selected branch: Galashiels
Galashiels’ property market is strong, and offers a range of different houses to suit various budgets and preferences. There is no shortage of character-filled period properties on the market, as well as more contemporary style properties. House prices are very reasonable in Galashiels, particularly when compared with nearby cities.
According to recent estimates from Zoopla, the average sold property price in Galashiels over the past 12 months is £157,507 (as at October 2023). On average, property prices have risen 4% on the previous year.
Average prices for specific property types are as follows:
| Detached: £283,041 | Terraced: £142,362 |
| Semi Detached: £182,328 | Flat/Apartment: £86,398 |
As with most towns in the UK, certain areas within Galashiels are more sought after than others which raises the average property price. Below is a list of some of the most popular areas to live in Galashiels and their average sold property price over the past 12 months.
| Gala Park | £137,000 |
| Gattonside | £290,833 |
| Melrose | £293,140 |
| Newstead | £405,333 |
| Torwoodlee | £130,566 |
| Tweedbank | £205,887 |
The future of the property market in Galashiels looks relatively strong. The town has seen a large amount of development over recent years, with more set to come.
Galashiels, like many semi-rural towns, has become more desirable as peoples working patterns are changing in the post-covid world. More people are moving out of cities in search of a better quality of life, and Galashiels is definitely a town that offers that. This bodes well for the property market – as there is more demand for houses in the area, prices are likely to rise. Buying a property in Galashiels now could be a very great investment, before prices increase further.
With housing prices steadily increasing, getting on the property ladder can seem like an overwhelming task. That being said, with the right help and guidance, it doesn’t have to be a painstaking process.
Whether you need advice on the best places to live in Galashiels, or you’re a first-time buyer looking for general mortgage advice, we’re here to help.
Offering award-winning services and 100% free mortgage advice, there’s a reason we’re the UK’s top-rated mortgage broker on Trustpilot.
If you need advice for first-time buying in Galashiels – or if you’re looking for a reliable mortgage broker in the Borders – don’t hesitate to contact us today.
We’re experts on all things mortgage-related (and our services are always 100% free).
October 13, 2016
October 13, 2016
