Values have been changing and have risen £1,044 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,220 in last 6 months, £11,285 in last 1 year, £22,018 in last 2 years, £23,463 in last 3 years, £22,533 in last 4 years and £21,989 in last 5 years.
Currently average asking price of a property in Faversham Road, Eastbourne, BN23 is around £255,966 based on approximately 3 properties for sale. Same is the case with rental options based on 37 properties up for rent, average asking rent is around £1,311 per month.
Estimated property value in Faversham Road, Eastbourne, BN23 is £170,646. Average asking price is £255,966 while average price paid is £186,166 which is up by £11,285 and Avg. asking rent £1,311.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 Faversham Road, Eastbourne, BN23 area. In last 1 year alone average price buyer paid is around £186,166 based on approximately 3 sales in Faversham Road, Eastbourne, BN23 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £151,535. 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 £143,078 for 10 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £136,085 per sale.