Walnut Way, Brightlingsea, Colchester, CO7

Street Guide For Walnut Way, Brightlingsea, Colchester, CO7

 

Walnut Way, Brightlingsea, Colchester, CO7 Map

Estimated Price: £185,575
Average Asking Price: £362,891
Price change in last one year: £12,994
Average Price Paid: £152,700
Average Rent Rates: £1,393

 

Property Prices Breakdown in Walnut Way, Brightlingsea, Colchester, CO7

Average Price for property in Walnut Way, Brightlingsea, Colchester, CO7 is around £185,575 which varies based on type of property you are interested in and ranges from £242,306 for detached house to around £175,259 for semi-detached. Values have been changing and have risen £1,240 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,187 in last 6 months, £12,994 in last 1 year, £19,416 in last 2 years, £22,049 in last 3 years, £20,220 in last 4 years and £18,808 in last 5 years.

Currently average asking price of a property in Walnut Way, Brightlingsea, Colchester, CO7 is around £362,891 based on approximately 3 properties for sale. Same is the case with rental options based on 40 properties up for rent, average asking rent is around £1,393 per month.

Estimated property value in Walnut Way, Brightlingsea, Colchester, CO7 is £185,575. Average asking price is £362,891 while average price paid is £160,833 which is up by £12,994 and Avg. asking rent £1,393.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 Walnut Way, Brightlingsea, Colchester, CO7 area. In last 1 year alone average price buyer paid is around £160,833 based on approximately 3 sales in Walnut Way, Brightlingsea, Colchester, CO7 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £152,700. 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 £152,700 for 5 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £160,785 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 £81,667, £145,893 for a 2 bedroom house, £319,641 for a 3 bedroom house, £442,290 for a 4 bedroom house and £508,569 for a 5 bedroom house. For a flat similarly the prices varies from £151,285 for a single bedroom to £180,750 for a 2 bedroom Flat. To sum up the asking prices for properties in Walnut Way, Brightlingsea, Colchester, CO7 it comes to around average £138,999 for 1 bedroom property, £153,815 for 2 bedroom, £319,641 for 3 bedroom, £442,290 for 4 bedroom and £508,569 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 £576 for 1 bedroom to £662 for 2 bedrooms, £948 for 3 bedrooms, £1,332 for 4 bedrooms and £1,683 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £390. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £608 and £832 for 3 bedroom. You should be generally be expecting around average £452 rent per month for single bedroom property, £651 for 2 bedroom, £898 for 3 bedroom, £1,332 for 4 bedroom and approximately £1,683 for a 5 bedroom property in Walnut Way, Brightlingsea, Colchester, CO7 area.

Popular Houses in Walnut Way, Brightlingsea, Colchester, CO7

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 Walnut Way, Brightlingsea, Colchester, CO7