Values have been changing and have risen £406 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,894 in last 6 months, £11,251 in last 1 year, £15,337 in last 2 years, £19,030 in last 3 years, £15,749 in last 4 years and £16,559 in last 5 years.
Currently average asking price of a property in Spruce Avenue, Colchester, CO4 is around £245,396 based on approximately 3 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 Spruce Avenue, Colchester, CO4 is £164,066. Average asking price is £245,396 while average price paid is £145,533 which is up by £11,251 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 Spruce Avenue, Colchester, CO4 area. In last 1 year alone average price buyer paid is around £145,533 based on approximately 3 sales in Spruce Avenue, Colchester, CO4 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £131,527. 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 £129,581 for 16 and average amount paid for purchase of approx. 18 properties sold in last 7 years comes to about £127,900 per sale.