Loading...
Loading...
Average: £156,982 · -27.5% year-on-year
Average price
£156,982
Median price
£138,100
Year change
-27.5%
5-year change
+32.5%
LBTT (first-time buyer)
£0
Save £240 with FTB relief
ADS surcharge (buy-to-let)
£12,559
8% on the full purchase price
Avg 2-bed rent
£550/month
Annual rent
£6,600
Price-to-rent ratio
24x
The average house price in Shetland Islands is £156,982, which is 19% below the Scottish average of £194,872. The area has experienced declining prices over the past year at -27.5%, underperforming the Scottish market. Over five years, values have moved up by 32.5%. The average 2-bed rent of £550/month gives a gross rental yield of 4.2%, 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 £156,982 (median £138,100). Detached homes average £217,400, semi-detached £164,400, terraced £125,200, and flats £72,100.
Yes. Shetland Islands is 19% below the Scottish average of £194,872, making it relatively affordable. Year-on-year prices have fallen by 27.5%.
On the average Shetland Islands property (£156,982), a standard buyer pays £240 in LBTT. First-time buyers pay nothing, saving £240. Use our LBTT Calculator for an exact figure at any price.
The gross rental yield in Shetland Islands is approximately 4.2%, based on an average 2-bed rent of £550/month and average property price of £156,982. A price-to-rent ratio of 24x is considered challenging for landlords.
LBTT Calculator
Calculate your exact LBTT at any price
Mortgage Affordability
How much can you borrow?
Council Tax — Shetland Islands
All 8 bands + water charges
Buy-to-Let Calculator
Rental yield + tax at Scottish rates
Get the Scottish Money Memo
One Scottish money thing worth knowing, every Thursday. Free.
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.