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Springfield Basin is a residential street with 19 addresses.
It ranks as the 262nd largest and 71st most expensive of the 658 streets in the CM2 area. The dominant property type is a modern flat built after 1980.
The street contains a total of 19 properties: 19 flats.
Springfield Basin is a residential street with 19 addresses.
It ranks as the 262nd largest and 71st most expensive of the 658 streets in the CM2 area. The dominant property type is a modern flat built after 1980.
The street contains a total of 19 properties: 19 flats.
Sale prices range from £198,416 for 1 bedroom leasehold flats (462 ft2) to £235,210 for 2 bedroom leasehold flats (635 ft2) .
Monthly rental prices range from £1,055 pcm for 1 bed flats to £1,204 pcm for 2 bed flats.
The gross rental yield is between 6.1% and 6.6%.
The average value per square foot is £374.
The last sale on Springfield Basin sold for £245,000 on 25th August 2023. Since then prices are down an average of 4.3%.
The current average value in the street is £222,596.
The Springfield Basin Sales Market has increased by 6.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.2% | £222,596 |
| April 2025 | -0.3% | £230,040 |
| April 2024 | -1.4% | £230,690 |
| April 2023 | -0.4% | £233,936 |
| April 2022 | 6.3% | £234,886 |
| April 2021 | 1.4% | £220,903 |
| April 2020 | 0.4% | £217,850 |
| April 2019 | -0.6% | £217,025 |
| April 2018 | -0.2% | £218,443 |
| April 2017 | 5% | £218,962 |
| April 2016 | 12.4% | £208,582 |
| April 2015 | 9.8% | £185,561 |
| April 2014 | 8.1% | £168,950 |
| April 2013 | 0.8% | £156,317 |
| April 2012 | 0.1% | £155,135 |
| April 2011 | -1.6% | £154,928 |
| April 2010 | 3.8% | £157,456 |
| April 2009 | -11.3% | £151,647 |
| April 2008 | 1.1% | £170,967 |
| April 2007 | 0% | £169,131 |
The current average rental value in the street is £1,163.
The Springfield Basin Rental Market has increased by 39.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.3% | £1,163pcm |
| April 2025 | 3.6% | £1,127pcm |
| April 2024 | 10.2% | £1,088pcm |
| April 2023 | 8.7% | £987pcm |
| April 2022 | 4.3% | £908pcm |
| April 2021 | 1.8% | £870pcm |
| April 2020 | 1.7% | £855pcm |
| April 2019 | 0.5% | £841pcm |
| April 2018 | -1.6% | £837pcm |
| April 2017 | 1.7% | £850pcm |
| April 2016 | 5.5% | £836pcm |
| April 2015 | 3.4% | £792pcm |
| April 2014 | 3.4% | £766pcm |
| April 2013 | 1.7% | £741pcm |
| April 2012 | 0.9% | £728pcm |
| April 2011 | 2.1% | £722pcm |
| April 2010 | 0.4% | £707pcm |
| April 2009 | -6.2% | £704pcm |
| April 2008 | 5.7% | £751pcm |
| April 2007 | 0% | £710pcm |
The last sale was on 25th August 2023 for £245,000 and since then the market in the area has decreased by 4.3%. The street has had a total of 22 sales since 1995.
Springfield Basin, Chelmsford, CM2 has seen 2 sales in the last three years and no sales in the last twelve months.
Springfield Basin, Chelmsford, CM2 is the 262nd largest and the 71st most expensive street in the CM2 area.
There is 1 postcode on Springfield Basin, Chelmsford, CM2.
The closest station to Springfield Basin, Chelmsford, CM2 is Chelmsford station which is 900 metres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Springfield Basin, Chelmsford, CM2, % of property is and % is .
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Springfield Basin, Chelmsford, CM2, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Springfield Basin, Chelmsford, CM2, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Springfield Basin, Chelmsford, CM2, there are an average of 0.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.