Norstane, Lerwick, Shetland, ZE1

Street Guide For Norstane, Lerwick, Shetland, ZE1

 

Norstane, Lerwick, Shetland, ZE1 Map

Estimated Price: £142,717
Average Asking Price: £212,500
Price change in last one year: £10,451
Average Price Paid: £101,117
Average Rent Rates: --

 

Property Prices Breakdown in Norstane, Lerwick, Shetland, ZE1

Average Price for property in Norstane, Lerwick, Shetland, ZE1 is around £142,717 e.g. average price for semi-detached is around 185,047. Values have been changing and have risen £262 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £647 in last 6 months, £10,451 in last 1 year, £17,439 in last 2 years, £16,198 in last 3 years, £19,790 in last 4 years and £16,829 in last 5 years.

Currently average asking price of a property in Norstane, Lerwick, Shetland, ZE1 is around £212,500 based on approximately 0 properties for sale.

Estimated property value in Norstane, Lerwick, Shetland, ZE1 is £142,717. Average asking price is £212,500 while average price paid is £155,750 which is up by £16,198.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 Norstane, Lerwick, Shetland, ZE1 area. In last 3 years alone average price buyer paid is around £155,750 based on approximately 2 sales in Norstane, Lerwick, Shetland, ZE1 area alone. If you compare it to last 5 years sales of 5 properties where buyers paid around £101,117. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £93,323 for 8 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 4 bedroom is around £245,000. To sum up the asking prices for properties in Norstane, Lerwick, Shetland, ZE1 it comes to around average £245,000 for 4 bedroom property.

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 Norstane, Lerwick, Shetland, ZE1