Morvenside, Edinburgh, EH14

Street Guide For Morvenside, Edinburgh, EH14

 

Morvenside, Edinburgh, EH14 Map

Estimated Price: £131,698
Average Asking Price: £296,351
Price change in last one year: £13,091
Average Price Paid: £117,632
Average Rent Rates: £1,072

 

Property Prices Breakdown in Morvenside, Edinburgh, EH14

Average Price for property in Morvenside, Edinburgh, EH14 is around £131,698 which varies based on type of property you are interested in and ranges from £134,664 for detached house to around £141,867 for semi-detached. Similarly terraced house is around £147,740 and a flat is worth £118,746. Values have been changing and have risen £2,149 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,881 in last 6 months, £13,091 in last 1 year, £15,917 in last 2 years, £17,801 in last 3 years, £17,845 in last 4 years and £17,653 in last 5 years.

Currently average asking price of a property in Morvenside, Edinburgh, EH14 is around £296,351 based on approximately 3 properties for sale. Same is the case with rental options based on 25 properties up for rent, average asking rent is around £1,072 per month.

Estimated property value in Morvenside, Edinburgh, EH14 is £131,698. Average asking price is £296,351 while average price paid is £141,151 which is up by £13,091 and Avg. asking rent £1,072.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 Morvenside, Edinburgh, EH14 area. In last 1 year alone average price buyer paid is around £141,151 based on approximately 3 sales in Morvenside, Edinburgh, EH14 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £123,556. 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 £117,632 for 11 and average amount paid for purchase of approx. 14 properties sold in last 7 years comes to about £121,711 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 £93,998, £157,500 for a 2 bedroom house, £246,307 for a 3 bedroom house, £496,314 for a 4 bedroom house and £654,909 for a 5 bedroom house. For a flat similarly the prices varies from £107,419 for a single bedroom to £138,763 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £152,773 and £100,000 for a 4 bedroom flat. To sum up the asking prices for properties in Morvenside, Edinburgh, EH14 it comes to around average £104,903 for 1 bedroom property, £142,170 for 2 bedroom, £203,437 for 3 bedroom, £463,288 for 4 bedroom and £654,909 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 £813 for 2 bedroom to £1,088 for 3 bedroom, £1,562 for 4 bedroom and £4,000 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £563. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £721, £971 for 3 bedroom and £1,101 for 4 bedroom. You should be generally be expecting around average £563 rent per month for single bedroom property, £747 for 2 bedroom, £1,049 for 3 bedroom, £1,408 for 4 bedroom and approximately £4,000 for a 5 bedroom property in Morvenside, Edinburgh, EH14 area.

Popular Houses in Morvenside, Edinburgh, EH14

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 Morvenside, Edinburgh, EH14