Values have been changing and have risen £215 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £290 in last 6 months, £12,606 in last 1 year, £14,422 in last 2 years, £18,688 in last 3 years, £16,924 in last 4 years and £16,333 in last 5 years.
Currently average asking price of a property in Northgate Street, Colchester, CO1 is around £194,374 based on approximately 14 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 Northgate Street, Colchester, CO1 is £168,191. Average asking price is £194,374 while average price paid is £111,171 which is up by £12,606 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 Northgate Street, Colchester, CO1 area. In last 1 year alone average price buyer paid is around £111,171 based on approximately 14 sales in Northgate Street, Colchester, CO1 area alone. If you compare it to last 3 years sales of 22 properties where buyers paid around £124,404. 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 £131,630 for 26 and average amount paid for purchase of approx. 28 properties sold in last 7 years comes to about £131,371 per sale.