Average Price for property in Fernlea, Colchester, CO4 is around £320,027 which varies based on type of property you are interested in and ranges from £366,083 for detached house to around £257,656 for semi-detached. Similarly terraced house is around £249,187. Values have been changing and have risen £804 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,753 in last 6 months, £22,320 in last 1 year, £30,424 in last 2 years, £37,750 in last 3 years, £31,232 in last 4 years and £32,838 in last 5 years.
Currently average asking price of a property in Fernlea, Colchester, CO4 is around £245,396 based on approximately 1 properties for sale. Same is the case with rental options based on 131 properties up for rent, average asking rent is around £1,158 per month.
Estimated property value in Fernlea, Colchester, CO4 is £320,027. Average asking price is £245,396 while average price paid is £240,000 which is up by £22,320 and Avg. asking rent £1,158.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 Fernlea, Colchester, CO4 area. In last 1 year alone average price buyer paid is around £240,000 based on approximately 1 sales in Fernlea, Colchester, CO4 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £234,833. 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 £272,230 for 13 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £260,176 per sale.