Area Guide For Belfast

Belfast is the capital of, and largest city in, Northern Ireland. By population, it is the fourteenth largest city in the United Kingdom and second largest on the island of Ireland. It is the seat of the devolved government and legislative Northern Ireland Assembly. The city of Belfast has a population of 267,500 and lies at the heart of the Belfast urban area, which has a population of 579,276. The Larger Urban Zone, as defined by the European Union, has a total population 641,638. Belfast was granted city status in 1888. Historically, Belfast has been a centre for the Irish linen industry (earning the nickname "Linenopolis"), tobacco production, rope-making and shipbuilding: the city's main shipbuilders, Harland and Wolff, which built the well-known RMS Titanic, propelled Belfast on to the global stage in the early 20th century as the biggest and most productive shipyard in the world. Belfast played a key role in the Industrial Revolution, establishing its place as a global industrial centre until the latter half of the 20th century. Industrialisation and the inward migration it brought made Belfast, if briefly, the biggest


Belfast Map

Estimated Price: £176,238
Average Asking Price: £130,551
Price change in last one year: £9,899
Average Price Paid: £266,000
Average Rent Rates: £528


Property Prices Breakdown in Belfast

Average Price for property in Belfast is around £176,238 which varies based on type of property you are interested in and ranges from £319,567 for detached house to around £172,326 for semi-detached. Similarly terraced house is around £119,158 and a flat is worth £121,175. Values have been changing and have risen £268 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,587 in last 6 months, £9,899 in last 1 year, £17,972 in last 2 years, £17,115 in last 3 years, £7,384 in last 4 years and £291 in last 5 years.

Currently average asking price of a property in Belfast is around £130,551 based on approximately 0 properties for sale. Same is the case with rental options based on 137 properties up for rent, average asking rent is around £528 per month.

Estimated property value in Belfast is £176,238. Average asking price is £130,551 while average price paid is £266,000 which is up by £291 and Avg. asking rent £528.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 Belfast area. In last 5 years alone average price buyer paid is around £266,000 based on approximately 1 sales in Belfast area alone. If you compare it to last 7 years sales of 3 properties where buyers paid around £197,006.


Properties For Sale in Belfast


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 2 bedroom is around £73,285, £113,242 for a 3 bedroom house, £201,374 for a 4 bedroom house and £235,829 for a 5 bedroom house. For a flat similarly the prices varies from £75,855 for a single bedroom to £104,573 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £162,450. To sum up the asking prices for properties in Belfast it comes to around average £75,855 for 1 bedroom property, £84,927 for 2 bedroom, £115,172 for 3 bedroom, £201,374 for 4 bedroom and £235,829 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 £445 for 2 bedroom to £502 for 3 bedroom, £662 for 4 bedroom and £923 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £400. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £573 and £677 for 3 bedroom. You should be generally be expecting around average £400 rent per month for single bedroom property, £518 for 2 bedroom, £558 for 3 bedroom, £662 for 4 bedroom and approximately £923 for a 5 bedroom property in Belfast area.

Popular Houses in Belfast

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.

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