Fochabers

Area Guide For Fochabers

Fochabers is a town in the Parish of Bellie, in Moray, Scotland, 10 miles east of the basilica city of Elgin and placed on the east bank of the River Spey. 1,728 individuals live in the town, which appreciates a rich musical and social history. The town is likewise home to Baxters,the family-run maker of foodstuffs.

The town owes its presence to Alexander Gordon, fourth Duke of Gordon (1743–1827). whilst the late eighteenth century, whilst the Scottish Enlightenment, it was trendy for landowners to establish new towns and towns, and these can be discovered all over Scotland in light of the fact that not at all like their antecedents they all have straight, wide avenues in chiefly rectangular formats, a focal square, and the houses fabricated with their fundamental elevations parallel to the road.

 
 

Fochabers Map

Estimated Price: £178,748
Average Asking Price: £188,045
Price change in last one year: £8,059
Average Price Paid: £148,030
Average Rent Rates: £456

 
 

Property Prices Breakdown in Fochabers

Average Price for property in Fochabers is around £178,748 which varies based on type of property you are interested in and ranges from £231,559 for detached house to around £176,162 for semi-detached. Similarly terraced house is around £139,702 and a flat is worth £82,112. Values have been changing and have risen £2,770 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,155 in last 6 months, £8,059 in last 1 year, £16,496 in last 2 years, £15,242 in last 3 years, £17,937 in last 4 years and £16,149 in last 5 years.

Currently average asking price of a property in Fochabers is around £188,045 based on approximately 73 properties for sale. Same is the case with rental options based on 10 properties up for rent, average asking rent is around £456 per month.

Estimated property value in Fochabers is £178,748. Average asking price is £188,045 while average price paid is £152,597 which is up by £8,059 and Avg. asking rent £456.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 Fochabers area. In last 1 year alone average price buyer paid is around £152,597 based on approximately 73 sales in Fochabers area alone. If you compare it to last 3 years sales of 168 properties where buyers paid around £146,427. 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 £148,030 for 261 and average amount paid for purchase of approx. 381 properties sold in last 7 years comes to about £147,863 per sale.

 
 

Properties For Sale in Fochabers

 
 

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 £122,500, £123,900 for a 2 bedroom house, £180,333 for a 3 bedroom house, £234,350 for a 4 bedroom house and £222,980 for a 5 bedroom house. To sum up the asking prices for properties in Fochabers it comes to around average £122,500 for 1 bedroom property, £123,900 for 2 bedroom, £180,333 for 3 bedroom, £234,350 for 4 bedroom and £222,980 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 is £602 for 3 bedroom. You should be generally be expecting around average £602 rent per month for 3 bedroom property in Fochabers area.

Popular Houses in Fochabers

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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