Lombard Street, Inverness, IV1

Street Guide For Lombard Street, Inverness, IV1

 

Lombard Street, Inverness, IV1 Map

Estimated Price: £140,747
Average Asking Price: £275,434
Price change in last one year: £844
Average Price Paid: £90,000
Average Rent Rates: £750

 

Property Prices Breakdown in Lombard Street, Inverness, IV1

Average Price for property in Lombard Street, Inverness, IV1 is around £140,747 e.g. average price for a flat is around 128,667. Values have been changing and have risen £1,225 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,083 in last 6 months, £844 in last 1 year, £9,517 in last 2 years, £6,476 in last 3 years, £9,229 in last 4 years and £8,353 in last 5 years.

Currently average asking price of a property in Lombard Street, Inverness, IV1 is around £275,434 based on approximately 1 properties for sale. Same is the case with rental options based on 8 properties up for rent, average asking rent is around £750 per month.

Estimated property value in Lombard Street, Inverness, IV1 is £140,747. Average asking price is £275,434 while average price paid is £100,000 which is up by £844 and Avg. asking rent £750.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 Lombard Street, Inverness, IV1 area. In last 1 year alone average price buyer paid is around £100,000 based on approximately 1 sales in Lombard Street, Inverness, IV1 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £90,000. 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 £90,000 for 2 and average amount paid for purchase of approx. 2 properties sold in last 7 years comes to about £90,000 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 £167,500, £155,000 for a 3 bedroom house, £293,000 for a 4 bedroom house and £400,000 for a 5 bedroom house. For a flat similarly the prices varies from £82,000 for a single bedroom to £118,000 for a 2 bedroom Flat. To sum up the asking prices for properties in Lombard Street, Inverness, IV1 it comes to around average £82,000 for 1 bedroom property, £134,500 for 2 bedroom, £155,000 for 3 bedroom, £293,000 for 4 bedroom and £400,000 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 is £1,008 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £550. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £673 and £867 for 3 bedroom. You should be generally be expecting around average £550 rent per month for single bedroom property, £673 for 2 bedroom, £867 for 3 bedroom and approximately £1,008 for 4 bedroom property in Lombard Street, Inverness, IV1 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 Lombard Street, Inverness, IV1