Union Street, Edinburgh, EH1

Street Guide For Union Street, Edinburgh, EH1

 

Union Street, Edinburgh, EH1 Map

Estimated Price: £398,253
Average Asking Price: £427,998
Price change in last one year: £35,634
Average Price Paid: £338,775
Average Rent Rates: £1,208

 

Property Prices Breakdown in Union Street, Edinburgh, EH1

Average Price for property in Union Street, Edinburgh, EH1 is around £398,253 which varies based on type of property you are interested in and ranges from £454,269 for terraced house to around £402,267 for a flat. Values have been changing and have risen £4,003 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,986 in last 6 months, £35,634 in last 1 year, £47,603 in last 2 years, £49,521 in last 3 years, £50,134 in last 4 years and £44,341 in last 5 years.

Currently average asking price of a property in Union Street, Edinburgh, EH1 is around £427,998 based on approximately 5 properties for sale. Same is the case with rental options based on 30 properties up for rent, average asking rent is around £1,208 per month.

Estimated property value in Union Street, Edinburgh, EH1 is £398,253. Average asking price is £427,998 while average price paid is £354,670 which is up by £35,634 and Avg. asking rent £1,208.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 Union Street, Edinburgh, EH1 area. In last 1 year alone average price buyer paid is around £354,670 based on approximately 5 sales in Union Street, Edinburgh, EH1 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £361,885. 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 £338,775 for 14 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £345,856 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 5 bedroom is around £828,333. For a flat similarly the prices varies from £295,000 for a 2 bedroom to £304,667 for a 3 bedroom Flat. Same is the case with 4 bedroom flat £417,250. To sum up the asking prices for properties in Union Street, Edinburgh, EH1 it comes to around average £295,000 for 2 bedroom property, £304,667 for 3 bedroom, £417,250 for 4 bedroom and £828,333 for 5 bedroom.

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 £1,499 for 3 bedroom to £2,500 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,215. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,196, £1,869 for 3 bedroom, £1,798 for 4 bedroom and around £2,201 for 5 bedroom flat. You should be generally be expecting around average £1,215 rent per month for single bedroom property, £1,196 for 2 bedroom, £1,795 for 3 bedroom, £2,149 for 4 bedroom and approximately £2,202 for a 5 bedroom property in Union Street, Edinburgh, EH1 area.

Popular Houses in Union Street, Edinburgh, EH1

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 Union Street, Edinburgh, EH1