Millan Park, Lumphanan, Banchory, AB31

Street Guide For Millan Park, Lumphanan, Banchory, AB31

 

Millan Park, Lumphanan, Banchory, AB31 Map

Estimated Price: £243,108
Average Asking Price: £506,874
Price change in last one year: £19,609
Average Price Paid: £181,220
Average Rent Rates: £1,504

 

Property Prices Breakdown in Millan Park, Lumphanan, Banchory, AB31

Average Price for property in Millan Park, Lumphanan, Banchory, AB31 is around £243,108 which varies based on type of property you are interested in and ranges from £286,754 for detached house to around £171,652 for semi-detached. Values have been changing and have risen £2,102 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,786 in last 6 months, £19,609 in last 1 year, £36,355 in last 2 years, £34,135 in last 3 years, £41,409 in last 4 years and £40,227 in last 5 years.

Currently average asking price of a property in Millan Park, Lumphanan, Banchory, AB31 is around £506,874 based on approximately 1 properties for sale. Same is the case with rental options based on 7 properties up for rent, average asking rent is around £1,504 per month.

Estimated property value in Millan Park, Lumphanan, Banchory, AB31 is £243,108. Average asking price is £506,874 while average price paid is £156,000 which is up by £19,609 and Avg. asking rent £1,504.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 Millan Park, Lumphanan, Banchory, AB31 area. In last 1 year alone average price buyer paid is around £156,000 based on approximately 1 sales in Millan Park, Lumphanan, Banchory, AB31 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £204,136. 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 £181,220 for 7 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £189,154 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 £310,000, £721,665 for a 4 bedroom house and £720,000 for a 5 bedroom house. To sum up the asking prices for properties in Millan Park, Lumphanan, Banchory, AB31 it comes to around average £310,000 for 3 bedroom property, £721,665 for 4 bedroom and £720,000 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 £1,400 for 3 bedroom to £1,798 for 4 bedroom and £2,401 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £802. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £862. You should be generally be expecting around average £802 rent per month for single bedroom property, £862 for 2 bedroom, £1,400 for 3 bedroom, £1,798 for 4 bedroom and approximately £2,400 for a 5 bedroom property in Millan Park, Lumphanan, Banchory, AB31 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 Millan Park, Lumphanan, Banchory, AB31