Average Price for property in New Town Road, Colchester, CO1 is around £187,512 which varies based on type of property you are interested in and ranges from £398,535 for detached house to around £208,278 for semi-detached. Similarly terraced house is around £166,626 and a flat is worth £114,957. Values have been changing and have risen £256 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £347 in last 6 months, £14,939 in last 1 year, £17,091 in last 2 years, £22,147 in last 3 years, £20,055 in last 4 years and £19,355 in last 5 years.
Currently average asking price of a property in New Town Road, Colchester, CO1 is around £194,374 based on approximately 3 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 New Town Road, Colchester, CO1 is £187,512. Average asking price is £194,374 while average price paid is £159,998 which is up by £14,939 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 New Town Road, Colchester, CO1 area. In last 1 year alone average price buyer paid is around £159,998 based on approximately 3 sales in New Town Road, Colchester, CO1 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £186,874. 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 £192,127 for 14 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £196,104 per sale.