Colewood Drive, Rochester, ME2

Street Guide For Colewood Drive, Rochester, ME2

 

Colewood Drive, Rochester, ME2 Map

Estimated Price: £421,489
Average Asking Price: £296,645
Price change in last one year: £33,551
Average Price Paid: £341,666
Average Rent Rates: £1,644

 

Property Prices Breakdown in Colewood Drive, Rochester, ME2

Average Price for property in Colewood Drive, Rochester, ME2 is around £421,489 e.g. average price for detached house is around 421,489. Values have been changing and have risen £1,407 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,038 in last 6 months, £33,551 in last 1 year, £54,096 in last 2 years, £65,145 in last 3 years, £61,104 in last 4 years and £55,697 in last 5 years.

Currently average asking price of a property in Colewood Drive, Rochester, ME2 is around £296,645 based on approximately 1 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £1,644 per month.

Estimated property value in Colewood Drive, Rochester, ME2 is £421,489. Average asking price is £296,645 while average price paid is £380,000 which is up by £33,551 and Avg. asking rent £1,644.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 Colewood Drive, Rochester, ME2 area. In last 1 year alone average price buyer paid is around £380,000 based on approximately 1 sales in Colewood Drive, Rochester, ME2 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £345,000. 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 £341,666 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £326,250 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 1 bedroom is around £48,333, £167,737 for a 2 bedroom house, £235,745 for a 3 bedroom house, £376,747 for a 4 bedroom house and £599,994 for a 5 bedroom house. For a flat similarly the prices varies from £104,432 for a single bedroom to £125,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £130,000. To sum up the asking prices for properties in Colewood Drive, Rochester, ME2 it comes to around average £92,411 for 1 bedroom property, £160,614 for 2 bedroom, £233,671 for 3 bedroom, £376,747 for 4 bedroom and £599,994 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 £813 for 2 bedroom to £963 for 3 bedroom and £1,450 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £596. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £681 and £849 for 3 bedroom. You should be generally be expecting around average £596 rent per month for single bedroom property, £725 for 2 bedroom, £940 for 3 bedroom and approximately £1,450 for 4 bedroom property in Colewood Drive, Rochester, ME2 area.

Popular Houses in Colewood Drive, Rochester, ME2

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 Colewood Drive, Rochester, ME2