ML8

Real Estate Area Guide For ML8

 
 

ML8 Map

Estimated Price: £137,851
Average Asking Price: £161,816
Price change in last one year: £5,108
Average Price Paid: £118,755
Average Rent Rates: £460

Scottish Property Centre
387 Main St, Wishaw, North Lanarkshire ML2 7NG, UK

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Property Prices Breakdown in ML8

Average Price for property in ML8 is around £137,851 which varies based on type of property you are interested in and ranges from £211,930 for detached house to around £116,687 for semi-detached. Similarly terraced house is around £84,092 and a flat is worth £77,667. Values have been changing and have risen £1,611 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,209 in last 6 months, £5,108 in last 1 year, £13,859 in last 2 years, £10,575 in last 3 years, £5,438 in last 4 years and £11,201 in last 5 years.

Currently average asking price of a property in ML8 is around £161,816 based on approximately 227 properties for sale. Same is the case with rental options based on 17 properties up for rent, average asking rent is around £460 per month.

Estimated property value in ML8 is £137,851. Average asking price is £161,816 while average price paid is £121,630 which is up by £5,108 and Avg. asking rent £460.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 ML8 area. In last 1 year alone average price buyer paid is around £121,630 based on approximately 227 sales in ML8 area alone. If you compare it to last 3 years sales of 640 properties where buyers paid around £119,075. 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 £118,755 for 1,061 and average amount paid for purchase of approx. 1,643 properties sold in last 7 years comes to about £121,412 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 2 bedroom is around £94,439, £148,082 for a 3 bedroom house, £212,606 for a 4 bedroom house and £379,713 for a 5 bedroom house. For a flat similarly the prices varies from £47,992 for a single bedroom to £80,650 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £135,000. To sum up the asking prices for properties in ML8 it comes to around average £47,992 for 1 bedroom property, £86,472 for 2 bedroom, £147,844 for 3 bedroom, £212,606 for 4 bedroom and £379,713 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 £542 for 2 bedroom to £650 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £356. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £479. You should be generally be expecting around average £356 rent per month for single bedroom property, £503 for 2 bedroom and approximately £650 for 3 bedroom property in ML8 area.

Popular Houses in ML8

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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