Values have been changing and have risen £658 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,366 in last 6 months, £14,860 in last 1 year, £23,322 in last 2 years, £30,886 in last 3 years, £27,360 in last 4 years and £29,117 in last 5 years.
Currently average asking price of a property in Coates Quay, Chelmsford, CM2 is around £358,736 based on approximately 1 properties for sale. Same is the case with rental options based on 64 properties up for rent, average asking rent is around £1,065 per month.
Estimated property value in Coates Quay, Chelmsford, CM2 is £232,935. Average asking price is £358,736 while average price paid is £200,000 which is up by £14,860 and Avg. asking rent £1,065.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 Coates Quay, Chelmsford, CM2 area. In last 1 year alone average price buyer paid is around £200,000 based on approximately 1 sales in Coates Quay, Chelmsford, CM2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £182,750. 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 £163,416 for 6 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £165,444 per sale.