Values have been changing and have risen £538 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,510 in last 6 months, £14,919 in last 1 year, £20,335 in last 2 years, £25,232 in last 3 years, £20,879 in last 4 years and £21,953 in last 5 years.
Currently average asking price of a property in Groves Close, Colchester, CO4 is around £245,396 based on approximately 2 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 Groves Close, Colchester, CO4 is £215,338. Average asking price is £245,396 while average price paid is £120,500 which is up by £14,919 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 Groves Close, Colchester, CO4 area. In last 1 year alone average price buyer paid is around £120,500 based on approximately 2 sales in Groves Close, Colchester, CO4 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £177,000. 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 £179,799 for 5 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £188,556 per sale.