Steamer Terrace, Chelmsford, CM1

Street Guide For Steamer Terrace, Chelmsford, CM1

 
 

Steamer Terrace, Chelmsford, CM1 Map

Estimated Price: £242,720
Average Asking Price: £415,914
Price change in last one year: £21,460
Average Price Paid: £205,980
Average Rent Rates: £1,223

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

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Property Prices Breakdown in Steamer Terrace, Chelmsford, CM1

Average Price for property in Steamer Terrace, Chelmsford, CM1 is around £242,720 e.g. average price for terraced house is around 242,720. Values have been changing and have risen £687 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,792 in last 6 months, £21,460 in last 1 year, £27,522 in last 2 years, £36,242 in last 3 years, £34,601 in last 4 years and £35,890 in last 5 years.

Currently average asking price of a property in Steamer Terrace, Chelmsford, CM1 is around £415,914 based on approximately 1 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 Steamer Terrace, Chelmsford, CM1 is £242,720. Average asking price is £415,914 while average price paid is £250,000 which is up by £21,460 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 Steamer Terrace, Chelmsford, CM1 area. In last 1 year alone average price buyer paid is around £250,000 based on approximately 1 sales in Steamer Terrace, Chelmsford, CM1 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £206,125. 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 £205,980 for 5 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £205,980 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 £147,708 for a single bedroom to £199,548 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £395,000. To sum up the asking prices for properties in Steamer Terrace, Chelmsford, CM1 it comes to around average £147,694 for 1 bedroom property, £218,245 for 2 bedroom, £353,285 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 Steamer Terrace, Chelmsford, CM1 area.

Popular Houses in Steamer Terrace, 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 Steamer Terrace, Chelmsford, CM1