Average Price for property in Melrose, TD6 is around £372,044 which varies based on type of property you are interested in and ranges from £529,012 for detached house to around £203,289 for semi-detached. Similarly terraced house is around £208,874 and a flat is worth £168,032. Values have been changing and have risen £591 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,624 in last 6 months, £5,748 in last 1 year, £29,822 in last 2 years, £26,445 in last 3 years, £37,536 in last 4 years and £28,362 in last 5 years.
Currently average asking price of a property in Melrose, TD6 is around £269,975 based on approximately 5 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, TD6 is £372,044. Average asking price is £269,975 while average price paid is £254,100 which is up by £5,748 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, TD6 area. In last 1 year alone average price buyer paid is around £254,100 based on approximately 5 sales in Melrose, TD6 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £213,318. 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 £365,983 for 30 and average amount paid for purchase of approx. 43 properties sold in last 7 years comes to about £325,883 per sale.