Values have been changing and have risen £1,029 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,147 in last 6 months, £25,015 in last 1 year, £31,864 in last 2 years, £19,144 in last 3 years, £32,878 in last 4 years and £17,006 in last 5 years.
Currently average asking price of a property in Melville Terrace, Dundee, DD2 is around £208,782 based on approximately 2 properties for sale. Same is the case with rental options based on 133 properties up for rent, average asking rent is around £619 per month.
Estimated property value in Melville Terrace, Dundee, DD2 is £276,621. Average asking price is £208,782 while average price paid is £185,000 which is up by £25,015 and Avg. asking rent £619.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 Melville Terrace, Dundee, DD2 area. In last 1 year alone average price buyer paid is around £185,000 based on approximately 2 sales in Melville Terrace, Dundee, DD2 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £247,800. 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 £238,000 for 7 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £238,000 per sale.