Ellon

Area Guide For Ellon

Ellon (Scottish Gaelic: Eilean) is a town in Aberdeenshire, Scotland, more or less 16 miles (26 km) north of Aberdeen, lying on the Waterway which has one of the few undeveloped stream estuaries on the Eastern bank of Scotland. It is in the old district of Formartine. Its name is accepted to get from the Gaelic term Eilean, connoting an island, because of the vicinity of an island in the Waterway Ythan, which truly offered an advantageous fording point. Ellon is skirted by the A90 street, which offers helpful access to Aberdeen to the south and Peterhead and Fraserburgh to the north. Other real street connections are the A920 west to Oldmeldrum and Huntly, and the A948 north to New Deer. Consistent and continuous transport administrations join Ellon with Aberdeen, Inverurie, Peterhead, Fraserburgh and encompassing towns and towns, serving both the town focus and the huge Stop and Ride office at the eastern edge of the town.

 
 

Ellon Map

Estimated Price: £263,595
Average Asking Price: £341,720
Price change in last one year: £19,713
Average Price Paid: £212,193
Average Rent Rates: £1,080

 
 

Property Prices Breakdown in Ellon

Average Price for property in Ellon is around £263,595 which varies based on type of property you are interested in and ranges from £338,552 for detached house to around £209,519 for semi-detached. Similarly terraced house is around £236,138 and a flat is worth £157,474. Values have been changing and have risen £2,442 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,170 in last 6 months, £19,713 in last 1 year, £37,550 in last 2 years, £34,519 in last 3 years, £43,034 in last 4 years and £41,158 in last 5 years.

Currently average asking price of a property in Ellon is around £341,720 based on approximately 436 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £1,080 per month.

Estimated property value in Ellon is £263,595. Average asking price is £341,720 while average price paid is £225,343 which is up by £19,713 and Avg. asking rent £1,080.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 Ellon area. In last 1 year alone average price buyer paid is around £225,343 based on approximately 436 sales in Ellon area alone. If you compare it to last 3 years sales of 1,084 properties where buyers paid around £216,722. 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 £212,193 for 1,632 and average amount paid for purchase of approx. 2,307 properties sold in last 7 years comes to about £207,950 per sale.

 
 

Properties For Sale in Ellon

 
 

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 £600,000, £292,996 for a 3 bedroom house and £402,498 for a 4 bedroom house. To sum up the asking prices for properties in Ellon it comes to around average £600,000 for 2 bedroom property, £292,996 for 3 bedroom and £402,498 for 4 bedroom.

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 £1,300 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £750. You should be generally be expecting around average £750 rent per month for 2 bedroom property and approximately £1,300 for 4 bedroom property in Ellon area.

Popular Houses in Ellon

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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