Values have been changing and have risen £25 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £951 in last 6 months, £10,696 in last 1 year, £20,891 in last 2 years, £23,343 in last 3 years, £17,055 in last 4 years and £21,384 in last 5 years.
Currently average asking price of a property in Essex Road, Westgate-on-Sea, CT8 is around £238,793 based on approximately 1 properties for sale. Same is the case with rental options based on 8 properties up for rent, average asking rent is around £511 per month.
Estimated property value in Essex Road, Westgate-on-Sea, CT8 is £157,215. Average asking price is £238,793 while average price paid is £168,500 which is up by £10,696 and Avg. asking rent £511.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, Westgate-on-Sea, CT8 area. In last 1 year alone average price buyer paid is around £168,500 based on approximately 1 sales in Essex Road, Westgate-on-Sea, CT8 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £139,250. 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 £125,331 for 4 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £130,220 per sale.