Values have been changing and have risen £990 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,081 in last 6 months, £12,922 in last 1 year, £19,267 in last 2 years, £25,037 in last 3 years, £22,156 in last 4 years and £22,647 in last 5 years.
Currently average asking price of a property in Binnacle Road, Rochester, ME1 is around £338,829 based on approximately 3 properties for sale. Same is the case with rental options based on 47 properties up for rent, average asking rent is around £1,283 per month.
Estimated property value in Binnacle Road, Rochester, ME1 is £163,045. Average asking price is £338,829 while average price paid is £134,833 which is up by £12,922 and Avg. asking rent £1,283.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 Binnacle Road, Rochester, ME1 area. In last 1 year alone average price buyer paid is around £134,833 based on approximately 3 sales in Binnacle Road, Rochester, ME1 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £133,250. 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 £127,437 for 12 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £124,116 per sale.