Average Price for property in Melrose Road, West Mersea, Colchester, CO5 is around £307,733 which varies based on type of property you are interested in and ranges from £312,256 for detached house to around £208,226 for terraced house. Values have been changing and have risen £2,017 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,261 in last 6 months, £28,734 in last 1 year, £34,347 in last 2 years, £40,188 in last 3 years, £36,953 in last 4 years and £35,995 in last 5 years.
Currently average asking price of a property in Melrose Road, West Mersea, Colchester, CO5 is around £378,303 based on approximately 4 properties for sale. Same is the case with rental options based on 14 properties up for rent, average asking rent is around £1,006 per month.
Estimated property value in Melrose Road, West Mersea, Colchester, CO5 is £307,733. Average asking price is £378,303 while average price paid is £274,249 which is up by £28,734 and Avg. asking rent £1,006.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 Melrose Road, West Mersea, Colchester, CO5 area. In last 1 year alone average price buyer paid is around £274,249 based on approximately 4 sales in Melrose Road, West Mersea, Colchester, CO5 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £277,444. 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 £264,928 for 14 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £275,066 per sale.