Values have been changing and have risen £542 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,413 in last 6 months, £16,910 in last 1 year, £21,688 in last 2 years, £28,561 in last 3 years, £27,270 in last 4 years and £28,286 in last 5 years.
Currently average asking price of a property in Forest Drive, Chelmsford, CM1 is around £415,914 based on approximately 2 properties for sale. Same is the case with rental options based on 79 properties up for rent, average asking rent is around £1,223 per month.
Estimated property value in Forest Drive, Chelmsford, CM1 is £204,902. Average asking price is £415,914 while average price paid is £199,250 which is up by £16,910 and Avg. asking rent £1,223.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 Forest Drive, Chelmsford, CM1 area. In last 1 year alone average price buyer paid is around £199,250 based on approximately 2 sales in Forest Drive, Chelmsford, CM1 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £167,750. 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 £160,535 for 14 and average amount paid for purchase of approx. 20 properties sold in last 7 years comes to about £160,475 per sale.