Values have been changing and have risen £1,672 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,458 in last 6 months, £16,701 in last 1 year, £31,458 in last 2 years, £30,931 in last 3 years, £33,765 in last 4 years and £33,701 in last 5 years.
Currently average asking price of a property in Chelmsford Avenue, Romford, RM5 is around £281,369 based on approximately 3 properties for sale. Same is the case with rental options based on 9 properties up for rent, average asking rent is around £1,755 per month.
Estimated property value in Chelmsford Avenue, Romford, RM5 is £194,107. Average asking price is £281,369 while average price paid is £154,500 which is up by £16,701 and Avg. asking rent £1,755.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 Chelmsford Avenue, Romford, RM5 area. In last 1 year alone average price buyer paid is around £154,500 based on approximately 3 sales in Chelmsford Avenue, Romford, RM5 area alone. If you compare it to last 3 years sales of 16 properties where buyers paid around £153,906. 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 £150,211 for 26 and average amount paid for purchase of approx. 37 properties sold in last 7 years comes to about £152,782 per sale.