Average Price for property in Colchester is around £265,942 which varies based on type of property you are interested in and ranges from £385,389 for detached house to around £234,786 for semi-detached. Similarly terraced house is around £196,991 and a flat is worth £149,802. Values have been changing and have risen £1,661 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,882 in last 6 months, £20,795 in last 1 year, £28,788 in last 2 years, £34,172 in last 3 years, £32,473 in last 4 years and £31,093 in last 5 years.
Currently average asking price of a property in Colchester is around £312,289 based on approximately 3,754 properties for sale. Same is the case with rental options based on 476 properties up for rent, average asking rent is around £1,040 per month.
Estimated property value in Colchester is £265,942. Average asking price is £312,289 while average price paid is £226,892 which is up by £20,795 and Avg. asking rent £1,040.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 Colchester area. In last 1 year alone average price buyer paid is around £226,892 based on approximately 3,754 sales in Colchester area alone. If you compare it to last 3 years sales of 10,947 properties where buyers paid around £220,584. 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 £217,208 for 17,218 and average amount paid for purchase of approx. 23,103 properties sold in last 7 years comes to about £213,634 per sale.