Values have been changing and have risen £223 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £716 in last 6 months, £15,816 in last 1 year, £21,106 in last 2 years, £29,355 in last 3 years, £25,422 in last 4 years and £26,245 in last 5 years.
Currently average asking price of a property in Nicholson Place, East Hanningfield, Chelmsford, CM3 is around £519,841 based on approximately 3 properties for sale. Same is the case with rental options based on 40 properties up for rent, average asking rent is around £1,164 per month.
Estimated property value in Nicholson Place, East Hanningfield, Chelmsford, CM3 is £193,967. Average asking price is £519,841 while average price paid is £178,166 which is up by £15,816 and Avg. asking rent £1,164.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 Nicholson Place, East Hanningfield, Chelmsford, CM3 area. In last 1 year alone average price buyer paid is around £178,166 based on approximately 3 sales in Nicholson Place, East Hanningfield, Chelmsford, CM3 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £163,300. 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 £164,312 for 8 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £153,958 per sale.