Springhill View, Douglas, Lanark, ML11

Street Guide For Springhill View, Douglas, Lanark, ML11

 

Springhill View, Douglas, Lanark, ML11 Map

Estimated Price: £91,284
Average Asking Price: £162,148
Price change in last one year: £2,843
Average Price Paid: £78,400
Average Rent Rates: £540

 

Property Prices Breakdown in Springhill View, Douglas, Lanark, ML11

Average Price for property in Springhill View, Douglas, Lanark, ML11 is around £91,284 e.g. average price for semi-detached is around 83,908. Values have been changing and have risen £1,023 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,437 in last 6 months, £2,843 in last 1 year, £8,841 in last 2 years, £7,018 in last 3 years, £3,420 in last 4 years and £5,561 in last 5 years.

Currently average asking price of a property in Springhill View, Douglas, Lanark, ML11 is around £162,148 based on approximately 1 properties for sale. Same is the case with rental options based on 46 properties up for rent, average asking rent is around £540 per month.

Estimated property value in Springhill View, Douglas, Lanark, ML11 is £91,284. Average asking price is £162,148 while average price paid is £80,000 which is up by £2,843 and Avg. asking rent £540.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 Springhill View, Douglas, Lanark, ML11 area. In last 1 year alone average price buyer paid is around £80,000 based on approximately 1 sales in Springhill View, Douglas, Lanark, ML11 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £69,000. 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 £78,400 for 5 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £83,666 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 £150,491, £81,510 for a 2 bedroom house, £141,897 for a 3 bedroom house, £224,403 for a 4 bedroom house and £323,086 for a 5 bedroom house. For a flat similarly the prices varies from £63,047 for a single bedroom to £80,895 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £91,060. To sum up the asking prices for properties in Springhill View, Douglas, Lanark, ML11 it comes to around average £83,226 for 1 bedroom property, £81,255 for 2 bedroom, £137,910 for 3 bedroom, £224,403 for 4 bedroom and £323,086 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 £497 for 2 bedroom to £587 for 3 bedroom, £831 for 4 bedroom and £1,151 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £357. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £395, £481 for 3 bedroom and £477 for 4 bedroom. You should be generally be expecting around average £357 rent per month for single bedroom property, £433 for 2 bedroom, £561 for 3 bedroom, £780 for 4 bedroom and approximately £1,150 for a 5 bedroom property in Springhill View, Douglas, Lanark, ML11 area.

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 Springhill View, Douglas, Lanark, ML11