Isle of Barra

Area Guide For Isle of Barra

Barra is an island in the Outer Hebrides in Scotland. Barra is the second southernmost occupied island of the Outer Hebrides after the adjoining island of Vatersay, to which it is associated by a thoroughfare. In 2011 the populace was 1,174, very nearly 100 higher than the 1,078 tallied at the time of the 2001 census. Ferries to Oban, Lochboisdale, Tiree and Eriskay are controlled by Caledonian MacBrayne. Castlebay is the primary port from which ships sail to Oban on the Scottish territory, Tiree and Lochboisdale (Loch Baghasdail) in South Uist. The territory intersection takes around 5 hours. A vehicular ship goes between Ardmore (A Àird Mhòr) and Ceann a' Gharaidh in Eriskay (Èirisgeigh). The intersection takes around 40 minutes.

 
 

Isle of Barra Map

Estimated Price: £108,166
Average Asking Price: £136,999
Price change in last one year: £8,153
Average Price Paid: £100,113
Average Rent Rates: --

 
 

Property Prices Breakdown in Isle of Barra

Average Price for property in Isle of Barra is around £108,166 which varies based on type of property you are interested in and ranges from £149,454 for detached house to around £73,426 for semi-detached. Similarly terraced house is around £81,300 and a flat is worth £92,394. Values have been changing and have risen £222 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £581 in last 6 months, £8,153 in last 1 year, £13,650 in last 2 years, £13,061 in last 3 years, £15,313 in last 4 years and £13,198 in last 5 years.

Currently average asking price of a property in Isle of Barra is around £136,999 based on approximately 7 properties for sale.

Estimated property value in Isle of Barra is £108,166. Average asking price is £136,999 while average price paid is £113,961 which is up by £8,153.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 Isle of Barra area. In last 1 year alone average price buyer paid is around £113,961 based on approximately 7 sales in Isle of Barra area alone. If you compare it to last 3 years sales of 16 properties where buyers paid around £92,587. 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 £100,113 for 26 and average amount paid for purchase of approx. 41 properties sold in last 7 years comes to about £94,540 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 2 bedroom is around £105,000, £92,500 for a 3 bedroom house and £195,000 for a 4 bedroom house. To sum up the asking prices for properties in Isle of Barra it comes to around average £105,000 for 2 bedroom property, £92,500 for 3 bedroom and £195,000 for 4 bedroom.

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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