Bures

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Area Guide For Bures

Bures is a village in eastern England. Because of its location straddling the Essex/Suffolk border, it is divided into two civil parishes: Bures Hamlet in Essex and Bures St. Mary in Suffolk. The village is thus served by two county councils, three district councils (Colchester, Braintree, and Babergh), two Members of Parliament and two Education Authorities (Essex and Suffolk). Bures green is a hamlet in Bures. The parishes lie on opposite sides of the River Stour, which is the county boundary between Essex and Suffolk. The entire village, however, is generally called Bures. Bures United is the local football team.

 
 

Bures Map

Estimated Price: £373,652
Average Asking Price: £358,494
Price change in last one year: £33,889
Average Price Paid: £284,133
Average Rent Rates: £650

 
 

Property Prices Breakdown in Bures

Average Price for property in Bures is around £373,652 which varies based on type of property you are interested in and ranges from £479,007 for detached house to around £260,919 for semi-detached. Similarly terraced house is around £223,577 and a flat is worth £147,842. Values have been changing and have risen £2,737 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,782 in last 6 months, £33,889 in last 1 year, £44,167 in last 2 years, £53,230 in last 3 years, £45,321 in last 4 years and £43,272 in last 5 years.

Currently average asking price of a property in Bures is around £358,494 based on approximately 52 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £650 per month.

Estimated property value in Bures is £373,652. Average asking price is £358,494 while average price paid is £290,380 which is up by £33,889 and Avg. asking rent £650.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 Bures area. In last 1 year alone average price buyer paid is around £290,380 based on approximately 52 sales in Bures area alone. If you compare it to last 3 years sales of 103 properties where buyers paid around £287,344. 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 £284,133 for 166 and average amount paid for purchase of approx. 217 properties sold in last 7 years comes to about £274,671 per sale.

 
 

Properties For Sale in Bures

 
 

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 1 bedroom is around £169,995, £220,000 for a 2 bedroom house, £317,475 for a 3 bedroom house, £300,000 for a 4 bedroom house and £553,333 for a 5 bedroom house. For a flat the prices of 2 bedroom is £145,000. To sum up the asking prices for properties in Bures it comes to around average £169,995 for 1 bedroom property, £182,500 for 2 bedroom, £317,475 for 3 bedroom, £300,000 for 4 bedroom and £553,333 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 is £650 for 2 bedroom. You should be generally be expecting around average £650 rent per month for 2 bedroom property in Bures area.

Popular Houses in Bures

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.

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