Merlin Avenue, Edinburgh, EH5

Street Guide For Merlin Avenue, Edinburgh, EH5

 

Merlin Avenue, Edinburgh, EH5 Map

Estimated Price: £168,606
Average Asking Price: £201,472
Price change in last one year: £16,266
Average Price Paid: £144,661
Average Rent Rates: £723

 

Property Prices Breakdown in Merlin Avenue, Edinburgh, EH5

Average Price for property in Merlin Avenue, Edinburgh, EH5 is around £168,606 e.g. average price for a flat is around 168,606. Values have been changing and have risen £2,355 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,157 in last 6 months, £16,266 in last 1 year, £21,247 in last 2 years, £23,915 in last 3 years, £24,367 in last 4 years and £20,398 in last 5 years.

Currently average asking price of a property in Merlin Avenue, Edinburgh, EH5 is around £201,472 based on approximately 1 properties for sale. Same is the case with rental options based on 24 properties up for rent, average asking rent is around £723 per month.

Estimated property value in Merlin Avenue, Edinburgh, EH5 is £168,606. Average asking price is £201,472 while average price paid is £156,000 which is up by £16,266 and Avg. asking rent £723.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 Merlin Avenue, Edinburgh, EH5 area. In last 1 year alone average price buyer paid is around £156,000 based on approximately 1 sales in Merlin Avenue, Edinburgh, EH5 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £161,444. 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 £144,661 for 40 and average amount paid for purchase of approx. 40 properties sold in last 7 years comes to about £144,661 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 £85,000, £146,665 for a 2 bedroom house, £442,500 for a 3 bedroom house, £465,000 for a 4 bedroom house and £965,000 for a 5 bedroom house. For a flat similarly the prices varies from £115,285 for a single bedroom to £162,189 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £160,333 and £200,000 for a 4 bedroom flat. To sum up the asking prices for properties in Merlin Avenue, Edinburgh, EH5 it comes to around average £111,499 for 1 bedroom property, £160,931 for 2 bedroom, £200,642 for 3 bedroom, £376,667 for 4 bedroom and £965,000 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 £641 for 2 bedroom to £663 for 3 bedroom and £1,248 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £554. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £712 and £1,012 for 3 bedroom. You should be generally be expecting around average £554 rent per month for single bedroom property, £700 for 2 bedroom, £838 for 3 bedroom and approximately £1,248 for 4 bedroom property in Merlin Avenue, Edinburgh, EH5 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 Merlin Avenue, Edinburgh, EH5