Backmuir Road, Hamilton, ML3

Street Guide For Backmuir Road, Hamilton, ML3

 

Backmuir Road, Hamilton, ML3 Map

Estimated Price: £95,219
Average Asking Price: £112,623
Price change in last one year: £3,280
Average Price Paid: £76,257
Average Rent Rates: £528

 

Property Prices Breakdown in Backmuir Road, Hamilton, ML3

Average Price for property in Backmuir Road, Hamilton, ML3 is around £95,219 which varies based on type of property you are interested in and ranges from £100,845 for semi-detached to around £100,563 for terraced house. Values have been changing and have risen £762 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,491 in last 6 months, £3,280 in last 1 year, £8,443 in last 2 years, £6,685 in last 3 years, £3,739 in last 4 years and £6,743 in last 5 years.

Currently average asking price of a property in Backmuir Road, Hamilton, ML3 is around £112,623 based on approximately 1 properties for sale. Same is the case with rental options based on 72 properties up for rent, average asking rent is around £528 per month.

Estimated property value in Backmuir Road, Hamilton, ML3 is £95,219. Average asking price is £112,623 while average price paid is £48,800 which is up by £3,280 and Avg. asking rent £528.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 Backmuir Road, Hamilton, ML3 area. In last 1 year alone average price buyer paid is around £48,800 based on approximately 1 sales in Backmuir Road, Hamilton, ML3 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £63,933. 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 £76,257 for 7 and average amount paid for purchase of approx. 14 properties sold in last 7 years comes to about £89,405 per sale.

 
 

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 £90,650, £130,544 for a 3 bedroom house, £246,679 for a 4 bedroom house and £335,833 for a 5 bedroom house. For a flat similarly the prices varies from £55,493 for a single bedroom to £85,694 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £107,321 and £68,498 for a 4 bedroom flat. To sum up the asking prices for properties in Backmuir Road, Hamilton, ML3 it comes to around average £55,493 for 1 bedroom property, £87,265 for 2 bedroom, £126,209 for 3 bedroom, £231,831 for 4 bedroom and £335,833 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £488 for 2 bedroom to £599 for 3 bedroom and £984 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £380. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £491 and £355 for 3 bedroom. You should be generally be expecting around average £380 rent per month for single bedroom property, £491 for 2 bedroom, £502 for 3 bedroom and approximately £984 for 4 bedroom property in Backmuir Road, Hamilton, ML3 area.

Popular Houses in Backmuir Road, Hamilton, ML3

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.

Areas in and around Backmuir Road, Hamilton, ML3