Isle of Mull

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Area Guide For Isle of Mull

The Isle of Reflect (Scottish Gaelic A t-Eilean Muileach, proclaimed [ən 'tjelan ˈmuləx]) — or just Ponder (Gaelic Muile maintained [ˈmulə]) — is the second biggest island of the Internal Hebrides (after Skye), off the west shoreline of Scotland in the gathering range of Argyll and Bute. With a region of 875.35 square kilometers (337.97 sq mi) Reflect is the fourth biggest Scottish island and the fourth biggest island encompassing Extraordinary England. In the 2011 statistics the common occupant populace of Reflect was 2,800 a slight climb on the 2001 figure of 2,667; in the late spring this is supplemented by numerous visitors. A significant part of the populace exists in Tobermory, the main burgh on the island until 1973, and its capital. It is generally comprehended that Reflect was possessed not long after the end of the last Ice Age, from around 6000 BC. Bronze Age occupants manufactured menhirs, brochs and a stone circle with cases of entombment cairns, cists, standing stones, stone circles, ceramics and blade razor sharp edges giving compelling evidence.

 
 

Isle of Mull Map

Estimated Price: £215,289
Average Asking Price: £244,530
Price change in last one year: £6,253
Average Price Paid: £182,857
Average Rent Rates: --

 
 

Property Prices Breakdown in Isle of Mull

Average Price for property in Isle of Mull is around £215,289 which varies based on type of property you are interested in and ranges from £334,995 for detached house to around £176,172 for semi-detached. Similarly terraced house is around £198,816 and a flat is worth £116,212. Values have been changing and have risen £1,694 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,314 in last 6 months, £6,253 in last 1 year, £18,863 in last 2 years, £9,593 in last 3 years, £15,007 in last 4 years and £11,602 in last 5 years.

Currently average asking price of a property in Isle of Mull is around £244,530 based on approximately 34 properties for sale.

Estimated property value in Isle of Mull is £215,289. Average asking price is £244,530 while average price paid is £190,347 which is up by £6,253.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 Isle of Mull area. In last 1 year alone average price buyer paid is around £190,347 based on approximately 34 sales in Isle of Mull area alone. If you compare it to last 3 years sales of 102 properties where buyers paid around £180,347. 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 £182,857 for 164 and average amount paid for purchase of approx. 229 properties sold in last 7 years comes to about £188,219 per sale.

 
 

Properties For Sale in Isle of Mull

 
 

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 £170,000, £156,750 for a 2 bedroom house, £297,900 for a 3 bedroom house, £354,000 for a 4 bedroom house and £363,333 for a 5 bedroom house. For a flat similarly the prices varies from £80,000 for a single bedroom to £87,500 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £115,000 and £80,000 for a 4 bedroom flat. To sum up the asking prices for properties in Isle of Mull it comes to around average £125,000 for 1 bedroom property, £146,857 for 2 bedroom, £255,692 for 3 bedroom, £308,333 for 4 bedroom and £363,333 for a 5 bedroom property.

Popular Houses in Isle of Mull

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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