Values have been changing and have risen £1,069 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,777 in last 6 months, £15,575 in last 1 year, £23,437 in last 2 years, £28,921 in last 3 years, £26,494 in last 4 years and £26,107 in last 5 years.
Currently average asking price of a property in Mckenzie Road, Chatham, ME5 is around £256,784 based on approximately 2 properties for sale. Same is the case with rental options based on 32 properties up for rent, average asking rent is around £861 per month.
Estimated property value in Mckenzie Road, Chatham, ME5 is £189,508. Average asking price is £256,784 while average price paid is £169,254 which is up by £15,575 and Avg. asking rent £861.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 Mckenzie Road, Chatham, ME5 area. In last 1 year alone average price buyer paid is around £169,254 based on approximately 2 sales in Mckenzie Road, Chatham, ME5 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £151,550. 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 £151,682 for 11 and average amount paid for purchase of approx. 18 properties sold in last 7 years comes to about £164,625 per sale.