Newton Stewart

Area Guide For Newton Stewart

Newton Stewart (Gd: Baile Ùr nan Stiùbhartach) is a burgh town in the south of Scotland in the west of the region of Dumfries and Galloway and in the county of Wigtownshire. The town lies around the River Cree with the majority of the town to the west of the river, it is an administrative centre for the Machars area of Dumfries and Galloway. The town was founded in the mid 17th Century by William Stewart, youngest son of the 2nd Earl of Galloway. The "New Town of Stewart" was granted Burgh status by charter from King Charles II allowing a weekly market and two annual fairs to be held. It was on a pilgrimage to the shrine of St. Ninian at Whithorn in 1329 that Robert the Bruce forded the river where the present bridge stands. Designed by John Rennie the Elder and built in 1813 it replaced the old bridge of 1745 which was destroyed by floods in 1806. The industrialist, Sir William Douglas (died 1809), best known for founding the planned town of Castle Douglas, also established cotton mills in Newton Stewart, which was temporarily renamed "Newton Douglas" in his honour. The nearby village of Blackcraig was once a major lead-mining centre. Granite from the area was used in the
 
 

Newton Stewart Map

Estimated Price: £158,168
Average Asking Price: £179,772
Price change in last one year: £7,525
Average Price Paid: £115,117
Average Rent Rates: £442

 
 

Property Prices Breakdown in Newton Stewart

Average Price for property in Newton Stewart is around £158,168 which varies based on type of property you are interested in and ranges from £246,069 for detached house to around £114,948 for semi-detached. Similarly terraced house is around £120,637 and a flat is worth £102,817. Values have been changing and have risen £1,360 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,911 in last 6 months, £7,525 in last 1 year, £12,898 in last 2 years, £5,837 in last 3 years, £11,848 in last 4 years and £7,700 in last 5 years.

Currently average asking price of a property in Newton Stewart is around £179,772 based on approximately 133 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £442 per month.

Estimated property value in Newton Stewart is £158,168. Average asking price is £179,772 while average price paid is £91,115 which is up by £7,525 and Avg. asking rent £442.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 Newton Stewart area. In last 1 year alone average price buyer paid is around £91,115 based on approximately 133 sales in Newton Stewart area alone. If you compare it to last 3 years sales of 392 properties where buyers paid around £101,899. 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 £115,117 for 619 and average amount paid for purchase of approx. 937 properties sold in last 7 years comes to about £122,467 per sale.

 
 

Properties For Sale in Newton Stewart

 
 

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 £96,153, £113,801 for a 2 bedroom house, £167,944 for a 3 bedroom house, £249,111 for a 4 bedroom house and £220,038 for a 5 bedroom house. For a flat similarly the prices varies from £54,300 for a single bedroom to £81,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £122,500. To sum up the asking prices for properties in Newton Stewart it comes to around average £77,956 for 1 bedroom property, £110,407 for 2 bedroom, £167,139 for 3 bedroom, £249,111 for 4 bedroom and £220,038 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 £385 for 2 bedroom to £432 for 3 bedroom and £623 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £406. You should be generally be expecting around average £391 rent per month for 2 bedroom property, £432 for 3 bedroom and approximately £623 for 4 bedroom property in Newton Stewart area.

Popular Houses in Newton Stewart

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.

Browse by Streets in Newton Stewart

Browse by Outcodes in Newton Stewart