Innerleithen

Area Guide For Innerleithen

Innerleithen is Civil Parish and a residential area in the board of trustees territory of Tweeddale, in the Scottish Borders.

The town is said to have been established by a nomad traveller minister called St. Ronan in A.D.737, who came to Innerleithen by means of the River Tweed in a coracle. Ministers would positively have ventured to every part of the characteristic course of the Clyde and Tweed valleys on some way or another between the religious focuses of Iona and Holy Island. A Celtic stone cut with glass and rings/channels, known as the Runic Cross was found on the slants of the Leithen valley recommending that a congregation existed amid the Early Middle Ages. The stone can be seen in the yard of the area church on Leithen Road.

 
 

Innerleithen Map

Estimated Price: £215,192
Average Asking Price: £243,160
Price change in last one year: £18,898
Average Price Paid: £165,057
Average Rent Rates: £732

 
 

Property Prices Breakdown in Innerleithen

Average Price for property in Innerleithen is around £215,192 which varies based on type of property you are interested in and ranges from £338,932 for detached house to around £189,463 for semi-detached. Similarly terraced house is around £151,793 and a flat is worth £112,866. Values have been changing and have risen £2,766 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,116 in last 6 months, £18,898 in last 1 year, £24,734 in last 2 years, £27,120 in last 3 years, £27,047 in last 4 years and £23,365 in last 5 years.

Currently average asking price of a property in Innerleithen is around £243,160 based on approximately 46 properties for sale. Same is the case with rental options based on 9 properties up for rent, average asking rent is around £732 per month.

Estimated property value in Innerleithen is £215,192. Average asking price is £243,160 while average price paid is £154,988 which is up by £18,898 and Avg. asking rent £732.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 Innerleithen area. In last 1 year alone average price buyer paid is around £154,988 based on approximately 46 sales in Innerleithen area alone. If you compare it to last 3 years sales of 122 properties where buyers paid around £157,433. 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 £165,057 for 201 and average amount paid for purchase of approx. 335 properties sold in last 7 years comes to about £165,600 per sale.

 
 

Properties For Sale in Innerleithen

 
 

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 3 bedroom is around £296,667, £303,889 for a 4 bedroom house and £745,000 for a 5 bedroom house. For a flat similarly the prices varies from £48,333 for a single bedroom to £88,414 for a 2 bedroom Flat. Same is the case with 4 bedroom flat £135,000. To sum up the asking prices for properties in Innerleithen it comes to around average £48,333 for 1 bedroom property, £88,414 for 2 bedroom, £296,667 for 3 bedroom, £287,000 for 4 bedroom and £745,000 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 £802 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £351. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £438. You should be generally be expecting around average £351 rent per month for single bedroom property, £438 for 2 bedroom and approximately £802 for 5 bedroom property in Innerleithen area.

Popular Houses in Innerleithen

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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