Average Price for property in Chelmsford is around £320,952 which varies based on type of property you are interested in and ranges from £463,812 for detached house to around £296,265 for semi-detached. Similarly terraced house is around £241,705 and a flat is worth £171,145. Values have been changing and have risen £583 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,111 in last 6 months, £25,753 in last 1 year, £33,701 in last 2 years, £45,777 in last 3 years, £42,608 in last 4 years and £45,663 in last 5 years.
Currently average asking price of a property in Chelmsford is around £435,831 based on approximately 2,598 properties for sale. Same is the case with rental options based on 183 properties up for rent, average asking rent is around £1,160 per month.
Estimated property value in Chelmsford is £320,952. Average asking price is £435,831 while average price paid is £274,567 which is up by £25,753 and Avg. asking rent £1,160.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 area. In last 1 year alone average price buyer paid is around £274,567 based on approximately 2,598 sales in Chelmsford area alone. If you compare it to last 3 years sales of 7,531 properties where buyers paid around £261,636. 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 £257,419 for 12,178 and average amount paid for purchase of approx. 16,257 properties sold in last 7 years comes to about £252,775 per sale.