demographics also reveal a population of 17180 individuals and a percentage of people with degrees falling at 32%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.
To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.
In Buxworth, what does the property sales data look like based on Rightmove?
The greater the number of sales per month in the area of Buxworth, 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.
Is it important to look at yield in Buxworth in further detail?
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 Buxworth, there is an average of £0 for rental yield.
Buxworth 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.
What is a commons purchase price for property on Rightmove?
Using Rightmove, there is an average sold price of property that is £240,644 in Buxworth. 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 look into Rightmove’s Buxworth property as an Investment
When considering buying a house for an investment in the area of North West, 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 15. 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 Buxworth 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 2%. So, you can make of that as you will.
How to invest in property in Buxworth using Rightmove data
In Buxworth, the average asking rent in the area is £856 and there is a table below that goes over the asking rent for every type of property there is. Also, in Buxworth, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.
|Number of bedrooms||Average asking rent|
|5||no relevant data for this city|
|4||no relevant data for this city|
|3||no relevant data for this city|
|2||no relevant data for this city|
In Buxworth, analysing Rightmove, what are the number of planning permission applications?
82 out of every 100 applications for planning permission in the UK results in a success according to recent data. When it comes to Buxworth, the people who own homes in this area have a rate of planning success of 82%. 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 Buxworth. 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 6 that take place each month, this is likely the case a lot of the time.
What is the average property price in Buxworth on Rightmove?
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Buxworth, the mean selling price for houses in the area is £240,644. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
Does exploring properties on Rightmove within Buxworth come with any fees you may not be aware of?
Landlords should remain attentive to several financial considerations. These may include but are not limited to the costs of running the property, the rate of stamp duty and renovation costs.
According to Rightmove data, how prevalent is crime in Buxworth’s vicinity?
The ongoing crime rate in Buxworth indicates 8700% instances for every 1000 citizens.
What are the house sales per month in Buxworth?
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 15. 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.
What’s the usual price range for a three-bedroom property on Rightmove in Buxworth?
Properties with three bedrooms command an average asking price of no relevant data for this city. 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.