Cottonhillock, Methlick, Ellon, AB41

Street Guide For Cottonhillock, Methlick, Ellon, AB41

 

Cottonhillock, Methlick, Ellon, AB41 Map

Estimated Price: £242,280
Average Asking Price: £341,720
Price change in last one year: £19,328
Average Price Paid: £167,333
Average Rent Rates: £1,093

 

Property Prices Breakdown in Cottonhillock, Methlick, Ellon, AB41

Average Price for property in Cottonhillock, Methlick, Ellon, AB41 is around £242,280 e.g. average price for semi-detached is around 145,186. Values have been changing and have risen £2,072 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,732 in last 6 months, £19,328 in last 1 year, £35,832 in last 2 years, £33,644 in last 3 years, £40,813 in last 4 years and £39,647 in last 5 years.

Currently average asking price of a property in Cottonhillock, Methlick, Ellon, AB41 is around £341,720 based on approximately 8 properties for sale. Same is the case with rental options based on 7 properties up for rent, average asking rent is around £1,093 per month.

Estimated property value in Cottonhillock, Methlick, Ellon, AB41 is £242,280. Average asking price is £341,720 while average price paid is £196,250 which is up by £19,328 and Avg. asking rent £1,093.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 Cottonhillock, Methlick, Ellon, AB41 area. In last 1 year alone average price buyer paid is around £196,250 based on approximately 8 sales in Cottonhillock, Methlick, Ellon, AB41 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £174,615. 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 £167,333 for 15 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £167,333 per sale.

 
 

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 £600,000, £292,996 for a 3 bedroom house and £402,498 for a 4 bedroom house. To sum up the asking prices for properties in Cottonhillock, Methlick, Ellon, AB41 it comes to around average £600,000 for 2 bedroom property, £292,996 for 3 bedroom and £402,498 for 4 bedroom.

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 £1,230 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £750. You should be generally be expecting around average £750 rent per month for 2 bedroom property and approximately £1,230 for 4 bedroom property in Cottonhillock, Methlick, Ellon, AB41 area.

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.

Areas in and around Cottonhillock, Methlick, Ellon, AB41