Average Price for property in New Lane, Feering, Colchester, CO5 is around £306,845 e.g. average price for detached house is around 306,845. Values have been changing and have risen £1,894 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,817 in last 6 months, £26,971 in last 1 year, £32,239 in last 2 years, £37,722 in last 3 years, £34,687 in last 4 years and £33,787 in last 5 years.
Currently average asking price of a property in New Lane, Feering, Colchester, CO5 is around £359,697 based on approximately 1 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £972 per month.
Estimated property value in New Lane, Feering, Colchester, CO5 is £306,845. Average asking price is £359,697 while average price paid is £305,000 which is up by £26,971 and Avg. asking rent £972.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 New Lane, Feering, Colchester, CO5 area. In last 1 year alone average price buyer paid is around £305,000 based on approximately 1 sales in New Lane, Feering, Colchester, CO5 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £256,250. 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 £263,000 for 5 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £263,000 per sale.