Average Price for property in Cromer Road, Southend-on-Sea, SS1 is around £163,729 which varies based on type of property you are interested in and ranges from £335,397 for detached house to around £228,000 for semi-detached. Similarly terraced house is around £168,405 and a flat is worth £108,244. Values have been changing and have risen £2,329 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,921 in last 6 months, £15,734 in last 1 year, £23,183 in last 2 years, £23,050 in last 3 years, £23,223 in last 4 years and £26,916 in last 5 years.
Currently average asking price of a property in Cromer Road, Southend-on-Sea, SS1 is around £420,298 based on approximately 2 properties for sale. Same is the case with rental options based on 78 properties up for rent, average asking rent is around £1,462 per month.
Estimated property value in Cromer Road, Southend-on-Sea, SS1 is £163,729. Average asking price is £420,298 while average price paid is £292,500 which is up by £15,734 and Avg. asking rent £1,462.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 Cromer Road, Southend-on-Sea, SS1 area. In last 1 year alone average price buyer paid is around £292,500 based on approximately 2 sales in Cromer Road, Southend-on-Sea, SS1 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £168,500. 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 £162,500 for 11 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £144,156 per sale.