Average Price for property in Mersea Road, Colchester, CO2 is around £219,012 which varies based on type of property you are interested in and ranges from £272,305 for detached house to around £220,375 for semi-detached. Similarly terraced house is around £184,990 and a flat is worth £120,929. Values have been changing and have risen £120 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,133 in last 6 months, £15,045 in last 1 year, £20,681 in last 2 years, £25,348 in last 3 years, £24,272 in last 4 years and £22,169 in last 5 years.
Currently average asking price of a property in Mersea Road, Colchester, CO2 is around £211,152 based on approximately 5 properties for sale. Same is the case with rental options based on 91 properties up for rent, average asking rent is around £921 per month.
Estimated property value in Mersea Road, Colchester, CO2 is £219,012. Average asking price is £211,152 while average price paid is £168,199 which is up by £15,045 and Avg. asking rent £921.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 Mersea Road, Colchester, CO2 area. In last 1 year alone average price buyer paid is around £168,199 based on approximately 5 sales in Mersea Road, Colchester, CO2 area alone. If you compare it to last 3 years sales of 26 properties where buyers paid around £169,864. 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 £162,474 for 41 and average amount paid for purchase of approx. 57 properties sold in last 7 years comes to about £160,862 per sale.