Hermitage Terrace, Edinburgh, EH10

Street Guide For Hermitage Terrace, Edinburgh, EH10

 

Hermitage Terrace, Edinburgh, EH10 Map

Estimated Price: £715,809
Average Asking Price: £413,667
Price change in last one year: £66,183
Average Price Paid: £607,665
Average Rent Rates: £980

 

Property Prices Breakdown in Hermitage Terrace, Edinburgh, EH10

Average Price for property in Hermitage Terrace, Edinburgh, EH10 is around £715,809 which varies based on type of property you are interested in and ranges from £836,349 for terraced house to around £388,795 for a flat. Values have been changing and have risen £10,725 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £26,901 in last 6 months, £66,183 in last 1 year, £86,054 in last 2 years, £93,134 in last 3 years, £96,224 in last 4 years and £81,479 in last 5 years.

Currently average asking price of a property in Hermitage Terrace, Edinburgh, EH10 is around £413,667 based on approximately 0 properties for sale. Same is the case with rental options based on 36 properties up for rent, average asking rent is around £980 per month.

Estimated property value in Hermitage Terrace, Edinburgh, EH10 is £715,809. Average asking price is £413,667 while average price paid is £835,575 which is up by £93,134 and Avg. asking rent £980.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 Hermitage Terrace, Edinburgh, EH10 area. In last 3 years alone average price buyer paid is around £835,575 based on approximately 1 sales in Hermitage Terrace, Edinburgh, EH10 area alone. If you compare it to last 5 years sales of 5 properties where buyers paid around £607,665. 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 £560,689 for 7 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 £116,250, £297,333 for a 2 bedroom house, £359,088 for a 3 bedroom house, £613,750 for a 4 bedroom house and £754,857 for a 5 bedroom house. For a flat similarly the prices varies from £192,500 for a single bedroom to £245,767 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £350,643, £511,250 for a 4 bedroom flat and £440,000 for a 5 bedroom flat. To sum up the asking prices for properties in Hermitage Terrace, Edinburgh, EH10 it comes to around average £167,083 for 1 bedroom property, £255,436 for 2 bedroom, £354,359 for 3 bedroom, £588,125 for 4 bedroom and £684,889 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 £802 for 2 bedroom to £1,088 for 3 bedroom, £1,798 for 4 bedroom and £1,898 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £720. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £812, £1,151 for 3 bedroom and £1,480 for 4 bedroom. You should be generally be expecting around average £720 rent per month for single bedroom property, £811 for 2 bedroom, £1,138 for 3 bedroom, £1,586 for 4 bedroom and approximately £1,898 for a 5 bedroom property in Hermitage Terrace, Edinburgh, EH10 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 Hermitage Terrace, Edinburgh, EH10