Birnie Terrace, Inverness, IV3

Street Guide For Birnie Terrace, Inverness, IV3

 

Birnie Terrace, Inverness, IV3 Map

Estimated Price: £96,271
Average Asking Price: £267,828
Price change in last one year: £578
Average Price Paid: £83,095
Average Rent Rates: £560

 

Property Prices Breakdown in Birnie Terrace, Inverness, IV3

Average Price for property in Birnie Terrace, Inverness, IV3 is around £96,271 which varies based on type of property you are interested in and ranges from £106,440 for detached house to around £95,315 for a flat. Values have been changing and have risen £838 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,792 in last 6 months, £578 in last 1 year, £6,511 in last 2 years, £4,435 in last 3 years, £6,321 in last 4 years and £5,722 in last 5 years.

Currently average asking price of a property in Birnie Terrace, Inverness, IV3 is around £267,828 based on approximately 4 properties for sale. Same is the case with rental options based on 11 properties up for rent, average asking rent is around £560 per month.

Estimated property value in Birnie Terrace, Inverness, IV3 is £96,271. Average asking price is £267,828 while average price paid is £83,000 which is up by £578 and Avg. asking rent £560.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 Birnie Terrace, Inverness, IV3 area. In last 1 year alone average price buyer paid is around £83,000 based on approximately 4 sales in Birnie Terrace, Inverness, IV3 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £83,100. 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 £83,095 for 8 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £83,476 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 1 bedroom is around £85,000, £128,166 for a 2 bedroom house, £206,000 for a 3 bedroom house, £251,800 for a 4 bedroom house and £379,700 for a 5 bedroom house. For a flat similarly the prices varies from £77,875 for a single bedroom to £102,091 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £94,000 and £145,000 for a 5 bedroom flat. To sum up the asking prices for properties in Birnie Terrace, Inverness, IV3 it comes to around average £79,300 for 1 bedroom property, £111,294 for 2 bedroom, £174,000 for 3 bedroom, £251,800 for 4 bedroom and £358,364 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 £550 for 2 bedroom to £650 for 3 bedroom and £563 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £502. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £610. You should be generally be expecting around average £502 rent per month for single bedroom property, £595 for 2 bedroom, £650 for 3 bedroom and approximately £564 for 5 bedroom property in Birnie Terrace, Inverness, IV3 area.

Popular Houses in Birnie Terrace, Inverness, IV3

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 Birnie Terrace, Inverness, IV3