Property values in Falkirk have increased by £55.94 per week

Last week, a landlord came in to our office to discuss the rising property values in Falkirk. He owns a varied portfolio of rental properties, primarily in Falkirk, and is thinking of buying more properties so he was interested in comparing the increase in property values around the area.

Over the last 12 months the average property value in Falkirk has risen by nearly £2,909, from £124,387 to £127,296. This is a modest 2.9% increase or £55.94 per week. When you dig a bit deeper, the values for detached houses has performed the best with average increase of detached houses over the last 12 month being £11,033 or 5.12% whereas terraced houses have performed the worst as they have only seen an increase of value of £1,374 or 1.44% over this period.  The value of semi-detached houses and flats has increased by 3-4% so they are somewhere in between detached and terraced houses.

When we looked at some of the surrounding towns, what we found was very interesting as there property prices have all increased more than Falkirk.  Linlithgow has a highest average increase in property value of the surrounding towns at around £126.96 per week, followed Larbert at £101.00 per week, Bonnybridge at £82.54 per week, Bo’ness at £74.77 per week, Polmont at £69.38 per week and Grangemouth at £57.46 per week.

So overall average property values in the area have risen which suggests that the local property market is recovering although, as always, there are pockets that are doing better than others.

When considering this landlord’s buy to let portfolio, the rental values have been increasing over the last 12 months continuing the trend of the last few years.

So with rising property prices and rents, it could be a good time to invest in the property market in Falkirk.

We hope you find our posts useful.  If you would like some advice with your potential investment, please call us (on 01324 628332), come and see us in our offices (29 Upper New Market Street, Falkirk) or email either of us (robert@thekeyplace.co.uk; linda@thekeyplace.co.uk).