Average Price for property in Commercial Street, Lerwick, Shetland, ZE1 is around £154,632 which varies based on type of property you are interested in and ranges from £334,302 for detached house to around £145,342 for a flat. Values have been changing and have risen £283 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £700 in last 6 months, £11,322 in last 1 year, £18,893 in last 2 years, £17,547 in last 3 years, £21,440 in last 4 years and £18,231 in last 5 years.
Currently average asking price of a property in Commercial Street, Lerwick, Shetland, ZE1 is around £212,500 based on approximately 3 properties for sale.
Estimated property value in Commercial Street, Lerwick, Shetland, ZE1 is £154,632. Average asking price is £212,500 while average price paid is £148,483 which is up by £11,322.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 Commercial Street, Lerwick, Shetland, ZE1 area. In last 1 year alone average price buyer paid is around £148,483 based on approximately 3 sales in Commercial Street, Lerwick, Shetland, ZE1 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £121,200. 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 £145,425 for 8 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £131,473 per sale.