Values have been changing and have risen £915 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,294 in last 6 months, £18,213 in last 1 year, £26,735 in last 2 years, £30,578 in last 3 years, £35,223 in last 4 years and £36,744 in last 5 years.
Currently average asking price of a property in Back Lane, Ely, CB7 is around £346,853 based on approximately 1 properties for sale. Same is the case with rental options based on 54 properties up for rent, average asking rent is around £876 per month.
Estimated property value in Back Lane, Ely, CB7 is £234,697. Average asking price is £346,853 while average price paid is £209,950 which is up by £18,213 and Avg. asking rent £876.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 Back Lane, Ely, CB7 area. In last 1 year alone average price buyer paid is around £209,950 based on approximately 1 sales in Back Lane, Ely, CB7 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £209,950. 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 £209,950 for 1 and average amount paid for purchase of approx. 2 properties sold in last 7 years comes to about £178,475 per sale.