Average Price for property in Witham is around £247,482 which varies based on type of property you are interested in and ranges from £465,937 for detached house to around £238,258 for semi-detached. Similarly terraced house is around £190,573 and a flat is worth £144,426. Values have been changing and have risen £746 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £506 in last 6 months, £8,773 in last 1 year, £29,339 in last 2 years, £36,247 in last 3 years, £28,331 in last 4 years and £34,751 in last 5 years.
Currently average asking price of a property in Witham is around £401,083 based on approximately 546 properties for sale. Same is the case with rental options based on 26 properties up for rent, average asking rent is around £1,352 per month.
Estimated property value in Witham is £247,482. Average asking price is £401,083 while average price paid is £215,957 which is up by £8,773 and Avg. asking rent £1,352.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 Witham area. In last 1 year alone average price buyer paid is around £215,957 based on approximately 546 sales in Witham area alone. If you compare it to last 3 years sales of 1,364 properties where buyers paid around £203,154. 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 £197,536 for 2,170 and average amount paid for purchase of approx. 2,961 properties sold in last 7 years comes to about £196,737 per sale.