Prestonpans

Area Guide For Prestonpans

Prestonpans is a residential area to the east of Edinburgh, Scotland, in the unitary chamber region of East Lothian. It had a populace of 7,153, however numerous more have moved to the territory since numerous new houses have been fabricated. (East Lothian Chamber Evaluation, 2001). It is the site of the 1745 Clash of Prestonpans, and has a history going over to the eleventh century. The town brags some noteworthy cases of authentic building design, for example, the Preston Tower and the doocot and the neighborhood Mercat Cross, which is the stand out of its kind in Scotland which stays in its unique structure and location.[citation needed] The town is likewise credited for attaining to the title of "Scotland's Wall painting Town" with numerous divider paintings mirroring the town's vivid past. One of the first post-Transformation houses of worship was implicit Prestonpans, in 1596, for and to the detriment of the new clergyman, Reverend John Davidson. The congregation was incredibly rebuilt in 1774. Ten years after the first building of the new church, Prestonpans turned into a Ward in its own particular right, having beforehand shaped piece of the Area of Tranent.

 
 

Prestonpans Map

Estimated Price: £166,338
Average Asking Price: £151,135
Price change in last one year: £15,195
Average Price Paid: £155,807
Average Rent Rates: £624

 
 

Property Prices Breakdown in Prestonpans

Average Price for property in Prestonpans is around £166,338 which varies based on type of property you are interested in and ranges from £344,829 for detached house to around £197,658 for semi-detached. Similarly terraced house is around £173,795 and a flat is worth £128,182. Values have been changing and have risen £2,224 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,722 in last 6 months, £15,195 in last 1 year, £19,888 in last 2 years, £21,808 in last 3 years, £21,751 in last 4 years and £18,793 in last 5 years.

Currently average asking price of a property in Prestonpans is around £151,135 based on approximately 201 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £624 per month.

Estimated property value in Prestonpans is £166,338. Average asking price is £151,135 while average price paid is £164,681 which is up by £15,195 and Avg. asking rent £624.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 Prestonpans area. In last 1 year alone average price buyer paid is around £164,681 based on approximately 201 sales in Prestonpans area alone. If you compare it to last 3 years sales of 633 properties where buyers paid around £159,111. 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 £155,807 for 1,040 and average amount paid for purchase of approx. 1,542 properties sold in last 7 years comes to about £154,882 per sale.

 
 

Properties For Sale in Prestonpans

 
 

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 1 bedroom is around £105,000, £121,749 for a 2 bedroom house, £155,499 for a 3 bedroom house, £236,454 for a 4 bedroom house and £298,796 for a 5 bedroom house. For a flat similarly the prices varies from £89,332 for a single bedroom to £112,941 for a 2 bedroom Flat. To sum up the asking prices for properties in Prestonpans it comes to around average £90,898 for 1 bedroom property, £116,586 for 2 bedroom, £155,499 for 3 bedroom, £236,454 for 4 bedroom and £298,796 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 £897 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £575. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £498. You should be generally be expecting around average £575 rent per month for 2 bedroom property, £498 for 3 bedroom and approximately £897 for 4 bedroom property in Prestonpans area.

Popular Houses in Prestonpans

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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