Average Price for property in Merton Place, South Woodham Ferrers, Chelmsford, CM3 is around £223,526 which varies based on type of property you are interested in and ranges from £336,464 for detached house to around £198,575 for semi-detached. Similarly terraced house is around £192,810. Values have been changing and have risen £237 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £762 in last 6 months, £16,820 in last 1 year, £22,444 in last 2 years, £31,215 in last 3 years, £27,032 in last 4 years and £27,909 in last 5 years.
Currently average asking price of a property in Merton Place, South Woodham Ferrers, Chelmsford, CM3 is around £519,841 based on approximately 5 properties for sale. Same is the case with rental options based on 39 properties up for rent, average asking rent is around £1,173 per month.
Estimated property value in Merton Place, South Woodham Ferrers, Chelmsford, CM3 is £223,526. Average asking price is £519,841 while average price paid is £194,800 which is up by £16,820 and Avg. asking rent £1,173.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 Merton Place, South Woodham Ferrers, Chelmsford, CM3 area. In last 1 year alone average price buyer paid is around £194,800 based on approximately 5 sales in Merton Place, South Woodham Ferrers, Chelmsford, CM3 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £185,681. 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 £189,038 for 13 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £184,718 per sale.