Average Price for property in Essex is around £300,615 which varies based on type of property you are interested in and ranges from £451,386 for detached house to around £295,394 for semi-detached. Similarly terraced house is around £250,171 and a flat is worth £178,586. Values have been changing and have risen £1,075 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,909 in last 6 months, £24,018 in last 1 year, £38,516 in last 2 years, £41,677 in last 3 years, £42,441 in last 4 years and £40,870 in last 5 years.
Currently average asking price of a property in Essex is around £373,002 based on approximately 33,587 properties for sale. Same is the case with rental options based on 3,919 properties up for rent, average asking rent is around £1,427 per month.
Estimated property value in Essex is £300,615. Average asking price is £373,002 while average price paid is £259,650 which is up by £24,018 and Avg. asking rent £1,427.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 area. In last 1 year alone average price buyer paid is around £259,650 based on approximately 33,587 sales in Essex area alone. If you compare it to last 3 years sales of 95,657 properties where buyers paid around £247,394. 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 £243,141 for 152,513 and average amount paid for purchase of approx. 204,266 properties sold in last 7 years comes to about £238,743 per sale.