Lochranza, Isle of Arran, KA27

Street Guide For Lochranza, Isle of Arran, KA27

 

Lochranza, Isle of Arran, KA27 Map

Estimated Price: £271,972
Average Asking Price: £253,791
Price change in last one year: £9,956
Average Price Paid: £207,328
Average Rent Rates: £783

 

Property Prices Breakdown in Lochranza, Isle of Arran, KA27

Average Price for property in Lochranza, Isle of Arran, KA27 is around £271,972 which varies based on type of property you are interested in and ranges from £304,024 for detached house to around £494,165 for semi-detached. Similarly terraced house is around £221,712 and a flat is worth £277,193. Values have been changing and have risen £538 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,031 in last 6 months, £9,956 in last 1 year, £27,041 in last 2 years, £22,316 in last 3 years, £15,961 in last 4 years and £9,879 in last 5 years.

Currently average asking price of a property in Lochranza, Isle of Arran, KA27 is around £253,791 based on approximately 3 properties for sale. Same is the case with rental options based on 3 properties up for rent, average asking rent is around £783 per month.

Estimated property value in Lochranza, Isle of Arran, KA27 is £271,972. Average asking price is £253,791 while average price paid is £218,833 which is up by £9,956 and Avg. asking rent £783.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 Lochranza, Isle of Arran, KA27 area. In last 1 year alone average price buyer paid is around £218,833 based on approximately 3 sales in Lochranza, Isle of Arran, KA27 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £185,101. 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 £207,328 for 11 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £228,707 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 £189,000, £188,613 for a 2 bedroom house, £234,900 for a 3 bedroom house, £287,898 for a 4 bedroom house and £324,583 for a 5 bedroom house. For a flat similarly the prices varies from £199,999 for a single bedroom to £195,000 for a 3 bedroom Flat. Same is the case with 4 bedroom flat £215,000 and £250,000 for a 5 bedroom flat. To sum up the asking prices for properties in Lochranza, Isle of Arran, KA27 it comes to around average £192,666 for 1 bedroom property, £188,613 for 2 bedroom, £234,032 for 3 bedroom, £285,547 for 4 bedroom and £318,846 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 £650 for 3 bedroom to £849 for 4 bedroom. You should be generally be expecting around average £650 rent per month for 3 bedroom property and approximately £850 for 4 bedroom property in Lochranza, Isle of Arran, KA27 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 Lochranza, Isle of Arran, KA27