Values have been changing and have risen £862 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,043 in last 6 months, £12,544 in last 1 year, £18,875 in last 2 years, £23,292 in last 3 years, £21,339 in last 4 years and £21,027 in last 5 years.
Currently average asking price of a property in Gorse Avenue, Chatham, ME5 is around £256,784 based on approximately 3 properties for sale. Same is the case with rental options based on 32 properties up for rent, average asking rent is around £861 per month.
Estimated property value in Gorse Avenue, Chatham, ME5 is £141,607. Average asking price is £256,784 while average price paid is £129,998 which is up by £12,544 and Avg. asking rent £861.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 Gorse Avenue, Chatham, ME5 area. In last 1 year alone average price buyer paid is around £129,998 based on approximately 3 sales in Gorse Avenue, Chatham, ME5 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £123,999. 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 £123,999 for 7 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £123,999 per sale.