Lorne Place, Edinburgh, EH6

Street Guide For Lorne Place, Edinburgh, EH6

 

Lorne Place, Edinburgh, EH6 Map

Estimated Price: £109,456
Average Asking Price: £165,959
Price change in last one year: £10,079
Average Price Paid: £94,666
Average Rent Rates: £730

 

Property Prices Breakdown in Lorne Place, Edinburgh, EH6

Average Price for property in Lorne Place, Edinburgh, EH6 is around £109,456 e.g. average price for a flat is around 109,456. Values have been changing and have risen £1,529 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,350 in last 6 months, £10,079 in last 1 year, £13,675 in last 2 years, £14,861 in last 3 years, £15,077 in last 4 years and £12,964 in last 5 years.

Currently average asking price of a property in Lorne Place, Edinburgh, EH6 is around £165,959 based on approximately 1 properties for sale. Same is the case with rental options based on 81 properties up for rent, average asking rent is around £730 per month.

Estimated property value in Lorne Place, Edinburgh, EH6 is £109,456. Average asking price is £165,959 while average price paid is £100,000 which is up by £10,079 and Avg. asking rent £730.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 Lorne Place, Edinburgh, EH6 area. In last 1 year alone average price buyer paid is around £100,000 based on approximately 1 sales in Lorne Place, Edinburgh, EH6 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £95,750. 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 £94,666 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £97,250 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 £113,332, £155,722 for a 2 bedroom house, £312,500 for a 3 bedroom house, £215,000 for a 4 bedroom house and £532,498 for a 5 bedroom house. For a flat similarly the prices varies from £109,190 for a single bedroom to £164,425 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £222,500 and £306,989 for a 4 bedroom flat. To sum up the asking prices for properties in Lorne Place, Edinburgh, EH6 it comes to around average £109,373 for 1 bedroom property, £163,878 for 2 bedroom, £240,500 for 3 bedroom, £280,706 for 4 bedroom and £532,498 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 £574 for 1 bedroom to £936 for 2 bedroom, £823 for 3 bedroom and £1,499 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 £767, £1,012 for 3 bedroom and £1,376 for 4 bedroom. You should be generally be expecting around average £553 rent per month for single bedroom property, £775 for 2 bedroom, £970 for 3 bedroom and approximately £1,438 for 4 bedroom property in Lorne Place, Edinburgh, EH6 area.

Popular Houses in Lorne Place, Edinburgh, EH6

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 Lorne Place, Edinburgh, EH6