West Street, Wivenhoe, Colchester, CO7

Street Guide For West Street, Wivenhoe, Colchester, CO7

 

West Street, Wivenhoe, Colchester, CO7 Map

Estimated Price: £359,404
Average Asking Price: £360,807
Price change in last one year: £25,465
Average Price Paid: £316,666
Average Rent Rates: £1,329

 

Property Prices Breakdown in West Street, Wivenhoe, Colchester, CO7

Average Price for property in West Street, Wivenhoe, Colchester, CO7 is around £359,404 which varies based on type of property you are interested in and ranges from £553,823 for detached house to around £400,772 for semi-detached. Similarly terraced house is around £291,010 and a flat is worth £159,022. Values have been changing and have risen £2,429 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,204 in last 6 months, £25,465 in last 1 year, £38,049 in last 2 years, £43,208 in last 3 years, £39,613 in last 4 years and £36,836 in last 5 years.

Currently average asking price of a property in West Street, Wivenhoe, Colchester, CO7 is around £360,807 based on approximately 1 properties for sale. Same is the case with rental options based on 45 properties up for rent, average asking rent is around £1,329 per month.

Estimated property value in West Street, Wivenhoe, Colchester, CO7 is £359,404. Average asking price is £360,807 while average price paid is £280,000 which is up by £25,465 and Avg. asking rent £1,329.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 West Street, Wivenhoe, Colchester, CO7 area. In last 1 year alone average price buyer paid is around £280,000 based on approximately 1 sales in West Street, Wivenhoe, Colchester, CO7 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £227,500. 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 £316,666 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £331,125 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, £311,928 for a 3 bedroom house, £445,957 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 West Street, Wivenhoe, Colchester, CO7 it comes to around average £138,999 for 1 bedroom property, £153,815 for 2 bedroom, £311,928 for 3 bedroom, £445,957 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 £659 for 2 bedrooms, £938 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, £649 for 2 bedroom, £898 for 3 bedroom, £1,332 for 4 bedroom and approximately £1,683 for a 5 bedroom property in West Street, Wivenhoe, Colchester, CO7 area.

Popular Houses in West Street, Wivenhoe, 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 West Street, Wivenhoe, Colchester, CO7