Values have been changing and have risen £209 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £283 in last 6 months, £12,254 in last 1 year, £14,020 in last 2 years, £18,167 in last 3 years, £16,452 in last 4 years and £15,878 in last 5 years.
Currently average asking price of a property in Timber Hill, Colchester, CO1 is around £194,374 based on approximately 2 properties for sale. Same is the case with rental options based on 112 properties up for rent, average asking rent is around £979 per month.
Estimated property value in Timber Hill, Colchester, CO1 is £163,302. Average asking price is £194,374 while average price paid is £115,000 which is up by £12,254 and Avg. asking rent £979.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 Timber Hill, Colchester, CO1 area. In last 1 year alone average price buyer paid is around £115,000 based on approximately 2 sales in Timber Hill, Colchester, CO1 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £118,000. 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 £118,000 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £115,750 per sale.