Mountbatten Drive, Colchester, CO2

Street Guide For Mountbatten Drive, Colchester, CO2

 

Mountbatten Drive, Colchester, CO2 Map

Estimated Price: £247,968
Average Asking Price: £211,152
Price change in last one year: £18,303
Average Price Paid: £224,357
Average Rent Rates: £921

 

Property Prices Breakdown in Mountbatten Drive, Colchester, CO2

Average Price for property in Mountbatten Drive, Colchester, CO2 is around £247,968 which varies based on type of property you are interested in and ranges from £267,003 for detached house to around £207,643 for semi-detached. Similarly flat is around £125,971. Values have been changing and have risen £145 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,377 in last 6 months, £18,303 in last 1 year, £25,159 in last 2 years, £30,838 in last 3 years, £29,527 in last 4 years and £26,965 in last 5 years.

Currently average asking price of a property in Mountbatten Drive, Colchester, CO2 is around £211,152 based on approximately 3 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 Mountbatten Drive, Colchester, CO2 is £247,968. Average asking price is £211,152 while average price paid is £253,333 which is up by £18,303 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 Mountbatten Drive, Colchester, CO2 area. In last 1 year alone average price buyer paid is around £253,333 based on approximately 3 sales in Mountbatten Drive, Colchester, CO2 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £231,363. 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 £224,357 for 14 and average amount paid for purchase of approx. 18 properties sold in last 7 years comes to about £220,888 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 £112,500, £197,448 for a 2 bedroom house, £253,661 for a 3 bedroom house, £315,946 for a 4 bedroom house and £300,000 for a 5 bedroom house. For a flat similarly the prices varies from £107,749 for a single bedroom to £142,774 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £227,498 and £205,000 for a 4 bedroom flat. To sum up the asking prices for properties in Mountbatten Drive, Colchester, CO2 it comes to around average £108,224 for 1 bedroom property, £155,639 for 2 bedroom, £252,472 for 3 bedroom, £305,379 for 4 bedroom and £300,000 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 £399 for 1 bedroom to £785 for 2 bedrooms, £943 for 3 bedrooms, £960 for 4 bedrooms and £1,499 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £605. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £745. You should be generally be expecting around average £594 rent per month for single bedroom property, £756 for 2 bedroom, £943 for 3 bedroom, £960 for 4 bedroom and approximately £1,499 for a 5 bedroom property in Mountbatten Drive, Colchester, CO2 area.

Popular Houses in Mountbatten Drive, Colchester, CO2

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 Mountbatten Drive, Colchester, CO2