Gavin Way, Highwoods, Colchester, CO4

Street Guide For Gavin Way, Highwoods, Colchester, CO4

 

Gavin Way, Highwoods, Colchester, CO4 Map

Estimated Price: £287,696
Average Asking Price: £238,783
Price change in last one year: £21,143
Average Price Paid: £237,696
Average Rent Rates: £1,162

 

Property Prices Breakdown in Gavin Way, Highwoods, Colchester, CO4

Average Price for property in Gavin Way, Highwoods, Colchester, CO4 is around £287,696 which varies based on type of property you are interested in and ranges from £334,714 for detached house to around £253,776 for semi-detached. Similarly terraced house is around £225,903 and a flat is worth £183,416. Values have been changing and have risen £761 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,555 in last 6 months, £21,143 in last 1 year, £28,820 in last 2 years, £35,760 in last 3 years, £29,587 in last 4 years and £31,109 in last 5 years.

Currently average asking price of a property in Gavin Way, Highwoods, Colchester, CO4 is around £238,783 based on approximately 7 properties for sale. Same is the case with rental options based on 136 properties up for rent, average asking rent is around £1,162 per month.

Estimated property value in Gavin Way, Highwoods, Colchester, CO4 is £287,696. Average asking price is £238,783 while average price paid is £300,785 which is up by £21,143 and Avg. asking rent £1,162.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 Gavin Way, Highwoods, Colchester, CO4 area. In last 1 year alone average price buyer paid is around £300,785 based on approximately 7 sales in Gavin Way, Highwoods, Colchester, CO4 area alone. If you compare it to last 3 years sales of 19 properties where buyers paid around £245,368. 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 £237,696 for 33 and average amount paid for purchase of approx. 46 properties sold in last 7 years comes to about £227,805 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £120,499, £195,853 for a 2 bedroom house, £239,255 for a 3 bedroom house, £320,046 for a 4 bedroom house and £416,666 for a 5 bedroom house. For a flat similarly the prices varies from £102,052 for a single bedroom to £130,998 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £160,000. To sum up the asking prices for properties in Gavin Way, Highwoods, Colchester, CO4 it comes to around average £107,517 for 1 bedroom property, £158,237 for 2 bedroom, £238,036 for 3 bedroom, £320,046 for 4 bedroom and £416,666 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £337 for 1 bedroom to £729 for 2 bedrooms, £911 for 3 bedrooms, £1,157 for 4 bedrooms and £1,488 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £486. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £668 and £764 for 3 bedroom. You should be generally be expecting around average £449 rent per month for single bedroom property, £686 for 2 bedroom, £892 for 3 bedroom, £1,157 for 4 bedroom and approximately £1,488 for a 5 bedroom property in Gavin Way, Highwoods, Colchester, CO4 area.

Popular Houses in Gavin Way, Highwoods, Colchester, CO4

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Gavin Way, Highwoods, Colchester, CO4