Average Price for property in Ernest Road, Wivenhoe, Colchester, CO7 is around £281,966 which varies based on type of property you are interested in and ranges from £297,674 for detached house to around £237,078 for semi-detached. Similarly terraced house is around £259,543. Values have been changing and have risen £1,886 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,375 in last 6 months, £19,790 in last 1 year, £29,569 in last 2 years, £33,580 in last 3 years, £30,790 in last 4 years and £28,634 in last 5 years.
Currently average asking price of a property in Ernest Road, Wivenhoe, Colchester, CO7 is around £360,807 based on approximately 2 properties for sale. Same is the case with rental options based on 45 properties up for rent, average asking rent is around £1,329 per month.
Estimated property value in Ernest Road, Wivenhoe, Colchester, CO7 is £281,966. Average asking price is £360,807 while average price paid is £307,000 which is up by £19,790 and Avg. asking rent £1,329.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 Ernest Road, Wivenhoe, Colchester, CO7 area. In last 1 year alone average price buyer paid is around £307,000 based on approximately 2 sales in Ernest Road, Wivenhoe, Colchester, CO7 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £265,181. 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 £256,849 for 20 and average amount paid for purchase of approx. 26 properties sold in last 7 years comes to about £253,461 per sale.