Average Price for property in Coast Road, West Mersea, Colchester, CO5 is around £518,358 which varies based on type of property you are interested in and ranges from £644,372 for detached house to around £549,971 for semi-detached. Similarly terraced house is around £224,718 and a flat is worth £261,351. Values have been changing and have risen £3,216 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,579 in last 6 months, £45,820 in last 1 year, £54,765 in last 2 years, £64,076 in last 3 years, £58,914 in last 4 years and £57,382 in last 5 years.
Currently average asking price of a property in Coast Road, West Mersea, Colchester, CO5 is around £378,303 based on approximately 3 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 Coast Road, West Mersea, Colchester, CO5 is £518,358. Average asking price is £378,303 while average price paid is £570,833 which is up by £45,820 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 Coast Road, West Mersea, Colchester, CO5 area. In last 1 year alone average price buyer paid is around £570,833 based on approximately 3 sales in Coast Road, West Mersea, Colchester, CO5 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £405,590. 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 £367,184 for 19 and average amount paid for purchase of approx. 24 properties sold in last 7 years comes to about £372,041 per sale.