Average Price for property in Mill Lane, Witham, CM8 is around £330,238 which varies based on type of property you are interested in and ranges from £461,965 for detached house to around £275,280 for semi-detached. Similarly terraced house is around £187,558. Values have been changing and have risen £235 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £276 in last 6 months, £21,783 in last 1 year, £35,862 in last 2 years, £46,847 in last 3 years, £39,807 in last 4 years and £43,544 in last 5 years.
Currently average asking price of a property in Mill Lane, Witham, CM8 is around £404,979 based on approximately 2 properties for sale. Same is the case with rental options based on 27 properties up for rent, average asking rent is around £1,324 per month.
Estimated property value in Mill Lane, Witham, CM8 is £330,238. Average asking price is £404,979 while average price paid is £143,000 which is up by £21,783 and Avg. asking rent £1,324.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 Mill Lane, Witham, CM8 area. In last 1 year alone average price buyer paid is around £143,000 based on approximately 2 sales in Mill Lane, Witham, CM8 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £155,333. 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 £177,000 for 4 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £210,600 per sale.