Newmilns

Area Guide For Newmilns

Newmilns and Greenholm is a little burgh in East Ayrshire, Scotland. It has a populace of 3,057 individuals (2001 statistics) and lies on the A71, around seven miles east of Kilmarnock and twenty-five miles southwest of Glasgow. It is arranged in a valley through which the Stream Irvine runs and, with the neighboring towns of Darvel and Galston, structures a zone known as the Upper Irvine Valley (generally alluded to as The Valley). As the name proposes, the burgh exists in two sections - Newmilns to the north of the stream and Greenholm to the south. The waterway likewise separates the wards of Loudoun and Galston, which is the reason the burgh, albeit for the most part alluded to as Newmilns, has held both names. The name itself seems to have its starting points in Early English, niwe (new)/ mylen (factory), so it could be dated to the Early English period (c. mid fifth - mid twelfth hundreds of years). The soonest referred to recording of the name shows up as Nawemeln in 1126, with the utilization of the plural s dating from at any rate as ahead of schedule as the fifteenth century.

 
 

Newmilns Map

Estimated Price: £113,127
Average Asking Price: £100,795
Price change in last one year: £3,967
Average Price Paid: £80,027
Average Rent Rates: £363

 
 

Property Prices Breakdown in Newmilns

Average Price for property in Newmilns is around £113,127 which varies based on type of property you are interested in and ranges from £215,836 for detached house to around £104,557 for semi-detached. Similarly terraced house is around £97,099 and a flat is worth £55,618. Values have been changing and have risen £254 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £626 in last 6 months, £3,967 in last 1 year, £11,584 in last 2 years, £9,797 in last 3 years, £7,054 in last 4 years and £5,441 in last 5 years.

Currently average asking price of a property in Newmilns is around £100,795 based on approximately 43 properties for sale. Same is the case with rental options based on 7 properties up for rent, average asking rent is around £363 per month.

Estimated property value in Newmilns is £113,127. Average asking price is £100,795 while average price paid is £83,161 which is up by £3,967 and Avg. asking rent £363.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 Newmilns area. In last 1 year alone average price buyer paid is around £83,161 based on approximately 43 sales in Newmilns area alone. If you compare it to last 3 years sales of 130 properties where buyers paid around £79,719. 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 £80,027 for 184 and average amount paid for purchase of approx. 277 properties sold in last 7 years comes to about £85,524 per sale.

 
 

Properties For Sale in Newmilns

 
 

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 £58,000, £82,499 for a 3 bedroom house, £158,277 for a 4 bedroom house and £425,000 for a 5 bedroom house. For a flat similarly the prices varies from £31,486 for a single bedroom to £51,998 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £47,995. To sum up the asking prices for properties in Newmilns it comes to around average £31,486 for 1 bedroom property, £52,998 for 2 bedroom, £77,570 for 3 bedroom, £158,277 for 4 bedroom and £425,000 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 is £576 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £287. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £425 and £394 for 3 bedroom. You should be generally be expecting around average £287 rent per month for single bedroom property, £425 for 2 bedroom and approximately £485 for 3 bedroom property in Newmilns area.

Popular Houses in Newmilns

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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