Loanhead

Area Guide For Loanhead

Loanhead is a small town in Midlothian, Scotland, with a estimated population of 6,9000 residents in loanhead. The south of Edinburgh, and close to Roslin, Bonnyrigg and Dalkeith. The town was built on coal and shale mining, and the paper industry.
The limestone business was a wellspring of occupation by the late eighteenth century, the works being at Burdiehouse, around a mile to the north west. The coal business kept on extending and by 1874 the town was connected to the line. Shale was mined in the middle of Loanhead and Burdiehouse in the late nineteenth century, from 1880 under the Clippens Oil Company of Paisley. By now the populace had extended to 3,250.

 
 

Loanhead Map

Estimated Price: £195,728
Average Asking Price: £271,624
Price change in last one year: £17,588
Average Price Paid: £162,475
Average Rent Rates: £648

 
 

Property Prices Breakdown in Loanhead

Average Price for property in Loanhead is around £195,728 which varies based on type of property you are interested in and ranges from £342,372 for detached house to around £188,036 for semi-detached. Similarly terraced house is around £174,066 and a flat is worth £116,199. Values have been changing and have risen £2,575 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,624 in last 6 months, £17,588 in last 1 year, £23,020 in last 2 years, £25,238 in last 3 years, £25,170 in last 4 years and £21,743 in last 5 years.

Currently average asking price of a property in Loanhead is around £271,624 based on approximately 58 properties for sale. Same is the case with rental options based on 2 properties up for rent, average asking rent is around £648 per month.

Estimated property value in Loanhead is £195,728. Average asking price is £271,624 while average price paid is £159,521 which is up by £17,588 and Avg. asking rent £648.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 Loanhead area. In last 1 year alone average price buyer paid is around £159,521 based on approximately 58 sales in Loanhead area alone. If you compare it to last 3 years sales of 183 properties where buyers paid around £160,446. 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 £162,475 for 274 and average amount paid for purchase of approx. 401 properties sold in last 7 years comes to about £168,031 per sale.

 
 

Properties For Sale in Loanhead

 
 

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 £134,833, £139,000 for a 3 bedroom house and £688,000 for a 5 bedroom house. For a flat similarly the prices varies from £109,000 for a single bedroom to £119,995 for a 3 bedroom Flat. To sum up the asking prices for properties in Loanhead it comes to around average £109,000 for 1 bedroom property, £134,833 for 2 bedroom, £134,249 for 3 bedroom and £688,000 for 5 bedroom.

But if you are interested in renting a 2 bedroom flat then rent per month can be around £650. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £646. You should be generally be expecting around average £650 rent per month for 2 bedroom property and approximately £646 for 3 bedroom property in Loanhead area.

Popular Houses in Loanhead

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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