Somerville Square, Burntisland, KY3

Street Guide For Somerville Square, Burntisland, KY3

 

Somerville Square, Burntisland, KY3 Map

Estimated Price: £85,356
Average Asking Price: £197,455
Price change in last one year: £3,260
Average Price Paid: £63,500
Average Rent Rates: £441

 

Property Prices Breakdown in Somerville Square, Burntisland, KY3

Average Price for property in Somerville Square, Burntisland, KY3 is around £85,356 which varies based on type of property you are interested in and ranges from £100,972 for terraced house to around £95,533 for a flat. Values have been changing and have risen £1,050 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,972 in last 6 months, £3,260 in last 1 year, £8,771 in last 2 years, £11,701 in last 3 years, £11,810 in last 4 years and £11,339 in last 5 years.

Currently average asking price of a property in Somerville Square, Burntisland, KY3 is around £197,455 based on approximately 0 properties for sale. Same is the case with rental options based on 6 properties up for rent, average asking rent is around £441 per month.

Estimated property value in Somerville Square, Burntisland, KY3 is £85,356. Average asking price is £197,455 while average price paid is £62,000 which is up by £11,701 and Avg. asking rent £441.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 Somerville Square, Burntisland, KY3 area. In last 3 years alone average price buyer paid is around £62,000 based on approximately 1 sales in Somerville Square, Burntisland, KY3 area alone. If you compare it to last 5 years sales of 2 properties where buyers paid around £63,500. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £70,333 for 3 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 1 bedroom is around £74,250, £134,286 for a 2 bedroom house, £151,731 for a 3 bedroom house, £435,800 for a 4 bedroom house and £337,331 for a 5 bedroom house. For a flat similarly the prices varies from £64,340 for a single bedroom to £84,832 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £125,698 and £134,950 for a 4 bedroom flat. To sum up the asking prices for properties in Somerville Square, Burntisland, KY3 it comes to around average £65,991 for 1 bedroom property, £100,567 for 2 bedroom, £138,715 for 3 bedroom, £385,658 for 4 bedroom and £337,331 for a 5 bedroom property.

But if you are interested in renting a 1 bedroom flat then rent per month can be around £400. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £524. You should be generally be expecting around average £400 rent per month for single bedroom property and approximately £524 for 3 bedroom property in Somerville Square, Burntisland, KY3 area.

Popular Houses in Somerville Square, Burntisland, KY3

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 Somerville Square, Burntisland, KY3