Rectory Lane, Chelmsford, CM1

Street Guide For Rectory Lane, Chelmsford, CM1

 
 

Rectory Lane, Chelmsford, CM1 Map

Estimated Price: £231,680
Average Asking Price: £415,914
Price change in last one year: £20,351
Average Price Paid: £201,673
Average Rent Rates: £1,223

Hamilton piers
7 The Square, Great Notley, Essex CM77 7WT, United Kingdom

Free House valuation

 

Property Prices Breakdown in Rectory Lane, Chelmsford, CM1

Average Price for property in Rectory Lane, Chelmsford, CM1 is around £231,680 which varies based on type of property you are interested in and ranges from £312,319 for detached house to around £232,489 for semi-detached. Similarly terraced house is around £229,120 and a flat is worth £176,719. Values have been changing and have risen £652 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,700 in last 6 months, £20,351 in last 1 year, £26,099 in last 2 years, £34,371 in last 3 years, £32,817 in last 4 years and £34,039 in last 5 years.

Currently average asking price of a property in Rectory Lane, Chelmsford, CM1 is around £415,914 based on approximately 4 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 Rectory Lane, Chelmsford, CM1 is £231,680. Average asking price is £415,914 while average price paid is £242,000 which is up by £20,351 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 Rectory Lane, Chelmsford, CM1 area. In last 1 year alone average price buyer paid is around £242,000 based on approximately 4 sales in Rectory Lane, Chelmsford, CM1 area alone. If you compare it to last 3 years sales of 12 properties where buyers paid around £202,479. 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 £201,673 for 23 and average amount paid for purchase of approx. 24 properties sold in last 7 years comes to about £201,604 per sale.

 
 
 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £147,498, £276,828 for a 2 bedroom house, £351,894 for a 3 bedroom house, £595,306 for a 4 bedroom house and £927,143 for a 5 bedroom house. For a flat similarly the prices varies from £149,475 for a single bedroom to £196,277 for a 2 bedroom Flat. To sum up the asking prices for properties in Rectory Lane, Chelmsford, CM1 it comes to around average £149,339 for 1 bedroom property, £216,085 for 2 bedroom, £351,894 for 3 bedroom, £595,306 for 4 bedroom and £927,143 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £430 for 1 bedroom to £927 for 2 bedroom, £1,163 for 3 bedroom and £1,791 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £771. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £870. You should be generally be expecting around average £669 rent per month for single bedroom property, £894 for 2 bedroom, £1,163 for 3 bedroom and approximately £1,791 for 4 bedroom property in Rectory Lane, Chelmsford, CM1 area.

Popular Houses in Rectory Lane, Chelmsford, CM1

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Rectory Lane, Chelmsford, CM1