Average Price for property in Lanark is around £142,660 which varies based on type of property you are interested in and ranges from £227,046 for detached house to around £112,059 for semi-detached. Similarly terraced house is around £91,281 and a flat is worth £87,868. Values have been changing and have risen £280 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,038 in last 6 months, £1,522 in last 1 year, £10,456 in last 2 years, £9,912 in last 3 years, £3,352 in last 4 years and £1,289 in last 5 years.
Currently average asking price of a property in Lanark is around £161,674 based on approximately 392 properties for sale. Same is the case with rental options based on 48 properties up for rent, average asking rent is around £535 per month.
Estimated property value in Lanark is £142,660. Average asking price is £161,674 while average price paid is £119,073 which is up by £1,522 and Avg. asking rent £535.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 Lanark area. In last 1 year alone average price buyer paid is around £119,073 based on approximately 392 sales in Lanark area alone. If you compare it to last 3 years sales of 1,195 properties where buyers paid around £123,598. 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 £125,235 for 1,920 and average amount paid for purchase of approx. 2,900 properties sold in last 7 years comes to about £131,532 per sale.