Average Price for property in Merivale Way, Ely, CB7 is around £248,194 which varies based on type of property you are interested in and ranges from £236,530 for detached house to around £274,708 for semi-detached. Similarly terraced house is around £249,432 and a flat is worth £200,835. Values have been changing and have risen £937 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,350 in last 6 months, £18,653 in last 1 year, £27,379 in last 2 years, £31,315 in last 3 years, £36,072 in last 4 years and £37,628 in last 5 years.
Currently average asking price of a property in Merivale Way, Ely, CB7 is around £346,853 based on approximately 8 properties for sale. Same is the case with rental options based on 54 properties up for rent, average asking rent is around £876 per month.
Estimated property value in Merivale Way, Ely, CB7 is £248,194. Average asking price is £346,853 while average price paid is £199,793 which is up by £18,653 and Avg. asking rent £876.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 Merivale Way, Ely, CB7 area. In last 1 year alone average price buyer paid is around £199,793 based on approximately 8 sales in Merivale Way, Ely, CB7 area alone. If you compare it to last 3 years sales of 19 properties where buyers paid around £194,281. 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 £190,663 for 53 and average amount paid for purchase of approx. 81 properties sold in last 7 years comes to about £190,339 per sale.