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Average: £148,000 · +6.8% year-on-year
Average price
£148,000
Median price
£135,000
Year change
+6.8%
5-year change
+32.5%
LBTT (first-time buyer)
£0
Save £60 with FTB relief
Avg 2-bed rent
£550/month
Annual rent
£6,600
Price-to-rent ratio
22x
The average house price in Shetland Islands is £148,000, which is 26% below the Scottish average of £201,129. Prices have seen strong growth over the past year at +6.8%, well ahead of the national trend. Over five years, values have moved up by 32.5%. The average 2-bed rent of £550/month gives a gross rental yield of 4.5%, which is challenging for buy-to-let landlords. With roughly 200 property sales per year, Shetland Islands is a quieter market with fewer transactions.
The average house price in Shetland Islands is £148,000 (median £135,000). Detached homes average £205,000, semi-detached £155,000, terraced £118,000, and flats £68,000.
Yes. Shetland Islands is 26% below the Scottish average of £201,129, making it relatively affordable. Year-on-year prices have risen by 6.8%.
On the average Shetland Islands property (£148,000), a standard buyer pays £60 in LBTT. First-time buyers pay nothing, saving £60. Use our LBTT Calculator for an exact figure at any price.
The gross rental yield in Shetland Islands is approximately 4.5%, based on an average 2-bed rent of £550/month and average property price of £148,000. A price-to-rent ratio of 22x is considered challenging for landlords.
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Data: Registers of Scotland quarterly house price statistics, UK House Price Index (ONS/Land Registry). Figures are approximate and based on the most recent available data. LBTT calculated at 2026/27 rates. Rental data from Citylets/Scottish Government Private Rent Statistics.