Average Price for property in Lucerne Road, Elmstead, Colchester, CO7 is around £221,594 which varies based on type of property you are interested in and ranges from £238,833 for detached house to around £215,345 for semi-detached. Similarly terraced house is around £182,353 and a flat is worth £240,210. Values have been changing and have risen £1,419 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,793 in last 6 months, £14,879 in last 1 year, £22,232 in last 2 years, £25,249 in last 3 years, £23,152 in last 4 years and £21,532 in last 5 years.
Currently average asking price of a property in Lucerne Road, Elmstead, Colchester, CO7 is around £362,891 based on approximately 2 properties for sale. Same is the case with rental options based on 40 properties up for rent, average asking rent is around £1,393 per month.
Estimated property value in Lucerne Road, Elmstead, Colchester, CO7 is £221,594. Average asking price is £362,891 while average price paid is £174,250 which is up by £14,879 and Avg. asking rent £1,393.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 Lucerne Road, Elmstead, Colchester, CO7 area. In last 1 year alone average price buyer paid is around £174,250 based on approximately 2 sales in Lucerne Road, Elmstead, Colchester, CO7 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £180,499. 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 £179,177 for 14 and average amount paid for purchase of approx. 20 properties sold in last 7 years comes to about £178,649 per sale.