Values have been changing and have risen £241 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £326 in last 6 months, £14,067 in last 1 year, £16,095 in last 2 years, £20,856 in last 3 years, £18,886 in last 4 years and £18,227 in last 5 years.
Currently average asking price of a property in Essex Hall Road, Colchester, CO1 is around £194,374 based on approximately 1 properties for sale. Same is the case with rental options based on 112 properties up for rent, average asking rent is around £979 per month.
Estimated property value in Essex Hall Road, Colchester, CO1 is £189,439. Average asking price is £194,374 while average price paid is £162,500 which is up by £14,067 and Avg. asking rent £979.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Essex Hall Road, Colchester, CO1 area. In last 1 year alone average price buyer paid is around £162,500 based on approximately 1 sales in Essex Hall Road, Colchester, CO1 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £156,250. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £152,833 for 3 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £147,166 per sale.