Nairn

Area Guide For Nairn

Nairn is a town and previous burgh in the Highland chamber territory of Scotland. It is an old angling port and business town around 16 miles east of Inverness. It was the province town of the more extensive region of Nairn otherwise called Nairnshire.

The town is presently best known as a shoreline resort, with two fairways, grant winning shorelines, a group focus/mid-scale expressions venue (Nairn Community & Arts Center), a little theater (called The Little Theater) and one little historical center, giving data on the neighborhood fusing the gathering of the previous Fishertown gallery.

 
 

Nairn Map

Estimated Price: £194,239
Average Asking Price: £267,935
Price change in last one year: £8,580
Average Price Paid: £176,048
Average Rent Rates: £659

 
 

Property Prices Breakdown in Nairn

Average Price for property in Nairn is around £194,239 which varies based on type of property you are interested in and ranges from £262,845 for detached house to around £167,704 for semi-detached. Similarly terraced house is around £140,844 and a flat is worth £140,493. Values have been changing and have risen £2,950 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,683 in last 6 months, £8,580 in last 1 year, £17,564 in last 2 years, £16,227 in last 3 years, £19,095 in last 4 years and £17,193 in last 5 years.

Currently average asking price of a property in Nairn is around £267,935 based on approximately 207 properties for sale. Same is the case with rental options based on 4 properties up for rent, average asking rent is around £659 per month.

Estimated property value in Nairn is £194,239. Average asking price is £267,935 while average price paid is £181,079 which is up by £8,580 and Avg. asking rent £659.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 Nairn area. In last 1 year alone average price buyer paid is around £181,079 based on approximately 207 sales in Nairn area alone. If you compare it to last 3 years sales of 574 properties where buyers paid around £177,028. 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 £176,048 for 876 and average amount paid for purchase of approx. 1,241 properties sold in last 7 years comes to about £173,691 per sale.

 
 

Properties For Sale in Nairn

 
 

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 £78,000, £131,498 for a 2 bedroom house, £220,599 for a 3 bedroom house, £320,783 for a 4 bedroom house and £376,500 for a 5 bedroom house. For a flat similarly the prices varies from £135,000 for a single bedroom to £96,500 for a 2 bedroom Flat. To sum up the asking prices for properties in Nairn it comes to around average £97,000 for 1 bedroom property, £117,499 for 2 bedroom, £220,599 for 3 bedroom, £320,783 for 4 bedroom and £376,500 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 £459 for 2 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £676. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £750. You should be generally be expecting around average £568 rent per month for 2 bedroom property and approximately £750 for 3 bedroom property in Nairn area.

Popular Houses in Nairn

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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