Inverurie

Area Guide For Inverurie

Inverurie/ɪn.vərˈʊəri/ (Scottish Gaelic: Inbhir Uraidh or Inbhir Uaraidh,  "mouth of the Stream Urie) is a Regal Burgh and town in Aberdeenshire, Scotland, around 16 miles (26 km) north west of Aberdeen on the A96 street and is served by Inverurie railway station on the Aberdeen to Inverness Line. The closest air terminal is Aberdeen Airplane terminal at Dyce. Inverurie is said to have been established by David of Huntingdon, Earl of the Garioch, sibling of Malcolm IV, awesome incredible granddad of Robert the Bruce who crushed John Comyn, third Earl of Buchan adjacent at the Clash of Barra in May, 1308. Inverurie is a flourishing market town, now with a month to month Rancher's Market, with numerous little shops, organizations and administrations. Its principle commercial enterprises other than administration and trade are horticulture, oil and, until Worldwide Paper shut the factory in Walk 2009, paper produce. Coombes, a little sweet shop, was well known just like the most established family possessed business in Scotland until the passing of Colin Coombes in 1957 whereupon the business closed.

 
 

Inverurie Map

Estimated Price: £281,958
Average Asking Price: £389,700
Price change in last one year: £22,984
Average Price Paid: £234,840
Average Rent Rates: £1,352

 
 

Property Prices Breakdown in Inverurie

Average Price for property in Inverurie is around £281,958 which varies based on type of property you are interested in and ranges from £368,626 for detached house to around £225,741 for semi-detached. Similarly terraced house is around £199,810 and a flat is worth £156,839. Values have been changing and have risen £2,035 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,277 in last 6 months, £22,984 in last 1 year, £37,956 in last 2 years, £33,430 in last 3 years, £31,909 in last 4 years and £40,501 in last 5 years.

Currently average asking price of a property in Inverurie is around £389,700 based on approximately 646 properties for sale. Same is the case with rental options based on 12 properties up for rent, average asking rent is around £1,352 per month.

Estimated property value in Inverurie is £281,958. Average asking price is £389,700 while average price paid is £253,100 which is up by £22,984 and Avg. asking rent £1,352.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 Inverurie area. In last 1 year alone average price buyer paid is around £253,100 based on approximately 646 sales in Inverurie area alone. If you compare it to last 3 years sales of 1,910 properties where buyers paid around £240,566. 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 £234,840 for 3,061 and average amount paid for purchase of approx. 4,237 properties sold in last 7 years comes to about £231,006 per sale.

 
 

Properties For Sale in Inverurie

 
 

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 £230,000, £439,698 for a 3 bedroom house, £375,989 for a 4 bedroom house and £479,000 for a 5 bedroom house. To sum up the asking prices for properties in Inverurie it comes to around average £230,000 for 2 bedroom property, £439,698 for 3 bedroom, £375,989 for 4 bedroom and £479,000 for 5 bedroom.

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 £802 for 1 bedroom to £1,200 for 3 bedroom, £1,925 for 4 bedroom and £1,651 for 5 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £975. You should be generally be expecting around average £802 rent per month for single bedroom property, £975 for 2 bedroom, £1,200 for 3 bedroom, £1,925 for 4 bedroom and approximately £1,651 for a 5 bedroom property in Inverurie area.

Popular Houses in Inverurie

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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