Average Price for property in Elgin is around £159,255 which varies based on type of property you are interested in and ranges from £236,081 for detached house to around £144,742 for semi-detached. Similarly terraced house is around £117,852 and a flat is worth £92,839. Values have been changing and have risen £449 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,371 in last 6 months, £1,996 in last 1 year, £4,930 in last 2 years, £6,071 in last 3 years, £4,675 in last 4 years and £226 in last 5 years.
Currently average asking price of a property in Elgin is around £186,039 based on approximately 548 properties for sale. Same is the case with rental options based on 31 properties up for rent, average asking rent is around £554 per month.
Estimated property value in Elgin is £159,255. Average asking price is £186,039 while average price paid is £150,624 which is up by £1,996 and Avg. asking rent £554.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 Elgin area. In last 1 year alone average price buyer paid is around £150,624 based on approximately 548 sales in Elgin area alone. If you compare it to last 3 years sales of 1,528 properties where buyers paid around £149,390. 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 £149,993 for 2,274 and average amount paid for purchase of approx. 3,298 properties sold in last 7 years comes to about £148,825 per sale.