North Berwick

Area Guide For North Berwick

North Berwick (Scottish Gaelic: Bearaig a Tuath) is an ocean side town and previous imperial burgh in East Lothian, Scotland. It is arranged on the south shore of the Firth of Forward, roughly 25 miles (40 km) east north east of Edinburgh. North Berwick turned into a stylish occasion resort in the nineteenth century in light of its two sandy straights, the East (or Milsey) Sound and the West Inlet, and keeps on drawing in occasion producers right up 'til today. Fairways at the closures of each one cove are interested in guests. The name North Berwick implies North 'grain farmstead' ('bere' in Early English signifies "grain" and "wic" in Early English is 'farmstead'). The saying North was connected to recognize this Berwick from Berwick-upon-Tweed, which all through the Medieval times the Scots called South Berwick. It was recorded as Northberwyk in 1250. On the south of North Berwick Law there is confirmation of no less than eighteen cabin circles, rich middens and a field framework dating from 2000 years prior.

 
 

North Berwick Map

Estimated Price: £375,740
Average Asking Price: £545,745
Price change in last one year: £34,263
Average Price Paid: £332,534
Average Rent Rates: £652

 
 

Property Prices Breakdown in North Berwick

Average Price for property in North Berwick is around £375,740 which varies based on type of property you are interested in and ranges from £582,643 for detached house to around £386,663 for semi-detached. Similarly terraced house is around £329,877 and a flat is worth £292,711. Values have been changing and have risen £5,014 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,901 in last 6 months, £34,263 in last 1 year, £44,840 in last 2 years, £49,161 in last 3 years, £49,024 in last 4 years and £42,343 in last 5 years.

Currently average asking price of a property in North Berwick is around £545,745 based on approximately 184 properties for sale. Same is the case with rental options based on 4 properties up for rent, average asking rent is around £652 per month.

Estimated property value in North Berwick is £375,740. Average asking price is £545,745 while average price paid is £343,462 which is up by £34,263 and Avg. asking rent £652.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 North Berwick area. In last 1 year alone average price buyer paid is around £343,462 based on approximately 184 sales in North Berwick area alone. If you compare it to last 3 years sales of 517 properties where buyers paid around £330,746. 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 £332,534 for 795 and average amount paid for purchase of approx. 1,097 properties sold in last 7 years comes to about £330,177 per sale.

 
 

Properties For Sale in North Berwick

 
 

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 £199,800, £372,492 for a 3 bedroom house, £528,385 for a 4 bedroom house and £813,929 for a 5 bedroom house. For a flat similarly the prices varies from £185,000 for a single bedroom to £248,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £478,500, £315,000 for a 4 bedroom flat and £1,200,000 for a 5 bedroom flat. To sum up the asking prices for properties in North Berwick it comes to around average £185,000 for 1 bedroom property, £231,933 for 2 bedroom, £414,895 for 3 bedroom, £513,143 for 4 bedroom and £839,667 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 £728 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £581. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £650. You should be generally be expecting around average £581 rent per month for single bedroom property, £650 for 2 bedroom and approximately £728 for 3 bedroom property in North Berwick area.

Popular Houses in North Berwick

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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