Our analysis of the 44 active listings in IV31 reveals clear pricing patterns based on bedroom count, providing sellers with valuable benchmarks when positioning their property in the market. Two-bedroom properties dominate the market with 22 listings, representing half of all available stock and averaging £149,090, making them the most sought-after segment among first-time buyers and small families, particularly those linked to RAF Lossiemouth where service personnel often seek affordable family accommodation. This segment includes both flats and terraced properties, offering options across various budgets.
Three-bedroom properties account for 9 listings at an average of £225,554, appealing to growing families seeking more space while remaining within a reasonable commuting distance to Elgin for work and amenities. Four-bedroom homes represent 7 listings averaging £378,214 and target the premium end of the market, typically featuring larger plots, modern fittings, or desirable locations near the coast. The market also includes 4 one-bedroom properties averaging £102,500, which serve the buy-to-let investor segment or first-time buyer market, and these properties tend to sell quickly given their affordability relative to the Scottish average.
The property type breakdown shows that flats, with 14 listings averaging £185,000, represent a significant portion of the market, particularly attractive to investors given the RAF connection creating consistent rental demand. Detached properties, though only 6 in number, command the highest average price at £361,249 and appeal to buyers seeking space and privacy. The 18 properties classified as "other" and the 4 terraced properties at £137,500 offer options across various price points, ensuring the market caters to buyers across the affordability spectrum from first-time purchasers to those seeking luxury coastal living.