Spindle Street, Colchester, CO4

Street Guide For Spindle Street, Colchester, CO4

 

Spindle Street, Colchester, CO4 Map

Estimated Price: £307,824
Average Asking Price: £245,396
Price change in last one year: £21,497
Average Price Paid: £246,747
Average Rent Rates: £1,158

 

Property Prices Breakdown in Spindle Street, Colchester, CO4

Average Price for property in Spindle Street, Colchester, CO4 is around £307,824 which varies based on type of property you are interested in and ranges from £286,554 for detached house to around £318,458 for semi-detached. Values have been changing and have risen £774 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,615 in last 6 months, £21,497 in last 1 year, £29,302 in last 2 years, £36,356 in last 3 years, £30,080 in last 4 years and £31,627 in last 5 years.

Currently average asking price of a property in Spindle Street, Colchester, CO4 is around £245,396 based on approximately 1 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 Spindle Street, Colchester, CO4 is £307,824. Average asking price is £245,396 while average price paid is £272,000 which is up by £21,497 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 Spindle Street, Colchester, CO4 area. In last 1 year alone average price buyer paid is around £272,000 based on approximately 1 sales in Spindle Street, Colchester, CO4 area alone. If you compare it to last 3 years sales of 17 properties where buyers paid around £249,161. 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 £246,747 for 21 and average amount paid for purchase of approx. 21 properties sold in last 7 years comes to about £246,747 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 Spindle Street, 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 Spindle Street, Colchester, CO4 area.

Popular Houses in Spindle Street, 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 Spindle Street, Colchester, CO4