Values have been changing and have risen £221 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £298 in last 6 months, £12,880 in last 1 year, £14,737 in last 2 years, £19,099 in last 3 years, £17,297 in last 4 years and £16,692 in last 5 years.
Currently average asking price of a property in Port Lane, Colchester, CO1 is around £194,374 based on approximately 9 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 Port Lane, Colchester, CO1 is £175,263. Average asking price is £194,374 while average price paid is £147,443 which is up by £12,880 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 Port Lane, Colchester, CO1 area. In last 1 year alone average price buyer paid is around £147,443 based on approximately 9 sales in Port Lane, Colchester, CO1 area alone. If you compare it to last 3 years sales of 12 properties where buyers paid around £144,541. 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 £150,704 for 41 and average amount paid for purchase of approx. 45 properties sold in last 7 years comes to about £145,331 per sale.