Average Price for property in Balerno is around £367,752 which varies based on type of property you are interested in and ranges from £501,795 for detached house to around £274,369 for semi-detached. Similarly terraced house is around £273,887 and a flat is worth £170,143. Values have been changing and have risen £5,448 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £15,539 in last 6 months, £32,141 in last 1 year, £40,249 in last 2 years, £43,391 in last 3 years, £37,254 in last 4 years and £56,143 in last 5 years.
Currently average asking price of a property in Balerno is around £436,196 based on approximately 66 properties for sale. Same is the case with rental options based on 3 properties up for rent, average asking rent is around £1,156 per month.
Estimated property value in Balerno is £367,752. Average asking price is £436,196 while average price paid is £278,995 which is up by £32,141 and Avg. asking rent £1,156.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 Balerno area. In last 1 year alone average price buyer paid is around £278,995 based on approximately 66 sales in Balerno area alone. If you compare it to last 3 years sales of 221 properties where buyers paid around £278,607. 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 £281,241 for 331 and average amount paid for purchase of approx. 491 properties sold in last 7 years comes to about £283,887 per sale.