Average Price for property in Orkney is around £136,755 which varies based on type of property you are interested in and ranges from £170,652 for detached house to around £114,203 for semi-detached. Similarly terraced house is around £110,105 and a flat is worth £92,868. Values have been changing and have risen £469 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £388 in last 6 months, £5,248 in last 1 year, £12,216 in last 2 years, £14,359 in last 3 years, £5,873 in last 4 years and £7,729 in last 5 years.
Currently average asking price of a property in Orkney is around £194,843 based on approximately 274 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £598 per month.
Estimated property value in Orkney is £136,755. Average asking price is £194,843 while average price paid is £116,081 which is up by £5,248 and Avg. asking rent £598.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 Orkney area. In last 1 year alone average price buyer paid is around £116,081 based on approximately 274 sales in Orkney area alone. If you compare it to last 3 years sales of 770 properties where buyers paid around £120,167. 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 £117,552 for 1,231 and average amount paid for purchase of approx. 1,750 properties sold in last 7 years comes to about £116,186 per sale.