Wallace Street, Dumfries, DG1

Street Guide For Wallace Street, Dumfries, DG1

 

Wallace Street, Dumfries, DG1 Map

Estimated Price: £71,299
Average Asking Price: £170,340
Price change in last one year: £3,161
Average Price Paid: £68,520
Average Rent Rates: £640

 

Property Prices Breakdown in Wallace Street, Dumfries, DG1

Values have been changing and have risen £709 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,027 in last 6 months, £3,161 in last 1 year, £5,430 in last 2 years, £1,376 in last 3 years, £4,776 in last 4 years and £2,626 in last 5 years.

Currently average asking price of a property in Wallace Street, Dumfries, DG1 is around £170,340 based on approximately 1 properties for sale. Same is the case with rental options based on 11 properties up for rent, average asking rent is around £640 per month.

Estimated property value in Wallace Street, Dumfries, DG1 is £71,299. Average asking price is £170,340 while average price paid is £51,500 which is up by £3,161 and Avg. asking rent £640.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 Wallace Street, Dumfries, DG1 area. In last 1 year alone average price buyer paid is around £51,500 based on approximately 1 sales in Wallace Street, Dumfries, DG1 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £69,428. 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 £68,520 for 12 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £71,571 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 £78,165, £115,357 for a 2 bedroom house, £150,496 for a 3 bedroom house, £244,389 for a 4 bedroom house and £324,999 for a 5 bedroom house. For a flat similarly the prices varies from £71,330 for a single bedroom to £76,997 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £117,921. To sum up the asking prices for properties in Wallace Street, Dumfries, DG1 it comes to around average £73,039 for 1 bedroom property, £99,636 for 2 bedroom, £147,990 for 3 bedroom, £244,389 for 4 bedroom and £324,999 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 £195 for 1 bedroom to £495 for 2 bedroom and £485 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £408. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £442. You should be generally be expecting around average £366 rent per month for single bedroom property, £484 for 2 bedroom and approximately £485 for 3 bedroom property in Wallace Street, Dumfries, DG1 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 Wallace Street, Dumfries, DG1