Average Price for property in Burgh Road, Lerwick, Shetland, ZE1 is around £137,114 which varies based on type of property you are interested in and ranges from £148,260 for detached house to around £188,281 for semi-detached. Similarly terraced house is around £156,921 and a flat is worth £109,196. Values have been changing and have risen £252 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £622 in last 6 months, £10,041 in last 1 year, £16,754 in last 2 years, £15,559 in last 3 years, £19,010 in last 4 years and £16,165 in last 5 years.
Currently average asking price of a property in Burgh Road, Lerwick, Shetland, ZE1 is around £212,500 based on approximately 3 properties for sale.
Estimated property value in Burgh Road, Lerwick, Shetland, ZE1 is £137,114. Average asking price is £212,500 while average price paid is £134,132 which is up by £10,041.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 Burgh Road, Lerwick, Shetland, ZE1 area. In last 1 year alone average price buyer paid is around £134,132 based on approximately 3 sales in Burgh Road, Lerwick, Shetland, ZE1 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £130,449. 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 £130,255 for 17 and average amount paid for purchase of approx. 23 properties sold in last 7 years comes to about £126,006 per sale.