Average Colchester property values rise by £233 per week

Over the last 12 months in Colchester average property values have risen from £246,000 to £257,600 a rise of £11,600 or £223 per week. When I looked at some of the surrounding areas, Ipswich has had a slightly lower than average increase in property values, at around £192 per week (as the average value of a Ipswich property has risen from £207,400 to £217,400) , whilst Clacton-on-Sea has had a slightly lower rise of around £113 per week (taking an average property in Clacton-on-Sea from £169,000 to £174,900). 

For more news on the Colchester property market contact More Estate Agents in Colchester on 01206 767673

Average Colchester two bedroom property takes 92 days to sell

The length of time a property takes to sell on average has increased over the last few months.

The market is showing a slow down leading up to the upcoming election.

Two bedroom properties in Colchester are now taking on average 92 days to sell, three bedroom 72 days, four bedrooms 92 days, but here an interesting figure, one beds are taking on average 114 days to find a buyer.

 

For information on how to beat the averages contact your local Colchester Estate Agents on 01206 767673.

Is there real money to be made in buy-to-let?

This is a great question that we get asked all the time. In short the answer is YES.

A well researched dive into the property market can provide reasonable returns for the savvy investor.

At More Estate Agents in Colchester we get asked all the time what properties investors should buy to get the best returns. We are always happy to provide unbiased advice on any property an investor is looking to buy.

Successfully investing requires good research, timing and good property selection. It helps if you have a plan and stick to it, do not be drawn by personal emotions, remember it is a business.

You need to decided whether you are investing for short term gain i.e. profit from the rental or whether it is the long term capital gain you are looking for. In some cases you may be able to benefit from both.

Generally, most investors will be looking for yields upwards of 5%. In most cases the best returns are made over a number of years, it really should be a 5+ year plan, with 10-15+ years providing the best capital gains.

Check out our full article - Is there real money to be made in buy-to-let? for more information on this subject.