Values have been changing and have risen £974 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,754 in last 6 months, £9,081 in last 1 year, £16,835 in last 2 years, £15,810 in last 3 years, £19,182 in last 4 years and £18,638 in last 5 years.
Currently average asking price of a property in Fernhill Drive, Aberdeen, AB16 is around £385,000 based on approximately 1 properties for sale. Same is the case with rental options based on 3 properties up for rent, average asking rent is around £1,117 per month.
Estimated property value in Fernhill Drive, Aberdeen, AB16 is £112,557. Average asking price is £385,000 while average price paid is £26,400 which is up by £9,081 and Avg. asking rent £1,117.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 Fernhill Drive, Aberdeen, AB16 area. In last 1 year alone average price buyer paid is around £26,400 based on approximately 1 sales in Fernhill Drive, Aberdeen, AB16 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £73,800. 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 £90,480 for 5 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £92,462 per sale.