Lossiemouth

Area Guide For Lossiemouth

Lossiemouth is a town in Moray, Scotland. Initially the port having a place with Elgin, it turned into a critical angling town. Albeit there has been over a 1,000 years of settlement in the zone, the present day town was structured in the course of recent years and comprises of four different groups that inevitably blended into one. From 1890 - 1975 it was a police burgh as Lossiemouth and Branderburgh.

Stotfield, the first critical settlement, misleads the north west of the town. Next was the Seatown - a little zone between the waterway and the trench inholding of 52 houses, 51 of which are the notable fisher cabins.

 
 

Lossiemouth Map

Estimated Price: £143,120
Average Asking Price: £146,184
Price change in last one year: £6,465
Average Price Paid: £131,500
Average Rent Rates: £428

 
 

Property Prices Breakdown in Lossiemouth

Average Price for property in Lossiemouth is around £143,120 which varies based on type of property you are interested in and ranges from £238,413 for detached house to around £139,409 for semi-detached. Similarly terraced house is around £113,642 and a flat is worth £117,227. Values have been changing and have risen £2,223 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,543 in last 6 months, £6,465 in last 1 year, £13,235 in last 2 years, £12,229 in last 3 years, £14,391 in last 4 years and £12,958 in last 5 years.

Currently average asking price of a property in Lossiemouth is around £146,184 based on approximately 115 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £428 per month.

Estimated property value in Lossiemouth is £143,120. Average asking price is £146,184 while average price paid is £125,003 which is up by £6,465 and Avg. asking rent £428.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Lossiemouth area. In last 1 year alone average price buyer paid is around £125,003 based on approximately 115 sales in Lossiemouth area alone. If you compare it to last 3 years sales of 283 properties where buyers paid around £130,693. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £131,500 for 447 and average amount paid for purchase of approx. 664 properties sold in last 7 years comes to about £131,677 per sale.

 
 

Properties For Sale in Lossiemouth

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £99,556, £142,744 for a 3 bedroom house, £246,556 for a 4 bedroom house and £265,000 for a 5 bedroom house. For a flat similarly the prices varies from £67,333 for a single bedroom to £93,883 for a 2 bedroom Flat. To sum up the asking prices for properties in Lossiemouth it comes to around average £67,333 for 1 bedroom property, £96,719 for 2 bedroom, £142,744 for 3 bedroom, £246,556 for 4 bedroom and £265,000 for a 5 bedroom property.

But if you are interested in renting a 2 bedroom flat then rent per month can be around £515. You should be generally be expecting around average £514 rent per month for 2 bedroom property in Lossiemouth area.

Popular Houses in Lossiemouth

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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