Average Price for property in Reform Lane, Lerwick, Shetland, ZE1 is around £147,410 which varies based on type of property you are interested in and ranges from £218,915 for detached house to around £130,598 for semi-detached. Similarly terraced house is around £185,629. Values have been changing and have risen £270 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £668 in last 6 months, £10,794 in last 1 year, £18,011 in last 2 years, £16,726 in last 3 years, £20,438 in last 4 years and £17,376 in last 5 years.
Currently average asking price of a property in Reform Lane, Lerwick, Shetland, ZE1 is around £212,500 based on approximately 1 properties for sale.
Estimated property value in Reform Lane, Lerwick, Shetland, ZE1 is £147,410. Average asking price is £212,500 while average price paid is £124,800 which is up by £10,794.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 Reform Lane, Lerwick, Shetland, ZE1 area. In last 1 year alone average price buyer paid is around £124,800 based on approximately 1 sales in Reform Lane, Lerwick, Shetland, ZE1 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £102,843. 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 £101,832 for 4 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £111,978 per sale.