Military Road, Colchester, CO1

Street Guide For Military Road, Colchester, CO1

 

Military Road, Colchester, CO1 Map

Estimated Price: £164,600
Average Asking Price: £194,374
Price change in last one year: £12,866
Average Price Paid: £118,038
Average Rent Rates: £979

 

Property Prices Breakdown in Military Road, Colchester, CO1

Average Price for property in Military Road, Colchester, CO1 is around £164,600 which varies based on type of property you are interested in and ranges from £343,653 for detached house to around £172,136 for semi-detached. Similarly terraced house is around £153,454 and a flat is worth £93,833. Values have been changing and have risen £220 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £298 in last 6 months, £12,866 in last 1 year, £14,720 in last 2 years, £19,074 in last 3 years, £17,274 in last 4 years and £16,672 in last 5 years.

Currently average asking price of a property in Military Road, Colchester, CO1 is around £194,374 based on approximately 4 properties for sale. Same is the case with rental options based on 112 properties up for rent, average asking rent is around £979 per month.

Estimated property value in Military Road, Colchester, CO1 is £164,600. Average asking price is £194,374 while average price paid is £104,875 which is up by £12,866 and Avg. asking rent £979.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 Military Road, Colchester, CO1 area. In last 1 year alone average price buyer paid is around £104,875 based on approximately 4 sales in Military Road, Colchester, CO1 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £114,950. 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 £118,038 for 13 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £112,102 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 £109,950, £158,468 for a 2 bedroom house, £229,699 for a 3 bedroom house, £281,821 for a 4 bedroom house and £445,000 for a 5 bedroom house. For a flat similarly the prices varies from £102,773 for a single bedroom to £133,660 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £150,475. To sum up the asking prices for properties in Military Road, Colchester, CO1 it comes to around average £103,115 for 1 bedroom property, £142,416 for 2 bedroom, £224,747 for 3 bedroom, £281,821 for 4 bedroom and £445,000 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 £462 for 1 bedroom to £698 for 2 bedroom, £807 for 3 bedroom and £1,120 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £545. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £664 and £1,030 for 3 bedroom. You should be generally be expecting around average £528 rent per month for single bedroom property, £679 for 2 bedroom, £855 for 3 bedroom and approximately £1,120 for 4 bedroom property in Military Road, Colchester, CO1 area.

Popular Houses in Military Road, Colchester, CO1

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 Military Road, Colchester, CO1