Average Price for property in Richmond Road, West Mersea, Colchester, CO5 is around £287,328 which varies based on type of property you are interested in and ranges from £292,974 for detached house to around £225,220 for semi-detached. Values have been changing and have risen £1,746 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,286 in last 6 months, £24,874 in last 1 year, £29,732 in last 2 years, £34,788 in last 3 years, £31,991 in last 4 years and £31,161 in last 5 years.
Currently average asking price of a property in Richmond Road, West Mersea, Colchester, CO5 is around £378,303 based on approximately 2 properties for sale. Same is the case with rental options based on 14 properties up for rent, average asking rent is around £1,006 per month.
Estimated property value in Richmond Road, West Mersea, Colchester, CO5 is £287,328. Average asking price is £378,303 while average price paid is £235,250 which is up by £24,874 and Avg. asking rent £1,006.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 Richmond Road, West Mersea, Colchester, CO5 area. In last 1 year alone average price buyer paid is around £235,250 based on approximately 2 sales in Richmond Road, West Mersea, Colchester, CO5 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £240,125. 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 £242,583 for 6 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £242,583 per sale.