Newfield Road, Elgin, IV30

Street Guide For Newfield Road, Elgin, IV30

 

Newfield Road, Elgin, IV30 Map

Estimated Price: £297,864
Average Asking Price: £186,135
Price change in last one year: £3,114
Average Price Paid: £265,500
Average Rent Rates: £554

 

Property Prices Breakdown in Newfield Road, Elgin, IV30

Average Price for property in Newfield Road, Elgin, IV30 is around £297,864 which varies based on type of property you are interested in and ranges from £308,491 for detached house to around £298,948 for terraced house. Values have been changing and have risen £1,536 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,603 in last 6 months, £3,114 in last 1 year, £15,129 in last 2 years, £9,545 in last 3 years, £9,253 in last 4 years and £10,496 in last 5 years.

Currently average asking price of a property in Newfield Road, Elgin, IV30 is around £186,135 based on approximately 2 properties for sale. Same is the case with rental options based on 31 properties up for rent, average asking rent is around £554 per month.

Estimated property value in Newfield Road, Elgin, IV30 is £297,864. Average asking price is £186,135 while average price paid is £292,500 which is up by £3,114 and Avg. asking rent £554.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 Newfield Road, Elgin, IV30 area. In last 1 year alone average price buyer paid is around £292,500 based on approximately 2 sales in Newfield Road, Elgin, IV30 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £263,125. 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 £265,500 for 5 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £247,857 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 £74,167, £107,483 for a 2 bedroom house, £152,875 for a 3 bedroom house, £243,888 for a 4 bedroom house and £331,102 for a 5 bedroom house. For a flat similarly the prices varies from £82,667 for a single bedroom to £101,550 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £142,500. To sum up the asking prices for properties in Newfield Road, Elgin, IV30 it comes to around average £78,417 for 1 bedroom property, £106,000 for 2 bedroom, £152,147 for 3 bedroom, £243,888 for 4 bedroom and £331,102 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 £386 for 1 bedroom to £459 for 2 bedroom and £641 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £399. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £487. You should be generally be expecting around average £396 rent per month for single bedroom property, £478 for 2 bedroom and approximately £641 for 3 bedroom property in Newfield Road, Elgin, IV30 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 Newfield Road, Elgin, IV30