Inverness

Area Guide For Inverness

Inverness, is a city in the Scottish Highlands. It is the authoritative habitat for the Highland chamber area, and is viewed as the capital of the Highlands of Scotland. Inverness lies almost two vital fight destinations: the eleventh century skirmish of Blàr nam Fèinne against Norway which occurred on The Aird and the eighteenth century Battle of Culloden which occurred on Culloden Moor. It is the northernmost city in the United Kingdom and exists in the Great Glen (Gleann Mòr) at its north-eastern furthest point where the River Ness enters the Moray Firth. At the most recent, a settlement was created by the sixth century with the first imperial sanction being allowed by Dabíd macintosh Maíl Choluim (King David I) in the twelfth century. The Gaelic ruler Mac Bethad Mac Findláich (MacBeth) whose eleventh Century homicide of King Duncan was deified in Shakespeare's play Macbeth, held a manor inside the city where he governed as Mormaer of Moray and Ross. The number of inhabitants in more prominent Inverness developed from an expected populace of 51,610 in 2003 to 62,470 at the time of the 2011 Census. Inverness is one of Europe's quickest developing cities, with 33% of the Highland populace living in or around the city and is positioned fifth out of 189 British urban communities for its personal satisfaction.

 
 

Inverness Map

Estimated Price: £182,259
Average Asking Price: £269,027
Price change in last one year: £3,721
Average Price Paid: £163,281
Average Rent Rates: £649

 
 

Property Prices Breakdown in Inverness

Average Price for property in Inverness is around £182,259 which varies based on type of property you are interested in and ranges from £269,445 for detached house to around £172,404 for semi-detached. Similarly terraced house is around £145,335 and a flat is worth £125,266. Values have been changing and have risen £246 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £336 in last 6 months, £3,721 in last 1 year, £15,685 in last 2 years, £14,785 in last 3 years, £10,748 in last 4 years and £14,344 in last 5 years.

Currently average asking price of a property in Inverness is around £269,027 based on approximately 1,261 properties for sale. Same is the case with rental options based on 60 properties up for rent, average asking rent is around £649 per month.

Estimated property value in Inverness is £182,259. Average asking price is £269,027 while average price paid is £169,595 which is up by £3,721 and Avg. asking rent £649.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 Inverness area. In last 1 year alone average price buyer paid is around £169,595 based on approximately 1,261 sales in Inverness area alone. If you compare it to last 3 years sales of 3,480 properties where buyers paid around £164,493. 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 £163,281 for 5,395 and average amount paid for purchase of approx. 7,823 properties sold in last 7 years comes to about £164,117 per sale.

 
 

Properties For Sale in Inverness

 
 

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 £131,600, £160,625 for a 2 bedroom house, £178,309 for a 3 bedroom house, £265,587 for a 4 bedroom house and £487,000 for a 5 bedroom house. For a flat similarly the prices varies from £77,944 for a single bedroom to £116,333 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £93,900 and £145,000 for a 5 bedroom flat. To sum up the asking prices for properties in Inverness it comes to around average £97,107 for 1 bedroom property, £137,176 for 2 bedroom, £170,635 for 3 bedroom, £265,587 for 4 bedroom and £477,229 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 £490 for 1 bedroom to £607 for 2 bedrooms, £757 for 3 bedrooms, £982 for 4 bedrooms and £563 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £497. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £587 and £784 for 3 bedroom. You should be generally be expecting around average £496 rent per month for single bedroom property, £592 for 2 bedroom, £765 for 3 bedroom, £982 for 4 bedroom and approximately £564 for a 5 bedroom property in Inverness area.

Popular Houses in Inverness

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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