Cromarty

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Area Guide For Cromarty

The Imperial Burgh of Cromarty is a burgh in Ross and Cromarty, High country, Scotland. It was already the province town of the previous region of Cromartyshire. The burgh is a seaport on the southern shore of the mouth of Cromarty Firth, 5 miles from Invergordon on the opposite coast. The name Cromarty differently gets from the Gaelic crom (abnormal), and from bati (sound), or from à rd (stature), significance either the "screwy cove", or the "twist between the statures" (alluding to the high shakes, or Sutors, which protect the entrance to the Firth), and gave the title to the earldom of Cromarty. Its name in 1264 was Crumbathyn. The town became around its port, some time ago utilized by ships, to fare mainly developed hemp fiber, and by trawlers trawling for herrings. The port was an English maritime base amid the First World War and HMS Natal exploded close by on 30 December 1915 with substantial death toll.

 
 

Cromarty Map

Estimated Price: £196,027
Average Asking Price: £327,250
Price change in last one year: £8,620
Average Price Paid: £174,941
Average Rent Rates: --

 
 

Property Prices Breakdown in Cromarty

Average Price for property in Cromarty is around £196,027 which varies based on type of property you are interested in and ranges from £338,515 for detached house to around £189,098 for semi-detached. Similarly terraced house is around £190,468 and a flat is worth £109,226. Values have been changing and have risen £2,964 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,722 in last 6 months, £8,620 in last 1 year, £17,644 in last 2 years, £16,303 in last 3 years, £19,185 in last 4 years and £17,275 in last 5 years.

Currently average asking price of a property in Cromarty is around £327,250 based on approximately 15 properties for sale.

Estimated property value in Cromarty is £196,027. Average asking price is £327,250 while average price paid is £222,540 which is up by £8,620.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 Cromarty area. In last 1 year alone average price buyer paid is around £222,540 based on approximately 15 sales in Cromarty area alone. If you compare it to last 3 years sales of 33 properties where buyers paid around £169,868. 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 £174,941 for 58 and average amount paid for purchase of approx. 80 properties sold in last 7 years comes to about £174,939 per sale.

 
 

Properties For Sale in Cromarty

 
 

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 3 bedroom is around £180,000 and £89,000 for a 4 bedroom house. To sum up the asking prices for properties in Cromarty it comes to around average £180,000 for 3 bedroom property and £89,000 for 4 bedroom.

Popular Houses in Cromarty

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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