Douglas Road, Melrose, TD6

Street Guide For Douglas Road, Melrose, TD6

 

Douglas Road, Melrose, TD6 Map

Estimated Price: £414,779
Average Asking Price: £269,975
Price change in last one year: £6,499
Average Price Paid: £249,100
Average Rent Rates: £508

 

Property Prices Breakdown in Douglas Road, Melrose, TD6

Average Price for property in Douglas Road, Melrose, TD6 is around £414,779 which varies based on type of property you are interested in and ranges from £506,085 for detached house to around £281,513 for a flat. Values have been changing and have risen £669 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,360 in last 6 months, £6,499 in last 1 year, £33,720 in last 2 years, £29,901 in last 3 years, £42,441 in last 4 years and £32,069 in last 5 years.

Currently average asking price of a property in Douglas Road, Melrose, TD6 is around £269,975 based on approximately 1 properties for sale. Same is the case with rental options based on 10 properties up for rent, average asking rent is around £508 per month.

Estimated property value in Douglas Road, Melrose, TD6 is £414,779. Average asking price is £269,975 while average price paid is £124,000 which is up by £6,499 and Avg. asking rent £508.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 Douglas Road, Melrose, TD6 area. In last 1 year alone average price buyer paid is around £124,000 based on approximately 1 sales in Douglas Road, Melrose, TD6 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £247,666. 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 £249,100 for 5 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £249,100 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 1 bedroom is around £110,000, £165,443 for a 2 bedroom house, £189,713 for a 3 bedroom house, £335,666 for a 4 bedroom house and £394,000 for a 5 bedroom house. For a flat similarly the prices varies from £75,000 for a single bedroom to £127,999 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £160,000. To sum up the asking prices for properties in Douglas Road, Melrose, TD6 it comes to around average £92,500 for 1 bedroom property, £152,070 for 2 bedroom, £188,363 for 3 bedroom, £335,666 for 4 bedroom and £394,000 for a 5 bedroom property.

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 can vary from £325 for 1 bedroom to £386 for 2 bedroom, £676 for 3 bedroom and £750 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £345. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £464, £594 for 3 bedroom and £737 for 4 bedroom. You should be generally be expecting around average £338 rent per month for single bedroom property, £438 for 2 bedroom, £635 for 3 bedroom and approximately £744 for 4 bedroom property in Douglas Road, Melrose, TD6 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 Douglas Road, Melrose, TD6