Values have been changing and have risen £581 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,487 in last 6 months, £13,810 in last 1 year, £22,266 in last 2 years, £26,816 in last 3 years, £25,156 in last 4 years and £22,936 in last 5 years.
Currently average asking price of a property in Cedar Road, Strood, Rochester, ME2 is around £294,869 based on approximately 8 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £1,638 per month.
Estimated property value in Cedar Road, Strood, Rochester, ME2 is £164,587. Average asking price is £294,869 while average price paid is £157,250 which is up by £13,810 and Avg. asking rent £1,638.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 Cedar Road, Strood, Rochester, ME2 area. In last 1 year alone average price buyer paid is around £157,250 based on approximately 8 sales in Cedar Road, Strood, Rochester, ME2 area alone. If you compare it to last 3 years sales of 21 properties where buyers paid around £140,547. 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 £139,078 for 32 and average amount paid for purchase of approx. 41 properties sold in last 7 years comes to about £142,182 per sale.