Values have been changing and have risen £639 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,035 in last 6 months, £6,995 in last 1 year, £10,690 in last 2 years, £12,242 in last 3 years, £11,424 in last 4 years and £10,584 in last 5 years.
Currently average asking price of a property in Essex Road, Lowestoft, NR32 is around £190,644 based on approximately 1 properties for sale. Same is the case with rental options based on 92 properties up for rent, average asking rent is around £843 per month.
Estimated property value in Essex Road, Lowestoft, NR32 is £93,855. Average asking price is £190,644 while average price paid is £78,000 which is up by £6,995 and Avg. asking rent £843.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 Essex Road, Lowestoft, NR32 area. In last 1 year alone average price buyer paid is around £78,000 based on approximately 1 sales in Essex Road, Lowestoft, NR32 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £78,666. 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 £71,999 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £79,186 per sale.