Cockburnspath

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Area Guide For Cockburnspath

Cockburnspath (pron. CO-blazes way or CO-way) is a town in the Scottish Outskirts region of Scotland. It lies close to the North Ocean drift between Berwick-upon-Tweed and Edinburgh. It is at the eastern limit of the Southern Upland Way, a long-remove pathway from the west to east bank of Scotland, and it is likewise the end of the Sir Walter Scott Way. At the close-by town of Inlet, there is a little angling harbor. The range has numerous archeological remains which demonstrate it has been existed in and battled over since the Bronze Age. It lies near to the old intrusion course from Britain into Scotland. Cockburnspath was at first known as Kolbrand’s Way. Sir Adam de Hepburn (d. prior to 1371), in the rule of David II, had a sanction of the grounds of Traprain, and Southalls and Northalls (united as Hailes) in Haddingtonshire, and additionally the terrains of Mersingtoun, Cockburnspath, and Rollanstoun in Berwickshire . The grounds of Cockburnspath must have sooner or later returned to the Crown as they were a piece of the settlement given by James IV of Scotland to Margaret Tudor (girl of Henry VII of Britain) on their marriage in 1503.

 
 

Cockburnspath Map

Estimated Price: £215,438
Average Asking Price: £347,578
Price change in last one year: £6,549
Average Price Paid: £176,387
Average Rent Rates: £893

 
 

Property Prices Breakdown in Cockburnspath

Average Price for property in Cockburnspath is around £215,438 which varies based on type of property you are interested in and ranges from £289,245 for detached house to around £166,958 for semi-detached. Similarly terraced house is around £185,458. Values have been changing and have risen £539 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £302 in last 6 months, £6,549 in last 1 year, £19,434 in last 2 years, £18,784 in last 3 years, £24,727 in last 4 years and £18,971 in last 5 years.

Currently average asking price of a property in Cockburnspath is around £347,578 based on approximately 10 properties for sale. Same is the case with rental options based on 2 properties up for rent, average asking rent is around £893 per month.

Estimated property value in Cockburnspath is £215,438. Average asking price is £347,578 while average price paid is £192,699 which is up by £6,549 and Avg. asking rent £893.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 Cockburnspath area. In last 1 year alone average price buyer paid is around £192,699 based on approximately 10 sales in Cockburnspath area alone. If you compare it to last 3 years sales of 23 properties where buyers paid around £187,789. 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 £176,387 for 45 and average amount paid for purchase of approx. 64 properties sold in last 7 years comes to about £167,044 per sale.

 
 

Properties For Sale in Cockburnspath

 
 

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 £225,000, £201,750 for a 3 bedroom house, £368,845 for a 4 bedroom house and £563,000 for a 5 bedroom house. For a flat the prices of 2 bedroom is £105,000. To sum up the asking prices for properties in Cockburnspath it comes to around average £185,000 for 2 bedroom property, £201,750 for 3 bedroom, £368,845 for 4 bedroom and £563,000 for 5 bedroom.

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 is £1,300 for 4 bedroom. But if you are interested in renting a 3 bedroom flat then rent per month can be around £485. You should be generally be expecting around average £485 rent per month for 3 bedroom property and approximately £1,300 for 4 bedroom property in Cockburnspath area.

Popular Houses in Cockburnspath

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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