Bonnyrigg

Area Guide For Bonnyrigg

Bonnyrigg is a town in Midlothian, Scotland, 8 miles southeast of Edinburgh downtown area. The town had a populace of 14,663 in the 2001 measurements which has climbed to 15,677 as per the 2011 registration, both figures taking into account the 2010 meaning of the region which, and also Bonnyrigg and Lasswade, incorporates Poltonhall and Hopefield Along with Lasswade, Bonnyrigg is a twin town with Saint-Cyr-l'école, France.


Early maps of the area show different forms of the town name. It first shows up as a little villa on William Roy's guide of c.1750 as Bonnebrig. From 1763, it is called Bannockrigg or Bannoc Rig. In 1817 the town is named Bonny Ridge, then Bonny Rigg in 1828, Bonnyrig in 1834, Bonny Rig in 1850 until, at last, the Ordnance Survey guide of 1850-1852 institutionalizes the name as Bonnyrigg.

 
 

Bonnyrigg Map

Estimated Price: £197,491
Average Asking Price: £227,607
Price change in last one year: £17,840
Average Price Paid: £176,775
Average Rent Rates: £763

 
 

Property Prices Breakdown in Bonnyrigg

Average Price for property in Bonnyrigg is around £197,491 which varies based on type of property you are interested in and ranges from £335,486 for detached house to around £186,247 for semi-detached. Similarly terraced house is around £164,207 and a flat is worth £122,005. Values have been changing and have risen £2,611 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,718 in last 6 months, £17,840 in last 1 year, £23,349 in last 2 years, £25,600 in last 3 years, £25,533 in last 4 years and £22,056 in last 5 years.

Currently average asking price of a property in Bonnyrigg is around £227,607 based on approximately 261 properties for sale. Same is the case with rental options based on 2 properties up for rent, average asking rent is around £763 per month.

Estimated property value in Bonnyrigg is £197,491. Average asking price is £227,607 while average price paid is £171,532 which is up by £17,840 and Avg. asking rent £763.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 Bonnyrigg area. In last 1 year alone average price buyer paid is around £171,532 based on approximately 261 sales in Bonnyrigg area alone. If you compare it to last 3 years sales of 731 properties where buyers paid around £172,576. 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 £176,775 for 1,068 and average amount paid for purchase of approx. 1,576 properties sold in last 7 years comes to about £178,871 per sale.

 
 

Properties For Sale in Bonnyrigg

 
 

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 £138,374, £174,714 for a 3 bedroom house, £229,100 for a 4 bedroom house and £332,056 for a 5 bedroom house. For a flat similarly the prices varies from £89,998 for a single bedroom to £117,472 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £120,000. To sum up the asking prices for properties in Bonnyrigg it comes to around average £89,998 for 1 bedroom property, £134,194 for 2 bedroom, £167,875 for 3 bedroom, £229,100 for 4 bedroom and £332,056 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 is £763 for 3 bedroom. You should be generally be expecting around average £762 rent per month for 3 bedroom property in Bonnyrigg area.

Popular Houses in Bonnyrigg

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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