How much are homes in Leven selling for?

Whether you're already a homeowner, looking to move home or a first time buyer, it's good practice to monitor house prices in your local area.

Today we're taking a look at the sold house prices in Leven, Fife over the last 12 months.

House prices in Leven

Taking a look at Zoopla's data,  for the last 12 months the average sold price for a property in Leven was £157,628. This varies depending on the type of property.

Detached properties are selling for the highest price, which should come as no surprise, coming in at an average of £274,395.

Semi-detached properties are selling, on average, for £100,000 less than detached properties, with the 12 month average coming to £161,223.

Finally, terraced houses are being sold for an average price of £113,662 over the last year. If you're looking to invest in a property, a terraced home is likely to be a cheaper option.

You can explore your mortgage options with a free mortgage appointment with our expert partner Maze Mortgages & Protection. Simply book a free appointment to get started.

Apartments offer a cheaper option for first time buyers

Flats and apartments are being sold for much less than full sized properties, with the average sold price for the last year being £83,367.

This makes flats a great option for first time buyers who are looking to get onto the property ladder without breaking the bank.

There are a number of first time buyers available in Scotland right now to make the financial hurdle of buying your first home easier:

• The Morgage Guarantee Scheme sees participating lenders offering 95% mortgages until 30th June 2025. This reduces the deposit needed to secure a home much lower, at 5% of the property's value.
  
  The scheme is available through a number of the UK's leading lenders, including the Bank of Scotland.
• The New Supply Shared Equity (NSSE) is available for first time buyers who are interested in buying a new build property.
  
  Under the scheme, the buyers only need to pay for 60-80% of the property, with the Scottish Government holding the remaining share under a shared equity agreement.
• There is currently Land and Building Transaction Tax (LBTT) relief for first time buyers in Scotland.
  
  When you buy a property in Scotland you'll have to pay LBTT on properties costing more than £145,000. For first time buyers, this is applicable for properties worth up to £175,000.
  
  If the property is worth more than £175,000 you can still receive a significant discount on LBTT as a first time buyer.

If you'd like to explore your mortgage options but don't know where to start, book a free mortgage appointment with Maze Mortgages & Protection. They have over 25 years of industry experience and will be able to give you expert advice and guidance throughout your mortgage journey.

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