Values have been changing and have risen £550 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,435 in last 6 months, £17,177 in last 1 year, £22,031 in last 2 years, £29,013 in last 3 years, £27,701 in last 4 years and £28,734 in last 5 years.
Currently average asking price of a property in St. Nazaire Road, Chelmsford, CM1 is around £415,914 based on approximately 2 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 St. Nazaire Road, Chelmsford, CM1 is £193,438. Average asking price is £415,914 while average price paid is £246,500 which is up by £17,177 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 St. Nazaire Road, Chelmsford, CM1 area. In last 1 year alone average price buyer paid is around £246,500 based on approximately 2 sales in St. Nazaire Road, Chelmsford, CM1 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £204,375. 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 £171,937 for 8 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £171,807 per sale.