Dunfermline

Area Guide For Dunfermline

Dunfermline is a town and previous Regal Burgh in Fife, Scotland, on high ground 3 miles (4.8â km) from the northern shore of the Firth of Forward. As indicated by a 2008 assessment, Dunfermline has a populace of 46,430, making it the second-greatest settlement in Fife. Some piece of the town's name originates from the Gaelic word, "dun" which translates as a strengthened slope. Alternate parts, "ferm" and "lyn" are indistinct. In spite of the fact that, "ferm" may have been an option name for the tower smolder and "lyn", a pool or casade. Together, this may propose the site of a stronghold between the Ferm Smolder and the Lyne Blaze to the south. The territory around Dunfermline got to be home to the first pilgrims in the Neolithic period, however did not pick up distinguishment, until the Bronze Age as a position of vitality. The town was initially recorded in the eleventh century, with the marriage of Malcolm III, Ruler of Scotland and Holy person Margaret at the congregation in Dunfermline. As his Ruler partner, Margaret built another church committed to the Sacred Trinity which advanced into a Monastery under their child, David I in 1128.

 
 

Dunfermline Map

Estimated Price: £164,263
Average Asking Price: £163,138
Price change in last one year: £6,235
Average Price Paid: £138,740
Average Rent Rates: £856

 
 

Property Prices Breakdown in Dunfermline

Average Price for property in Dunfermline is around £164,263 which varies based on type of property you are interested in and ranges from £254,966 for detached house to around £148,934 for semi-detached. Similarly terraced house is around £117,013 and a flat is worth £103,328. Values have been changing and have risen £1,136 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £838 in last 6 months, £6,235 in last 1 year, £16,031 in last 2 years, £23,487 in last 3 years, £18,411 in last 4 years and £20,100 in last 5 years.

Currently average asking price of a property in Dunfermline is around £163,138 based on approximately 1,415 properties for sale. Same is the case with rental options based on 65 properties up for rent, average asking rent is around £856 per month.

Estimated property value in Dunfermline is £164,263. Average asking price is £163,138 while average price paid is £145,497 which is up by £6,235 and Avg. asking rent £856.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 Dunfermline area. In last 1 year alone average price buyer paid is around £145,497 based on approximately 1,415 sales in Dunfermline area alone. If you compare it to last 3 years sales of 4,140 properties where buyers paid around £137,730. 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 £138,740 for 6,243 and average amount paid for purchase of approx. 9,073 properties sold in last 7 years comes to about £140,705 per sale.

 
 

Properties For Sale in Dunfermline

 
 

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 £76,491, £102,122 for a 2 bedroom house, £154,454 for a 3 bedroom house, £230,548 for a 4 bedroom house and £382,681 for a 5 bedroom house. For a flat similarly the prices varies from £66,117 for a single bedroom to £85,830 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £111,408 and £330,000 for a 4 bedroom flat. To sum up the asking prices for properties in Dunfermline it comes to around average £67,635 for 1 bedroom property, £92,976 for 2 bedroom, £148,517 for 3 bedroom, £231,533 for 4 bedroom and £382,681 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 £390 for 1 bedroom to £487 for 2 bedroom, £713 for 3 bedroom and £861 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £415. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £494 and £561 for 3 bedroom. You should be generally be expecting around average £413 rent per month for single bedroom property, £492 for 2 bedroom, £654 for 3 bedroom and approximately £861 for 4 bedroom property in Dunfermline area.

Popular Houses in Dunfermline

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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