Lower Langley, Great Tey, Colchester, CO6

Street Guide For Lower Langley, Great Tey, Colchester, CO6

 

Lower Langley, Great Tey, Colchester, CO6 Map

Estimated Price: £207,605
Average Asking Price: £470,776
Price change in last one year: £17,856
Average Price Paid: £201,000
Average Rent Rates: £873

 

Property Prices Breakdown in Lower Langley, Great Tey, Colchester, CO6

Average Price for property in Lower Langley, Great Tey, Colchester, CO6 is around £207,605 e.g. average price for terraced house is around 207,605. Values have been changing and have risen £1,046 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,263 in last 6 months, £17,856 in last 1 year, £23,491 in last 2 years, £27,443 in last 3 years, £26,102 in last 4 years and £22,177 in last 5 years.

Currently average asking price of a property in Lower Langley, Great Tey, Colchester, CO6 is around £470,776 based on approximately 1 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 Lower Langley, Great Tey, Colchester, CO6 is £207,605. Average asking price is £470,776 while average price paid is £201,000 which is up by £17,856 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 Lower Langley, Great Tey, Colchester, CO6 area. In last 1 year alone average price buyer paid is around £201,000 based on approximately 1 sales in Lower Langley, Great Tey, Colchester, CO6 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £201,000. 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 £201,000 for 1 and average amount paid for purchase of approx. 1 properties sold in last 7 years comes to about £201,000 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 £109,983, £237,688 for a 2 bedroom house, £353,342 for a 3 bedroom house, £482,263 for a 4 bedroom house and £624,250 for a 5 bedroom house. For a flat similarly the prices varies from £111,908 for a single bedroom to £144,781 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £295,000. To sum up the asking prices for properties in Lower Langley, Great Tey, Colchester, CO6 it comes to around average £111,266 for 1 bedroom property, £205,170 for 2 bedroom, £352,074 for 3 bedroom, £482,263 for 4 bedroom and £624,250 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 £826 for 2 bedroom to £945 for 3 bedroom, £1,305 for 4 bedroom and £2,127 for 5 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £608. You should be generally be expecting around average £695 rent per month for 2 bedroom property, £945 for 3 bedroom, £1,306 for 4 bedroom and approximately £2,126 for 5 bedroom property in Lower Langley, Great Tey, Colchester, CO6 area.

Popular Houses in Lower Langley, Great Tey, Colchester, CO6

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 Lower Langley, Great Tey, Colchester, CO6