Burntisland

Area Guide For Burntisland

Burntisland, Scots: Bruntisland) is a town and previous imperial burgh in Fife, Scotland, on the Firth of Forward. As per the 2011 evaluation, the town has a populace of 6,269. It is known by regional standards for its sandy Blue Banner shoreline and blissful rave swims, the fifteenth century Rossend Palace, and its customary summer reasonable and High country recreations day. To the north of the town a slope called The Binn is a point of interest of the Fife coastline; a volcanic attachment, it climbs 193 m (632 ft) above ocean level. The most punctual recorded record of the town was in the twelfth century, when the ministers of Dunfermline Convent claimed the harbor and neighboring lands. The settlement was referred to as Wester Kinghorn and grew as an angling village to give nourishment to the inhabinants of Rossend Castle. The harbor was then sold to James V by the abbots of Dunfermline Nunnery in return for a package of land. The area was granted illustrious burgh status by James V in 1541. When the status was affirmed in 1586, the settlement picked up autonomy from the barony of Kinghorn and was renamed Burntisland, potentially a moniker from the blazing of fishermens' cottages on an islet now joined into the docks.

 
 

Burntisland Map

Estimated Price: £180,138
Average Asking Price: £197,455
Price change in last one year: £7,951
Average Price Paid: £151,212
Average Rent Rates: £441

 
 

Property Prices Breakdown in Burntisland

Average Price for property in Burntisland is around £180,138 which varies based on type of property you are interested in and ranges from £299,914 for detached house to around £192,337 for semi-detached. Similarly terraced house is around £148,950 and a flat is worth £123,023. Values have been changing and have risen £1,916 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,820 in last 6 months, £7,951 in last 1 year, £20,271 in last 2 years, £25,790 in last 3 years, £25,344 in last 4 years and £22,997 in last 5 years.

Currently average asking price of a property in Burntisland is around £197,455 based on approximately 155 properties for sale. Same is the case with rental options based on 6 properties up for rent, average asking rent is around £441 per month.

Estimated property value in Burntisland is £180,138. Average asking price is £197,455 while average price paid is £154,047 which is up by £7,951 and Avg. asking rent £441.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 Burntisland area. In last 1 year alone average price buyer paid is around £154,047 based on approximately 155 sales in Burntisland area alone. If you compare it to last 3 years sales of 475 properties where buyers paid around £148,236. 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 £151,212 for 738 and average amount paid for purchase of approx. 1,119 properties sold in last 7 years comes to about £153,513 per sale.

 
 

Properties For Sale in Burntisland

 
 

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 £74,250, £134,286 for a 2 bedroom house, £151,731 for a 3 bedroom house, £435,800 for a 4 bedroom house and £337,331 for a 5 bedroom house. For a flat similarly the prices varies from £64,340 for a single bedroom to £85,232 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £125,698 and £134,950 for a 4 bedroom flat. To sum up the asking prices for properties in Burntisland it comes to around average £65,991 for 1 bedroom property, £100,840 for 2 bedroom, £138,715 for 3 bedroom, £385,658 for 4 bedroom and £337,331 for a 5 bedroom property.

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 3 bedroom flat it will be around £524. You should be generally be expecting around average £400 rent per month for single bedroom property and approximately £524 for 3 bedroom property in Burntisland area.

Popular Houses in Burntisland

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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