Bower Grove, West Mersea, Colchester, CO5

Street Guide For Bower Grove, West Mersea, Colchester, CO5

 

Bower Grove, West Mersea, Colchester, CO5 Map

Estimated Price: £368,642
Average Asking Price: £378,303
Price change in last one year: £33,276
Average Price Paid: £302,498
Average Rent Rates: £1,006

 

Property Prices Breakdown in Bower Grove, West Mersea, Colchester, CO5

Average Price for property in Bower Grove, West Mersea, Colchester, CO5 is around £368,642 e.g. average price for detached house is around 368,642. Values have been changing and have risen £2,336 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,410 in last 6 months, £33,276 in last 1 year, £39,773 in last 2 years, £46,534 in last 3 years, £42,787 in last 4 years and £41,674 in last 5 years.

Currently average asking price of a property in Bower Grove, West Mersea, Colchester, CO5 is around £378,303 based on approximately 1 properties for sale. Same is the case with rental options based on 14 properties up for rent, average asking rent is around £1,006 per month.

Estimated property value in Bower Grove, West Mersea, Colchester, CO5 is £368,642. Average asking price is £378,303 while average price paid is £370,000 which is up by £33,276 and Avg. asking rent £1,006.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 Bower Grove, West Mersea, Colchester, CO5 area. In last 1 year alone average price buyer paid is around £370,000 based on approximately 1 sales in Bower Grove, West Mersea, Colchester, CO5 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £370,000. 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 £302,498 for 4 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £302,498 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £189,999, £277,108 for a 3 bedroom house, £443,420 for a 4 bedroom house and £665,833 for a 5 bedroom house. For a flat similarly the prices varies from £134,998 for a single bedroom to £191,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £345,000. To sum up the asking prices for properties in Bower Grove, West Mersea, Colchester, CO5 it comes to around average £134,998 for 1 bedroom property, £190,184 for 2 bedroom, £278,584 for 3 bedroom, £443,420 for 4 bedroom and £665,833 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £807 for 2 bedroom to £843 for 3 bedroom and £2,349 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £598. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £737. You should be generally be expecting around average £598 rent per month for single bedroom property, £779 for 2 bedroom, £843 for 3 bedroom and approximately £2,349 for 5 bedroom property in Bower Grove, West Mersea, Colchester, CO5 area.

Popular Houses in Bower Grove, West Mersea, Colchester, CO5

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Bower Grove, West Mersea, Colchester, CO5