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What kind of listings are on the platform Rightmove in Byker?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What kind of listings are on the platform Rightmove in Byker?

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 Byker, aiming to guide your investment decisions.
It’s worth noting that currently, 33 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.

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How much green space do properties have in Byker according to Rightmove?

In Byker, the available data reveals that there are 16.8 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.

According to Rightmove data in Byker, is it worth moving into a HMO?

In Byker, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Byker is currently £425, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.

On Rightmove in Byker, what properties are available to rent?

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.

Byker’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 £34,802.86 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.
Byker’s demographics also reveal a population of 50441 individuals and a percentage of people with degrees falling at 21%. 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.

What is the level of Rightmove affordable housing and social rent in Byker?

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: 37%. Also, in Byker, the average amount that people earn per household is £34,802.86. 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.

Properties for sale in Byker on Rightmove

Property investment opportunities presented on Rightmove in the city of Byker

Based on Rightmove, there is a lot of data you can gather about Byker and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £957. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is NE6, for a two bed is, no relevant data for this city, a three bed is £781. Finally, a four bed average asking price is £982, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.

Investment analysis of Rightmove property in Byker

In the area of Byker, Rightmove records consistent sales of 33 properties each month, generating an average yearly turnover of 0.59. This turnover is just from property sales relative to the properties that there already are and 11% is the population change over ten years.



All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.



Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of North East by looking at further houses for sale here.

A closer look at rental yield on Rightmove in Byker

Rental yield in Byker 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 Byker’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.

In terms of the number of planning permission applications on Rightmove, what should there be in Byker?

In the UK, planning applications result in a success rate of 82% most of the time. In Byker, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.

This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 6 monthly planning applications in Byker, property here is more difficult to conduct improvements on.

If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.

If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.

In the area, using Rightmove data, what are most people selling their property for?

When exploring the property market in Byker, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £142,268, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.

Property type Average selling point
detached house £177,382
Semi-detached house £151,913
Terraced house £152,428
Flat £117,436

It is worth noting that the more homes sell on a monthly basis, the more buyers and competition there tend to be. This figure for Byker is talked about below and in the following headings.

What questions are asked most frequently?

What is the average property price in Byker on Rightmove?

The average property price for the UK currently stands at £286,000. In the local area of Byker, the average price of a house for sale in the area is £142,268

In the process of property hunting on Rightmove in Byker, do hidden costs come into play?

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.

Does Rightmove data indicate a high occurrence of crime in the vicinity of Byker?

The current crime rate in Byker is such that 19900% incidents are recorded for every 1000 residents.

How many monthly property sales does Byker witness according to listing platforms?

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 33 as of recent data.

On Rightmove, how much does a three-bed property typically cost in Byker?

Properties with three bedrooms command an average asking price of £781. 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.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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