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.