Romford Close, Colchester, CO4

Street Guide For Romford Close, Colchester, CO4

 

Romford Close, Colchester, CO4 Map

Estimated Price: £161,899
Average Asking Price: £245,396
Price change in last one year: £11,333
Average Price Paid: £132,610
Average Rent Rates: £1,158

 

Property Prices Breakdown in Romford Close, Colchester, CO4

Average Price for property in Romford Close, Colchester, CO4 is around £161,899 which varies based on type of property you are interested in and ranges from £195,766 for detached house to around £193,043 for semi-detached. Similarly flat is around £138,541. Values have been changing and have risen £408 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,907 in last 6 months, £11,333 in last 1 year, £15,450 in last 2 years, £19,172 in last 3 years, £15,866 in last 4 years and £16,682 in last 5 years.

Currently average asking price of a property in Romford Close, Colchester, CO4 is around £245,396 based on approximately 6 properties for sale. Same is the case with rental options based on 131 properties up for rent, average asking rent is around £1,158 per month.

Estimated property value in Romford Close, Colchester, CO4 is £161,899. Average asking price is £245,396 while average price paid is £126,415 which is up by £11,333 and Avg. asking rent £1,158.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 Romford Close, Colchester, CO4 area. In last 1 year alone average price buyer paid is around £126,415 based on approximately 6 sales in Romford Close, Colchester, CO4 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £126,415. 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 £132,610 for 9 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £129,460 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 1 bedroom is around £120,213, £181,996 for a 2 bedroom house, £237,990 for a 3 bedroom house, £320,268 for a 4 bedroom house and £540,909 for a 5 bedroom house. For a flat similarly the prices varies from £102,052 for a single bedroom to £130,998 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £160,000. To sum up the asking prices for properties in Romford Close, Colchester, CO4 it comes to around average £106,941 for 1 bedroom property, £151,813 for 2 bedroom, £236,732 for 3 bedroom, £320,268 for 4 bedroom and £540,909 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 £337 for 1 bedroom to £729 for 2 bedrooms, £911 for 3 bedrooms, £1,157 for 4 bedrooms and £1,488 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £486. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £668 and £764 for 3 bedroom. You should be generally be expecting around average £449 rent per month for single bedroom property, £686 for 2 bedroom, £892 for 3 bedroom, £1,157 for 4 bedroom and approximately £1,488 for a 5 bedroom property in Romford Close, Colchester, CO4 area.

Popular Houses in Romford Close, Colchester, CO4

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 Romford Close, Colchester, CO4