Values have been changing and have risen £447 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £25 in last 6 months, £9,122 in last 1 year, £12,227 in last 2 years, £15,439 in last 3 years, £17,766 in last 4 years and £16,116 in last 5 years.
Currently average asking price of a property in Drake Close, Stowmarket, IP14 is around £361,897 based on approximately 5 properties for sale. Same is the case with rental options based on 28 properties up for rent, average asking rent is around £833 per month.
Estimated property value in Drake Close, Stowmarket, IP14 is £123,889. Average asking price is £361,897 while average price paid is £89,590 which is up by £9,122 and Avg. asking rent £833.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 Drake Close, Stowmarket, IP14 area. In last 1 year alone average price buyer paid is around £89,590 based on approximately 5 sales in Drake Close, Stowmarket, IP14 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £96,993. 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 £92,595 for 10 and average amount paid for purchase of approx. 11 properties sold in last 7 years comes to about £91,450 per sale.