Parr Drive, Colchester, CO3

Street Guide For Parr Drive, Colchester, CO3

 
 

Parr Drive, Colchester, CO3 Map

Estimated Price: £232,044
Average Asking Price: £333,811
Price change in last one year: £16,663
Average Price Paid: £193,428
Average Rent Rates: £902

Alphalets Ltd
47 Butt Road, Colchester, Essex, CO3 3BZ

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Property Prices Breakdown in Parr Drive, Colchester, CO3

Average Price for property in Parr Drive, Colchester, CO3 is around £232,044 which varies based on type of property you are interested in and ranges from £255,745 for detached house to around £226,953 for semi-detached. Similarly terraced house is around £250,987. Values have been changing and have risen £619 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,895 in last 6 months, £16,663 in last 1 year, £22,731 in last 2 years, £26,021 in last 3 years, £25,344 in last 4 years and £26,780 in last 5 years.

Currently average asking price of a property in Parr Drive, Colchester, CO3 is around £333,811 based on approximately 3 properties for sale. Same is the case with rental options based on 33 properties up for rent, average asking rent is around £902 per month.

Estimated property value in Parr Drive, Colchester, CO3 is £232,044. Average asking price is £333,811 while average price paid is £226,666 which is up by £16,663 and Avg. asking rent £902.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 Parr Drive, Colchester, CO3 area. In last 1 year alone average price buyer paid is around £226,666 based on approximately 3 sales in Parr Drive, Colchester, CO3 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £201,300. 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 £193,428 for 14 and average amount paid for purchase of approx. 17 properties sold in last 7 years comes to about £190,117 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 2 bedroom is around £208,331, £305,382 for a 3 bedroom house, £464,999 for a 4 bedroom house and £685,453 for a 5 bedroom house. For a flat similarly the prices varies from £111,680 for a single bedroom to £182,123 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £225,000. To sum up the asking prices for properties in Parr Drive, Colchester, CO3 it comes to around average £111,680 for 1 bedroom property, £189,270 for 2 bedroom, £288,460 for 3 bedroom, £464,999 for 4 bedroom and £685,453 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 £696 for 2 bedroom to £926 for 3 bedroom and £1,300 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £548. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £775 and £849 for 3 bedroom. You should be generally be expecting around average £548 rent per month for single bedroom property, £718 for 2 bedroom, £895 for 3 bedroom and approximately £1,300 for 4 bedroom property in Parr Drive, Colchester, CO3 area.

Popular Houses in Parr Drive, Colchester, CO3

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 Parr Drive, Colchester, CO3