Average Price for property in Banchory is around £347,734 which varies based on type of property you are interested in and ranges from £464,977 for detached house to around £262,775 for semi-detached. Similarly terraced house is around £239,143 and a flat is worth £164,188. Values have been changing and have risen £3,328 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,046 in last 6 months, £26,863 in last 1 year, £51,171 in last 2 years, £47,039 in last 3 years, £58,641 in last 4 years and £56,083 in last 5 years.
Currently average asking price of a property in Banchory is around £506,874 based on approximately 266 properties for sale. Same is the case with rental options based on 7 properties up for rent, average asking rent is around £1,504 per month.
Estimated property value in Banchory is £347,734. Average asking price is £506,874 while average price paid is £315,118 which is up by £26,863 and Avg. asking rent £1,504.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 Banchory area. In last 1 year alone average price buyer paid is around £315,118 based on approximately 266 sales in Banchory area alone. If you compare it to last 3 years sales of 775 properties where buyers paid around £294,962. 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 £291,330 for 1,169 and average amount paid for purchase of approx. 1,595 properties sold in last 7 years comes to about £288,830 per sale.