Aberdeen

Area Guide For Aberdeen

Aberdeen is Scotland's third most crowded city, one of Scotland's 32 nearby government gathering zones and the United Kingdom's 29th most crowded city, with an authority populace appraisal of 220,420. Monikers incorporate the Rock City, the Dim City and the Silver City with the Brilliant Sands. Amid the mid-eighteenth to mid-twentieth hundreds of years, Aberdeen's structures joined generally quarried dim rock, which can shimmer like silver because of their high mica substance. The city has a long, sandy coastline. Since the revelation of North Ocean oil in the 1970s, different handles have been the Oil Capital of Europe or the Vitality Capital of Europe. The zone around Aberdeen has been settled subsequent to no less than 8,000 years prior, when ancient towns lay around the mouths of the waterways Dee and Wear. Aberdeen got Imperial Burgh status from Lord David I, changing the city financially.

 
 

Aberdeen Map

Estimated Price: £253,730
Average Asking Price: £315,259
Price change in last one year: £22,167
Average Price Paid: £206,351
Average Rent Rates: £1,226

 
 

Property Prices Breakdown in Aberdeen

Average Price for property in Aberdeen is around £253,730 which varies based on type of property you are interested in and ranges from £444,904 for detached house to around £296,599 for semi-detached. Similarly terraced house is around £251,987 and a flat is worth £183,064. Values have been changing and have risen £1,779 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,745 in last 6 months, £22,167 in last 1 year, £41,391 in last 2 years, £35,856 in last 3 years, £44,236 in last 4 years and £42,502 in last 5 years.

Currently average asking price of a property in Aberdeen is around £315,259 based on approximately 4,386 properties for sale. Same is the case with rental options based on 262 properties up for rent, average asking rent is around £1,226 per month.

Estimated property value in Aberdeen is £253,730. Average asking price is £315,259 while average price paid is £227,976 which is up by £22,167 and Avg. asking rent £1,226.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 Aberdeen area. In last 1 year alone average price buyer paid is around £227,976 based on approximately 4,386 sales in Aberdeen area alone. If you compare it to last 3 years sales of 13,803 properties where buyers paid around £211,873. 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 £206,351 for 21,621 and average amount paid for purchase of approx. 30,319 properties sold in last 7 years comes to about £200,132 per sale.

 
 

Properties For Sale in Aberdeen

 
 

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 £330,492, £453,576 for a 4 bedroom house and £656,369 for a 5 bedroom house. For a flat similarly the prices varies from £142,563 for a single bedroom to £246,181 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £140,000. To sum up the asking prices for properties in Aberdeen it comes to around average £142,563 for 1 bedroom property, £246,181 for 2 bedroom, £313,174 for 3 bedroom, £453,576 for 4 bedroom and £656,369 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 £859 for 1 bedroom to £1,031 for 2 bedrooms, £1,456 for 3 bedrooms, £2,055 for 4 bedrooms and £2,722 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £740. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,095, £1,446 for 3 bedroom, £1,970 for 4 bedroom and around £4,658 for 5 bedroom flat. You should be generally be expecting around average £755 rent per month for single bedroom property, £1,085 for 2 bedroom, £1,453 for 3 bedroom, £2,041 for 4 bedroom and approximately £2,883 for a 5 bedroom property in Aberdeen area.

Popular Houses in Aberdeen

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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