Average Price for property in Galashiels is around £159,103 which varies based on type of property you are interested in and ranges from £301,738 for detached house to around £166,559 for semi-detached. Similarly terraced house is around £126,772 and a flat is worth £108,180. Values have been changing and have risen £385 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £217 in last 6 months, £4,692 in last 1 year, £13,922 in last 2 years, £13,459 in last 3 years, £17,717 in last 4 years and £13,598 in last 5 years.
Currently average asking price of a property in Galashiels is around £170,105 based on approximately 231 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £1,190 per month.
Estimated property value in Galashiels is £159,103. Average asking price is £170,105 while average price paid is £133,432 which is up by £4,692 and Avg. asking rent £1,190.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 Galashiels area. In last 1 year alone average price buyer paid is around £133,432 based on approximately 231 sales in Galashiels area alone. If you compare it to last 3 years sales of 636 properties where buyers paid around £130,302. 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 £128,908 for 953 and average amount paid for purchase of approx. 1,475 properties sold in last 7 years comes to about £139,828 per sale.