Massingham Drive, Earls Colne, Colchester, CO6

Street Guide For Massingham Drive, Earls Colne, Colchester, CO6

 

Massingham Drive, Earls Colne, Colchester, CO6 Map

Estimated Price: £332,701
Average Asking Price: £470,776
Price change in last one year: £27,719
Average Price Paid: £260,423
Average Rent Rates: £873

 

Property Prices Breakdown in Massingham Drive, Earls Colne, Colchester, CO6

Average Price for property in Massingham Drive, Earls Colne, Colchester, CO6 is around £332,701 which varies based on type of property you are interested in and ranges from £297,223 for detached house to around £295,595 for semi-detached. Similarly terraced house is around £374,753. Values have been changing and have risen £1,623 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,617 in last 6 months, £27,719 in last 1 year, £36,466 in last 2 years, £42,601 in last 3 years, £40,518 in last 4 years and £34,423 in last 5 years.

Currently average asking price of a property in Massingham Drive, Earls Colne, Colchester, CO6 is around £470,776 based on approximately 2 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 Massingham Drive, Earls Colne, Colchester, CO6 is £332,701. Average asking price is £470,776 while average price paid is £240,250 which is up by £27,719 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 Massingham Drive, Earls Colne, Colchester, CO6 area. In last 1 year alone average price buyer paid is around £240,250 based on approximately 2 sales in Massingham Drive, Earls Colne, Colchester, CO6 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £232,833. 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 £260,423 for 13 and average amount paid for purchase of approx. 21 properties sold in last 7 years comes to about £285,592 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 Massingham Drive, Earls Colne, 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 £984 for 3 bedroom, £1,400 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, £984 for 3 bedroom, £1,400 for 4 bedroom and approximately £2,126 for 5 bedroom property in Massingham Drive, Earls Colne, Colchester, CO6 area.

Popular Houses in Massingham Drive, Earls Colne, 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 Massingham Drive, Earls Colne, Colchester, CO6