Values have been changing and have risen £629 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,564 in last 6 months, £10,742 in last 1 year, £14,136 in last 2 years, £16,516 in last 3 years, £15,712 in last 4 years and £13,355 in last 5 years.
Currently average asking price of a property in Lakes Meadow, Coggeshall, Colchester, CO6 is around £470,776 based on approximately 3 properties for sale. Same is the case with rental options based on 41 properties up for rent, average asking rent is around £873 per month.
Estimated property value in Lakes Meadow, Coggeshall, Colchester, CO6 is £124,242. Average asking price is £470,776 while average price paid is £107,666 which is up by £10,742 and Avg. asking rent £873.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 Lakes Meadow, Coggeshall, Colchester, CO6 area. In last 1 year alone average price buyer paid is around £107,666 based on approximately 3 sales in Lakes Meadow, Coggeshall, Colchester, CO6 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £96,500. 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 £98,800 for 10 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £98,800 per sale.