Average Price for property in Scottish Borders is around £193,595 which varies based on type of property you are interested in and ranges from £317,872 for detached house to around £167,736 for semi-detached. Similarly terraced house is around £142,535 and a flat is worth £106,025. Values have been changing and have risen £770 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,133 in last 6 months, £6,706 in last 1 year, £17,536 in last 2 years, £17,071 in last 3 years, £23,352 in last 4 years and £18,182 in last 5 years.
Currently average asking price of a property in Scottish Borders is around £216,508 based on approximately 1,327 properties for sale. Same is the case with rental options based on 145 properties up for rent, average asking rent is around £629 per month.
Estimated property value in Scottish Borders is £193,595. Average asking price is £216,508 while average price paid is £164,639 which is up by £6,706 and Avg. asking rent £629.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 Scottish Borders area. In last 1 year alone average price buyer paid is around £164,639 based on approximately 1,327 sales in Scottish Borders area alone. If you compare it to last 3 years sales of 3,751 properties where buyers paid around £163,140. 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 £166,860 for 5,918 and average amount paid for purchase of approx. 8,889 properties sold in last 7 years comes to about £166,589 per sale.