EH51

Real Estate Area Guide For EH51

 

EH51 Map

Estimated Price: £140,989
Average Asking Price: £137,747
Price change in last one year: £13,824
Average Price Paid: £112,687
Average Rent Rates: £442

 

Property Prices Breakdown in EH51

Average Price for property in EH51 is around £140,989 which varies based on type of property you are interested in and ranges from £249,272 for detached house to around £140,673 for semi-detached. Similarly terraced house is around £112,858 and a flat is worth £99,027. Values have been changing and have risen £2,182 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,804 in last 6 months, £13,824 in last 1 year, £17,017 in last 2 years, £19,119 in last 3 years, £19,892 in last 4 years and £16,667 in last 5 years.

Currently average asking price of a property in EH51 is around £137,747 based on approximately 192 properties for sale. Same is the case with rental options based on 11 properties up for rent, average asking rent is around £442 per month.

Estimated property value in EH51 is £140,989. Average asking price is £137,747 while average price paid is £123,680 which is up by £13,824 and Avg. asking rent £442.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 EH51 area. In last 1 year alone average price buyer paid is around £123,680 based on approximately 192 sales in EH51 area alone. If you compare it to last 3 years sales of 523 properties where buyers paid around £116,013. 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 £112,687 for 823 and average amount paid for purchase of approx. 1,228 properties sold in last 7 years comes to about £115,820 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 £92,696, £113,954 for a 3 bedroom house, £324,989 for a 4 bedroom house and £230,000 for a 5 bedroom house. For a flat similarly the prices varies from £68,000 for a single bedroom to £78,919 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £80,000. To sum up the asking prices for properties in EH51 it comes to around average £68,000 for 1 bedroom property, £86,299 for 2 bedroom, £111,124 for 3 bedroom, £324,989 for 4 bedroom and £230,000 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 is £438 for 2 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £319. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £449, £425 for 3 bedroom and £1,101 for 4 bedroom. You should be generally be expecting around average £319 rent per month for single bedroom property, £445 for 2 bedroom, £425 for 3 bedroom and approximately £1,101 for 4 bedroom property in EH51 area.

Popular Houses in EH51

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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