Gorebridge

Area Guide For Gorebridge

Gorebridge has a yearly function day. This is much like a town reasonable, with rides and diversions. The occasion day has a custom of picking a Town King and Queen from the grade schools. Gorebridge will soon, in 2015, see the reappearance of the Waverley Line with another station being based on the site of the first station. This will give rail access to the Borders and Edinburgh Waverley track station.

Gorebridge has an annual gala day. This is much like a town fair, with rides and games. The gala day has a tradition of picking a Town King and Queen from the primary schools. Gorebridge will soon, in 2015, see the return of the Waverley Line with a new station being built on the site of the original station. This will give rail access to the Borders and Edinburgh Waverley railway station.

 
 

Gorebridge Map

Estimated Price: £175,945
Average Asking Price: £216,278
Price change in last one year: £16,060
Average Price Paid: £161,701
Average Rent Rates: £538

 
 

Property Prices Breakdown in Gorebridge

Average Price for property in Gorebridge is around £175,945 which varies based on type of property you are interested in and ranges from £334,007 for detached house to around £180,382 for semi-detached. Similarly terraced house is around £137,165 and a flat is worth £114,283. Values have been changing and have risen £2,351 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,048 in last 6 months, £16,060 in last 1 year, £21,021 in last 2 years, £23,052 in last 3 years, £22,992 in last 4 years and £19,864 in last 5 years.

Currently average asking price of a property in Gorebridge is around £216,278 based on approximately 158 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £538 per month.

Estimated property value in Gorebridge is £175,945. Average asking price is £216,278 while average price paid is £176,802 which is up by £16,060 and Avg. asking rent £538.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 Gorebridge area. In last 1 year alone average price buyer paid is around £176,802 based on approximately 158 sales in Gorebridge area alone. If you compare it to last 3 years sales of 383 properties where buyers paid around £168,080. 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 £161,701 for 529 and average amount paid for purchase of approx. 747 properties sold in last 7 years comes to about £157,801 per sale.

 
 

Properties For Sale in Gorebridge

 
 

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 £122,998, £175,447 for a 3 bedroom house, £226,230 for a 4 bedroom house and £283,749 for a 5 bedroom house. For a flat similarly the prices varies from £101,998 for a 2 bedroom to £110,000 for a 3 bedroom Flat. To sum up the asking prices for properties in Gorebridge it comes to around average £112,498 for 2 bedroom property, £172,175 for 3 bedroom, £226,230 for 4 bedroom and £283,749 for 5 bedroom.

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 £221 for 1 bedroom to £745 for 3 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £575. You should be generally be expecting around average £221 rent per month for single bedroom property, £575 for 2 bedroom and approximately £745 for 3 bedroom property in Gorebridge area.

Popular Houses in Gorebridge

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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