Lyness, Stromness, KW16

Street Guide For Lyness, Stromness, KW16

 

Lyness, Stromness, KW16 Map

Estimated Price: £224,882
Average Asking Price: £245,554
Price change in last one year: £15,616
Average Price Paid: £192,546
Average Rent Rates: £805

 

Property Prices Breakdown in Lyness, Stromness, KW16

Average Price for property in Lyness, Stromness, KW16 is around £224,882 which varies based on type of property you are interested in and ranges from £336,619 for detached house to around £201,954 for semi-detached. Similarly terraced house is around £193,042 and a flat is worth £134,275. Values have been changing and have risen £1,731 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,824 in last 6 months, £15,616 in last 1 year, £22,165 in last 2 years, £27,055 in last 3 years, £24,939 in last 4 years and £26,093 in last 5 years.

Currently average asking price of a property in Lyness, Stromness, KW16 is around £245,554 based on approximately 211 properties for sale. Same is the case with rental options based on 14 properties up for rent, average asking rent is around £805 per month.

Estimated property value in Lyness, Stromness, KW16 is £224,882. Average asking price is £245,554 while average price paid is £200,469 which is up by £15,616 and Avg. asking rent £805.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 Lyness, Stromness, KW16 area. In last 1 year alone average price buyer paid is around £200,469 based on approximately 211 sales in Lyness, Stromness, KW16 area alone. If you compare it to last 3 years sales of 620 properties where buyers paid around £192,332. 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 £192,546 for 1,009 and average amount paid for purchase of approx. 1,332 properties sold in last 7 years comes to about £187,278 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 £121,000, £165,686 for a 2 bedroom house, £261,990 for a 3 bedroom house, £311,917 for a 4 bedroom house and £382,362 for a 5 bedroom house. For a flat similarly the prices varies from £109,850 for a single bedroom to £105,000 for a 2 bedroom Flat. To sum up the asking prices for properties in Lyness, Stromness, KW16 it comes to around average £112,328 for 1 bedroom property, £152,200 for 2 bedroom, £261,990 for 3 bedroom, £311,917 for 4 bedroom and £382,362 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 £477 for 1 bedroom to £635 for 2 bedroom, £831 for 3 bedroom and £988 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £425. You should be generally be expecting around average £451 rent per month for single bedroom property, £635 for 2 bedroom, £831 for 3 bedroom and approximately £988 for 4 bedroom property in Lyness, Stromness, KW16 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 Lyness, Stromness, KW16