Area Guide For Midlothian

In Midlothian you can appreciate the space and solitude that Scotland is famous for. The high tops of the Pentland Hills give a glimpse of the Highlands in miniature. Here you will understand why this land has provided inspiration for some of Scotland's most famous writers including Robert Louis Stevenson and Sir Walter Scott. Only a stone's throw away from Edinburgh and with easy access into the city, Midlothian offers all the conveniences of modern life set in beautiful countryside surroundings. Midlothian begins south of Edinburgh and reaches down to the Borders region. In it you will find a mix of outstanding ancient heritage sites where you can discover much of Scotland's history. In its traditional villages and bustling market towns you will find outstanding attractions, retail outlets, quality restaurants serving excellent Scottish cuisine and amazing visitor attractions for all ages.


Midlothian Map

Estimated Price: £194,596
Average Asking Price: £237,886
Price change in last one year: £17,761
Average Price Paid: £175,656
Average Rent Rates: £821


Property Prices Breakdown in Midlothian

Average Price for property in Midlothian is around £194,596 which varies based on type of property you are interested in and ranges from £350,562 for detached house to around £199,341 for semi-detached. Similarly terraced house is around £151,263 and a flat is worth £127,462. Values have been changing and have risen £2,600 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,689 in last 6 months, £17,761 in last 1 year, £23,246 in last 2 years, £25,490 in last 3 years, £25,423 in last 4 years and £21,963 in last 5 years.

Currently average asking price of a property in Midlothian is around £237,886 based on approximately 1,352 properties for sale. Same is the case with rental options based on 47 properties up for rent, average asking rent is around £821 per month.

Estimated property value in Midlothian is £194,596. Average asking price is £237,886 while average price paid is £174,944 which is up by £17,761 and Avg. asking rent £821.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 Midlothian area. In last 1 year alone average price buyer paid is around £174,944 based on approximately 1,352 sales in Midlothian area alone. If you compare it to last 3 years sales of 3,620 properties where buyers paid around £177,904. 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 £175,656 for 5,122 and average amount paid for purchase of approx. 7,415 properties sold in last 7 years comes to about £173,600 per sale.


Properties For Sale in Midlothian


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 £79,000, £144,536 for a 2 bedroom house, £170,814 for a 3 bedroom house, £302,776 for a 4 bedroom house and £376,754 for a 5 bedroom house. For a flat similarly the prices varies from £100,110 for a single bedroom to £122,345 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £119,599. To sum up the asking prices for properties in Midlothian it comes to around average £97,999 for 1 bedroom property, £135,025 for 2 bedroom, £166,115 for 3 bedroom, £302,776 for 4 bedroom and £376,754 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 £221 for 1 bedroom to £583 for 2 bedrooms, £789 for 3 bedrooms, £999 for 4 bedrooms and £1,499 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £493. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £606, £724 for 3 bedroom and £1,056 for 4 bedroom. You should be generally be expecting around average £425 rent per month for single bedroom property, £599 for 2 bedroom, £764 for 3 bedroom, £1,037 for 4 bedroom and approximately £1,500 for a 5 bedroom property in Midlothian area.

Popular Houses in Midlothian

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.

Areas in and around Midlothian