Lochgilphead

Area Guide For Lochgilphead

Lochgilphead/lɒxˈɡɪlp.hɛd/ (Scottish Gaelic: Ceann Loch Gilb [kʲʰan̪ˠ lˠ̪ɔx ˈkʲilip]) is a town and previous burgh in Argyll, Scotland, with a populace of around 2,300 people. It is the managerial focus of Argyll and Bute. The town lies toward the end of Loch Gilp (itself an extension of Loch Fyne) and lies on the banks of the Crinan Waterway. Lochgilphead sits on the A83 street, Ardrishaig is 2 miles South and Inveraray 24 miles North East, Oban lies 37 miles North on the A816. The chamber is based at Kilmory Manor, around which is placed a forest park and an Iron Age stronghold. The Ranger service Commission additionally have an office there. Lochgilphead's offices incorporate a swimming pool, games focus, fishing supplies tackle shop, three banks, supermarket, Renault dealership, a group clinic run by the neighborhood GPs, psychiatric doctor's facility, 9-opening green, knocking down some pins club, a hydrotherapy pool, a local landfill site at Dunchologan.

 
 

Lochgilphead Map

Estimated Price: £163,475
Average Asking Price: £217,959
Price change in last one year: £4,934
Average Price Paid: £147,562
Average Rent Rates: £399

 
 

Property Prices Breakdown in Lochgilphead

Average Price for property in Lochgilphead is around £163,475 which varies based on type of property you are interested in and ranges from £272,006 for detached house to around £127,854 for semi-detached. Similarly terraced house is around £121,693 and a flat is worth £91,895. Values have been changing and have risen £1,337 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,981 in last 6 months, £4,934 in last 1 year, £14,885 in last 2 years, £7,573 in last 3 years, £11,847 in last 4 years and £9,163 in last 5 years.

Currently average asking price of a property in Lochgilphead is around £217,959 based on approximately 77 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £399 per month.

Estimated property value in Lochgilphead is £163,475. Average asking price is £217,959 while average price paid is £140,970 which is up by £4,934 and Avg. asking rent £399.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 Lochgilphead area. In last 1 year alone average price buyer paid is around £140,970 based on approximately 77 sales in Lochgilphead area alone. If you compare it to last 3 years sales of 222 properties where buyers paid around £146,809. 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 £147,562 for 358 and average amount paid for purchase of approx. 537 properties sold in last 7 years comes to about £144,319 per sale.

 
 

Properties For Sale in Lochgilphead

 
 

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 £90,000, £140,107 for a 2 bedroom house, £159,285 for a 3 bedroom house, £259,105 for a 4 bedroom house and £426,125 for a 5 bedroom house. For a flat similarly the prices varies from £63,748 for a single bedroom to £67,875 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £115,250 and £110,000 for a 4 bedroom flat. To sum up the asking prices for properties in Lochgilphead it comes to around average £72,498 for 1 bedroom property, £108,004 for 2 bedroom, £149,500 for 3 bedroom, £251,650 for 4 bedroom and £426,125 for a 5 bedroom property.

Popular Houses in Lochgilphead

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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