Average Price for property in Stromness is around £135,776 which varies based on type of property you are interested in and ranges from £167,714 for detached house to around £109,373 for semi-detached. Similarly terraced house is around £118,462 and a flat is worth £83,983. Values have been changing and have risen £475 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £392 in last 6 months, £5,315 in last 1 year, £12,368 in last 2 years, £14,539 in last 3 years, £5,946 in last 4 years and £7,823 in last 5 years.
Currently average asking price of a property in Stromness is around £143,433 based on approximately 53 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £598 per month.
Estimated property value in Stromness is £135,776. Average asking price is £143,433 while average price paid is £98,841 which is up by £5,315 and Avg. asking rent £598.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 Stromness area. In last 1 year alone average price buyer paid is around £98,841 based on approximately 53 sales in Stromness area alone. If you compare it to last 3 years sales of 123 properties where buyers paid around £115,936. 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 £119,170 for 199 and average amount paid for purchase of approx. 287 properties sold in last 7 years comes to about £120,422 per sale.