Average Price for property in Mearns Place, Springfield, Chelmsford, CM2 is around £174,426 which varies based on type of property you are interested in and ranges from £309,331 for detached house to around £230,731 for semi-detached. Similarly terraced house is around £219,262 and a flat is worth £99,986. Values have been changing and have risen £509 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,829 in last 6 months, £11,488 in last 1 year, £18,032 in last 2 years, £23,882 in last 3 years, £21,156 in last 4 years and £22,516 in last 5 years.
Currently average asking price of a property in Mearns Place, Springfield, 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 Mearns Place, Springfield, Chelmsford, CM2 is £174,426. Average asking price is £358,736 while average price paid is £244,000 which is up by £11,488 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 Mearns Place, Springfield, Chelmsford, CM2 area. In last 1 year alone average price buyer paid is around £244,000 based on approximately 1 sales in Mearns Place, Springfield, Chelmsford, CM2 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £186,623. 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 £212,749 for 6 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £196,213 per sale.