Fraserburgh

Area Guide For Fraserburgh

Fraserburgh (Scots: The Broch or Faithlie, Scottish Gaelic: A' Bhruaich) is a town in Aberdeenshire, Scotland with a populace recorded in the 2001 Statistics at 12,454 and assessed at 12,630 in 2006. It lies at the far northeast corner of Aberdeenshire, around 40 miles (64 km) north of Aberdeen, and 17 miles (27 km) north of Peterhead. It is the greatest shellfish port in Europe, arriving more than 12,000 tons in 2008,[4] and is additionally a significant white fish port and occupied business harbor. The name of the town implies, actually, 'burgh of Fraser', after the Fraser family that purchased the grounds of Philorth in 1504 and from there on achieved real change because of speculation throughout the following century. Fraserburgh turned into a burgh of barony in 1546. By 1570, the Fraser family had fabricated a stronghold (Fraserburgh Mansion) at Kinnaird's Head and inside a year the territory church was manufactured. By the 1590s the region known as Faithlie was building up a little harbor.

 
 

Fraserburgh Map

Estimated Price: £159,684
Average Asking Price: £388,172
Price change in last one year: £11,930
Average Price Paid: £131,734
Average Rent Rates: £199

 
 

Property Prices Breakdown in Fraserburgh

Average Price for property in Fraserburgh is around £159,684 which varies based on type of property you are interested in and ranges from £245,195 for detached house to around £141,612 for semi-detached. Similarly terraced house is around £118,419 and a flat is worth £87,110. Values have been changing and have risen £1,479 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,131 in last 6 months, £11,930 in last 1 year, £22,724 in last 2 years, £20,893 in last 3 years, £26,046 in last 4 years and £24,913 in last 5 years.

Currently average asking price of a property in Fraserburgh is around £388,172 based on approximately 302 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £199 per month.

Estimated property value in Fraserburgh is £159,684. Average asking price is £388,172 while average price paid is £136,235 which is up by £11,930 and Avg. asking rent £199.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 Fraserburgh area. In last 1 year alone average price buyer paid is around £136,235 based on approximately 302 sales in Fraserburgh area alone. If you compare it to last 3 years sales of 872 properties where buyers paid around £135,219. 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 £131,734 for 1,388 and average amount paid for purchase of approx. 2,010 properties sold in last 7 years comes to about £127,300 per sale.

 
 

Properties For Sale in Fraserburgh

 
 

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 3 bedroom is around £116,650 and £240,000 for a 5 bedroom house. To sum up the asking prices for properties in Fraserburgh it comes to around average £116,650 for 3 bedroom property and £240,000 for 5 bedroom.

Popular Houses in Fraserburgh

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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