Erskine Way, Shotts, ML7

Street Guide For Erskine Way, Shotts, ML7

 

Erskine Way, Shotts, ML7 Map

Estimated Price: £88,186
Average Asking Price: £102,553
Price change in last one year: £3,094
Average Price Paid: £63,375
Average Rent Rates: £457

 

Property Prices Breakdown in Erskine Way, Shotts, ML7

Average Price for property in Erskine Way, Shotts, ML7 is around £88,186 which varies based on type of property you are interested in and ranges from £94,410 for detached house to around £88,091 for semi-detached. Values have been changing and have risen £976 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,155 in last 6 months, £3,094 in last 1 year, £8,395 in last 2 years, £6,409 in last 3 years, £3,300 in last 4 years and £6,791 in last 5 years.

Currently average asking price of a property in Erskine Way, Shotts, ML7 is around £102,553 based on approximately 0 properties for sale. Same is the case with rental options based on 9 properties up for rent, average asking rent is around £457 per month.

Estimated property value in Erskine Way, Shotts, ML7 is £88,186. Average asking price is £102,553 while average price paid is £60,000 which is up by £6,409 and Avg. asking rent £457.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 Erskine Way, Shotts, ML7 area. In last 3 years alone average price buyer paid is around £60,000 based on approximately 2 sales in Erskine Way, Shotts, ML7 area alone. If you compare it to last 5 years sales of 4 properties where buyers paid around £63,375. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £63,375 for 4 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 £55,000, £76,340 for a 2 bedroom house, £106,288 for a 3 bedroom house, £197,490 for a 4 bedroom house and £290,749 for a 5 bedroom house. For a flat similarly the prices varies from £47,499 for a single bedroom to £69,874 for a 2 bedroom Flat. To sum up the asking prices for properties in Erskine Way, Shotts, ML7 it comes to around average £49,999 for 1 bedroom property, £74,772 for 2 bedroom, £106,288 for 3 bedroom, £197,490 for 4 bedroom and £290,749 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 £506 for 2 bedroom to £514 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £377. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £349. You should be generally be expecting around average £377 rent per month for single bedroom property, £443 for 2 bedroom and approximately £514 for 3 bedroom property in Erskine Way, Shotts, ML7 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 Erskine Way, Shotts, ML7