Average Price for property in Melrose is around £236,408 which varies based on type of property you are interested in and ranges from £366,110 for detached house to around £199,886 for semi-detached. Similarly terraced house is around £179,007 and a flat is worth £155,673. Values have been changing and have risen £582 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £327 in last 6 months, £7,079 in last 1 year, £21,005 in last 2 years, £20,304 in last 3 years, £26,727 in last 4 years and £20,503 in last 5 years.
Currently average asking price of a property in Melrose is around £269,975 based on approximately 107 properties for sale. Same is the case with rental options based on 10 properties up for rent, average asking rent is around £508 per month.
Estimated property value in Melrose is £236,408. Average asking price is £269,975 while average price paid is £214,634 which is up by £7,079 and Avg. asking rent £508.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 Melrose area. In last 1 year alone average price buyer paid is around £214,634 based on approximately 107 sales in Melrose area alone. If you compare it to last 3 years sales of 303 properties where buyers paid around £208,711. 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 £210,569 for 500 and average amount paid for purchase of approx. 705 properties sold in last 7 years comes to about £203,917 per sale.