Meldrum Drive, Newmachar, Aberdeen, AB21

Street Guide For Meldrum Drive, Newmachar, Aberdeen, AB21

 

Meldrum Drive, Newmachar, Aberdeen, AB21 Map

Estimated Price: £236,169
Average Asking Price: £259,862
Price change in last one year: £19,050
Average Price Paid: £161,583
Average Rent Rates: £1,212

 

Property Prices Breakdown in Meldrum Drive, Newmachar, Aberdeen, AB21

Average Price for property in Meldrum Drive, Newmachar, Aberdeen, AB21 is around £236,169 which varies based on type of property you are interested in and ranges from £270,951 for detached house to around £209,698 for terraced house. Values have been changing and have risen £2,042 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,678 in last 6 months, £19,050 in last 1 year, £35,319 in last 2 years, £33,164 in last 3 years, £40,231 in last 4 years and £39,082 in last 5 years.

Currently average asking price of a property in Meldrum Drive, Newmachar, Aberdeen, AB21 is around £259,862 based on approximately 1 properties for sale. Same is the case with rental options based on 15 properties up for rent, average asking rent is around £1,212 per month.

Estimated property value in Meldrum Drive, Newmachar, Aberdeen, AB21 is £236,169. Average asking price is £259,862 while average price paid is £167,500 which is up by £19,050 and Avg. asking rent £1,212.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 Meldrum Drive, Newmachar, Aberdeen, AB21 area. In last 1 year alone average price buyer paid is around £167,500 based on approximately 1 sales in Meldrum Drive, Newmachar, Aberdeen, AB21 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £139,166. 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 £161,583 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £156,750 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 3 bedroom is around £249,950, £361,333 for a 4 bedroom house and £384,000 for a 5 bedroom house. For a flat the prices of 2 bedroom is £247,995. To sum up the asking prices for properties in Meldrum Drive, Newmachar, Aberdeen, AB21 it comes to around average £247,995 for 2 bedroom property, £249,950 for 3 bedroom, £361,333 for 4 bedroom and £384,000 for 5 bedroom.

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 £836 for 1 bedroom to £997 for 2 bedroom, £1,384 for 3 bedroom and £1,699 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £748. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £899 and £1,651 for 3 bedroom. You should be generally be expecting around average £777 rent per month for single bedroom property, £932 for 2 bedroom, £1,422 for 3 bedroom and approximately £1,698 for 4 bedroom property in Meldrum Drive, Newmachar, Aberdeen, AB21 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 Meldrum Drive, Newmachar, Aberdeen, AB21