Grantown-on-Spey

Area Guide For Grantown-on-Spey

Grantown-on-Spey (Scottish Gaelic: Baile Ùr nan Granndach) is a town in the Highland Council Area, historically within the county of Moray. It was founded in 1765 as a planned settlement on a low plateau at Freuchie beside the river Spey at the northern edge of the Cairngorm mountains, about 20 miles south east of Inverness (35 miles by road). Originally called simply "Grantown" after Sir James Grant, "on Spey" was added by the burgh council in 1898. The population in 2001 was 2,166. The town is twinned with Notre-Dame-de-Monts in the Vendée, Pays-de-la-Loire, France, and Grant Town, West Virginia in the United States. Since 2011, Grantown-on-Spey has been home to Shinty club Strathspey Camanachd.

 
 

Grantown-on-Spey Map

Estimated Price: £215,193
Average Asking Price: £265,714
Price change in last one year: £8,237
Average Price Paid: £195,198
Average Rent Rates: --

 
 

Property Prices Breakdown in Grantown-on-Spey

Average Price for property in Grantown-on-Spey is around £215,193 which varies based on type of property you are interested in and ranges from £321,802 for detached house to around £148,871 for semi-detached. Similarly terraced house is around £163,264 and a flat is worth £131,048. Values have been changing and have risen £920 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,971 in last 6 months, £8,237 in last 1 year, £19,271 in last 2 years, £11,841 in last 3 years, £18,745 in last 4 years and £21,188 in last 5 years.

Currently average asking price of a property in Grantown-on-Spey is around £265,714 based on approximately 66 properties for sale.

Estimated property value in Grantown-on-Spey is £215,193. Average asking price is £265,714 while average price paid is £176,607 which is up by £8,237.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 Grantown-on-Spey area. In last 1 year alone average price buyer paid is around £176,607 based on approximately 66 sales in Grantown-on-Spey area alone. If you compare it to last 3 years sales of 166 properties where buyers paid around £181,258. 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 £195,198 for 261 and average amount paid for purchase of approx. 355 properties sold in last 7 years comes to about £194,068 per sale.

 
 

Properties For Sale in Grantown-on-Spey

 
 

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 £97,500, £183,000 for a 2 bedroom house, £234,700 for a 3 bedroom house, £314,269 for a 4 bedroom house and £463,725 for a 5 bedroom house. For a flat similarly the prices varies from £95,000 for a single bedroom to £95,250 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £88,000. To sum up the asking prices for properties in Grantown-on-Spey it comes to around average £96,250 for 1 bedroom property, £132,857 for 2 bedroom, £205,360 for 3 bedroom, £314,269 for 4 bedroom and £463,725 for a 5 bedroom property.

Popular Houses in Grantown-on-Spey

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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