Royal Terrace, Edinburgh, EH7

Street Guide For Royal Terrace, Edinburgh, EH7

 

Royal Terrace, Edinburgh, EH7 Map

Estimated Price: £682,763
Average Asking Price: £192,519
Price change in last one year: £62,073
Average Price Paid: £531,363
Average Rent Rates: £826

 

Property Prices Breakdown in Royal Terrace, Edinburgh, EH7

Average Price for property in Royal Terrace, Edinburgh, EH7 is around £682,763 which varies based on type of property you are interested in and ranges from £1,322,215 for terraced house to around £531,239 for a flat. Values have been changing and have risen £8,736 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £24,087 in last 6 months, £62,073 in last 1 year, £82,679 in last 2 years, £94,219 in last 3 years, £97,560 in last 4 years and £84,904 in last 5 years.

Currently average asking price of a property in Royal Terrace, Edinburgh, EH7 is around £192,519 based on approximately 1 properties for sale. Same is the case with rental options based on 70 properties up for rent, average asking rent is around £826 per month.

Estimated property value in Royal Terrace, Edinburgh, EH7 is £682,763. Average asking price is £192,519 while average price paid is £540,000 which is up by £62,073 and Avg. asking rent £826.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 Royal Terrace, Edinburgh, EH7 area. In last 1 year alone average price buyer paid is around £540,000 based on approximately 1 sales in Royal Terrace, Edinburgh, EH7 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £589,402. 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 £531,363 for 13 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £549,689 per sale.

 
 

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 2 bedroom is around £152,499, £316,249 for a 3 bedroom house, £642,475 for a 4 bedroom house and £951,667 for a 5 bedroom house. For a flat similarly the prices varies from £115,757 for a single bedroom to £159,793 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £250,896, £339,500 for a 4 bedroom flat and £310,000 for a 5 bedroom flat. To sum up the asking prices for properties in Royal Terrace, Edinburgh, EH7 it comes to around average £115,757 for 1 bedroom property, £159,364 for 2 bedroom, £264,655 for 3 bedroom, £440,492 for 4 bedroom and £791,250 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 £634 for 1 bedroom to £650 for 2 bedroom and £1,460 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £665. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £820, £1,141 for 3 bedroom, £2,002 for 4 bedroom and around £2,050 for 5 bedroom flat. You should be generally be expecting around average £659 rent per month for single bedroom property, £811 for 2 bedroom, £1,141 for 3 bedroom, £1,641 for 4 bedroom and approximately £2,050 for a 5 bedroom property in Royal Terrace, Edinburgh, EH7 area.

Popular Houses in Royal Terrace, Edinburgh, EH7

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.

Areas in and around Royal Terrace, Edinburgh, EH7