Values have been changing and have risen £671 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,501 in last 6 months, £13,986 in last 1 year, £18,258 in last 2 years, £24,740 in last 3 years, £23,198 in last 4 years and £23,343 in last 5 years.
Currently average asking price of a property in Hay Lane, Braintree, CM7 is around £306,189 based on approximately 3 properties for sale. Same is the case with rental options based on 62 properties up for rent, average asking rent is around £855 per month.
Estimated property value in Hay Lane, Braintree, CM7 is £175,551. Average asking price is £306,189 while average price paid is £164,333 which is up by £13,986 and Avg. asking rent £855.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 Hay Lane, Braintree, CM7 area. In last 1 year alone average price buyer paid is around £164,333 based on approximately 3 sales in Hay Lane, Braintree, CM7 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £160,250. 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 £159,166 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £155,312 per sale.