Selkirk

Area Guide For Selkirk

The Royal Burgh of Selkirk (Scottish Gaelic: Salcraig) is a town in the Scottish Borders Council locale of southeastern Scotland. It lies on the Ettrick Water, a tributary of the River Tweed. The people of the town are known as Souters, which implies shoemakers (shoe producers and menders). At the time of the 2001 registration, Selkirk's populace was 5,839. Selkirk was once the area town of Selkirkshire. Selkirk is one of the most established Royal Burghs in Scotland and is the site of the soonest settlements in what is presently the Scottish Borders. The town's name starts from the congregation (kirk) for the Selgovae, who were an unique tribe from the Roman Empire's attacks of Caledonii.Selkirk is the site of the first Border Abbey, however the group of Tironensian ministers moved to Kelso amid the rule of King David I. In 1113, King David I conceded Selkirk a lot of area.

 
 

Selkirk Map

Estimated Price: £165,164
Average Asking Price: £211,460
Price change in last one year: £4,995
Average Price Paid: £152,432
Average Rent Rates: £648

 
 

Property Prices Breakdown in Selkirk

Average Price for property in Selkirk is around £165,164 which varies based on type of property you are interested in and ranges from £302,811 for detached house to around £149,906 for semi-detached. Similarly terraced house is around £116,402 and a flat is worth £96,072. Values have been changing and have risen £410 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £230 in last 6 months, £4,995 in last 1 year, £14,825 in last 2 years, £14,331 in last 3 years, £18,866 in last 4 years and £14,475 in last 5 years.

Currently average asking price of a property in Selkirk is around £211,460 based on approximately 72 properties for sale. Same is the case with rental options based on 6 properties up for rent, average asking rent is around £648 per month.

Estimated property value in Selkirk is £165,164. Average asking price is £211,460 while average price paid is £143,652 which is up by £4,995 and Avg. asking rent £648.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 Selkirk area. In last 1 year alone average price buyer paid is around £143,652 based on approximately 72 sales in Selkirk area alone. If you compare it to last 3 years sales of 198 properties where buyers paid around £139,214. 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 £152,432 for 325 and average amount paid for purchase of approx. 491 properties sold in last 7 years comes to about £149,099 per sale.

 
 

Properties For Sale in Selkirk

 
 

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 2 bedroom is around £129,082, £186,268 for a 3 bedroom house, £291,300 for a 4 bedroom house and £473,750 for a 5 bedroom house. For a flat similarly the prices varies from £46,200 for a single bedroom to £100,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £105,000. To sum up the asking prices for properties in Selkirk it comes to around average £46,200 for 1 bedroom property, £121,327 for 2 bedroom, £180,464 for 3 bedroom, £291,300 for 4 bedroom and £473,750 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 £462 for 2 bedroom to £594 for 3 bedroom and £793 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £351. You should be generally be expecting around average £351 rent per month for single bedroom property, £462 for 2 bedroom, £594 for 3 bedroom and approximately £793 for 4 bedroom property in Selkirk area.

Popular Houses in Selkirk

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.

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