Musselburgh

Area Guide For Musselburgh

Musselburgh (Gaelic: Baile nam Feusgan) is the biggest settlement in East Lothian, Scotland, on the shoreline of the Firth of Forward, 6 miles (9.7â km) east of Edinburgh downtown area. The number of inhabitants in Musselburgh is 21,900. The name Musselburgh is Early English in beginning with mussel alluding to the shellfish, and burgh got from the Early English for 'town'. Musselburgh was initially settled by the Romans in the years taking after their intrusion of Scotland in AD80. They manufactured a stronghold a bit inland from the mouth of the Waterway Esk and connected the stream here. In doing as such they created the line of the principle eastern way to Scotland's capital for a large portion of the following two thousand years. The scaffold fabricated by the Romans outlived them by numerous hundreds of years. It was revamped on the first Roman establishments eventually before 1300, and in 1597 it was reconstructed once more, this time with a third curve included the east side of the waterway. The Old Scaffold is otherwise called the Roman Extension and stays being used today by walkers. To its north is the New Scaffold, composed by John Rennie the Senior and implicit 1806. This thus was significantly augmented in 1925.

 
 

Musselburgh Map

Estimated Price: £184,499
Average Asking Price: £181,712
Price change in last one year: £16,539
Average Price Paid: £151,254
Average Rent Rates: £757

 
 

Property Prices Breakdown in Musselburgh

Average Price for property in Musselburgh is around £184,499 which varies based on type of property you are interested in and ranges from £409,767 for detached house to around £213,704 for semi-detached. Similarly terraced house is around £199,732 and a flat is worth £145,728. Values have been changing and have risen £2,421 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,228 in last 6 months, £16,539 in last 1 year, £21,648 in last 2 years, £23,738 in last 3 years, £23,674 in last 4 years and £20,453 in last 5 years.

Currently average asking price of a property in Musselburgh is around £181,712 based on approximately 354 properties for sale. Same is the case with rental options based on 15 properties up for rent, average asking rent is around £757 per month.

Estimated property value in Musselburgh is £184,499. Average asking price is £181,712 while average price paid is £158,515 which is up by £16,539 and Avg. asking rent £757.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 Musselburgh area. In last 1 year alone average price buyer paid is around £158,515 based on approximately 354 sales in Musselburgh area alone. If you compare it to last 3 years sales of 1,008 properties where buyers paid around £150,459. 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 £151,254 for 1,448 and average amount paid for purchase of approx. 2,163 properties sold in last 7 years comes to about £151,744 per sale.

 
 

Properties For Sale in Musselburgh

 
 

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 £102,998, £148,333 for a 2 bedroom house, £211,785 for a 3 bedroom house and £357,309 for a 4 bedroom house. For a flat similarly the prices varies from £89,282 for a single bedroom to £114,603 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £119,537, £276,667 for a 4 bedroom flat and £260,000 for a 5 bedroom flat. To sum up the asking prices for properties in Musselburgh it comes to around average £90,261 for 1 bedroom property, £122,591 for 2 bedroom, £169,209 for 3 bedroom, £344,576 for 4 bedroom and £260,000 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 £802 for 2 bedroom to £802 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £492. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £613 and £804 for 3 bedroom. You should be generally be expecting around average £492 rent per month for single bedroom property, £640 for 2 bedroom and approximately £803 for 3 bedroom property in Musselburgh area.

Popular Houses in Musselburgh

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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