Northern Ireland

Area Guide For Northern Ireland

The United Kingdom of Great Britain and Northern Ireland (commonly known as the United Kingdom (UK) or Britain) is a sovereign state located off the north-western coast of continental Europe. The country includes the island of Great Britain, the north-eastern part of the island of Ireland and many smaller islands. Northern Ireland is the only part of the UK that shares a land border with another sovereign state the Republic of Ireland. Apart from this land border the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel and the Irish Sea. The United Kingdom is a unitary state governed under a constitutional monarchy and a parliamentary system, with its seat of government in the capital city of London. It is a country in its own right and consists of four countries: England, Northern Ireland, Scotland and Wales. The latter three of these are devolved administrations, each with varying powers, based in their capital cities Belfast, Edinburgh and Cardiff respectively. Associated with the UK, but not constitutionally part of it, are three Crown Dependencies. The United Kingdom has fourteen overseas territories.

 
 

Northern Ireland Map

Estimated Price: £175,684
Average Asking Price: £365,746
Price change in last one year: £6,916
Average Price Paid: £139,833
Average Rent Rates: £1,906

 
 

Property Prices Breakdown in Northern Ireland

Average Price for property in Northern Ireland is around £175,684 which varies based on type of property you are interested in and ranges from £255,206 for detached house to around £143,712 for semi-detached. Similarly terraced house is around £111,493 and a flat is worth £119,493. Values have been changing and have risen £1,684 in last 6 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,916 in last 1 year, £14,301 in last 2 years, £9,355 in 3 years, £11,301 in last 4 years and £25,564 in 5 years.

Currently average asking price of a property in Northern Ireland is around £365,746 based on approximately 1 properties for sale. Same is the case with rental options based on 191,033 properties up for rent, average asking rent is around £1,906 per month.

Estimated property value in Northern Ireland is £175,684. Average asking price is £365,746 while average price paid is £113,500 which is up by £6,916 and Avg. asking rent £1,906.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 Northern Ireland area. In last 1 year alone average price buyer paid is around £113,500 based on approximately 1 sales in Northern Ireland area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £113,500. 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 £139,833 for 3 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £174,086 per sale.

 
 

Properties For Sale in Northern Ireland

 
 

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 £141,370, £158,208 for a 2 bedroom house, £227,243 for a 3 bedroom house, £409,622 for a 4 bedroom house and £705,693 for a 5 bedroom house. For a flat similarly the prices varies from £230,222 for a single bedroom to £324,190 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £820,675, £1,712,274 for a 4 bedroom flat and £2,880,701 for a 5 bedroom flat. To sum up the asking prices for properties in Northern Ireland it comes to around average £215,673 for 1 bedroom property, £234,585 for 2 bedroom, £273,125 for 3 bedroom, £432,678 for 4 bedroom and £732,905 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 £722 for 1 bedroom to £841 for 2 bedrooms, £1,093 for 3 bedrooms, £1,753 for 4 bedrooms and £2,500 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,173. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,661, £3,190 for 3 bedroom, £4,766 for 4 bedroom and around £5,540 for 5 bedroom flat. You should be generally be expecting around average £1,088 rent per month for single bedroom property, £1,407 for 2 bedroom, £1,713 for 3 bedroom, £2,180 for 4 bedroom and approximately £2,807 for a 5 bedroom property in Northern Ireland area.

Popular Houses in Northern Ireland

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 Northern Ireland