Values have been changing and have risen £496 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,785 in last 6 months, £11,210 in last 1 year, £17,596 in last 2 years, £23,305 in last 3 years, £20,645 in last 4 years and £21,973 in last 5 years.
Currently average asking price of a property in Spring Rise, Galleywood, Chelmsford, CM2 is around £360,263 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 £1,068 per month.
Estimated property value in Spring Rise, Galleywood, Chelmsford, CM2 is £167,987. Average asking price is £360,263 while average price paid is £131,000 which is up by £11,210 and Avg. asking rent £1,068.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 Spring Rise, Galleywood, Chelmsford, CM2 area. In last 1 year alone average price buyer paid is around £131,000 based on approximately 1 sales in Spring Rise, Galleywood, Chelmsford, CM2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £137,250. 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 £137,250 for 3 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £138,549 per sale.