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House Prices in CM2 House Prices in CM2 (Chelmsford)

The average house price in CM2 (Chelmsford) is £405,567 using HM Land Registry data.

The average property price increased by £27,925 (91.16%) over the last 5 years and increased by £5,593 (9.56%) over the last 12 months.

Over the last year, there were 688 residential property sales – a decrease of 133 transactions (-19.33%) relative to the previous year. The majority of house sales (182) were in the £362,000 - £448,000 range. Then came properties in the £276,000 - £362,000 range, where 137 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 168 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,772 (-2%).

In January 2025, there were 155 new estate agency instructions, 98 agreed home sales and 113 property price reductions.

Nearby Postcodes: CB11, CM0, CM1, CM11, CM12, CM13, CM14, CM15, CM16, CM17, CM18, CM19, CM20, CM21, CM22, CM23, CM24, CM3, CM4, CM5, CM6, CM77, CM8, CM9, EN11, EN9, IG10, RM14, RM3, RM4, SG10, SG11, SG12, SG9, SS11, SS12, SS14, SS15, SS16, SS4, SS5

5-Year Average Property Prices in CM2 (Chelmsford)

91.16%

Property prices in CM2 (Chelmsford) increased by 91.16% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in CM2 (Chelmsford) Over the Last Year

9.56%

Property prices in CM2 (Chelmsford) increased by 9.56% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for CM2 (Chelmsford) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in CM2 (Chelmsford)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in CM2 (Chelmsford)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in CM2 (Chelmsford)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the CM2 (Chelmsford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CM2 postcode area since 1995.

Recent Sales in CM2 (Chelmsford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
35 Mascalls Way, Chelmsford, Essex, CM2 7NR£200,000£195,000-£5,00027 Jun 202419 Dec 2024175 Days
160a, Baddow Hall Crescent, Chelmsford, Essex, CM2 7BU£375,000£375,000£029 Aug 202418 Dec 2024111 Days
12 Fawkner Close, Chelmsford, Essex, CM2 6UP£605,000£590,000-£15,00019 Sep 202416 Dec 202488 Days
1 Ashton Place, Chelmsford, Essex, CM2 6ST£700,000£680,000-£20,00003 May 202412 Dec 2024223 Days
48 Harberd Tye, Chelmsford, Essex, CM2 9GJ£235,000£230,000-£5,00008 Apr 202411 Dec 2024247 Days
Oaklea, 2a, Oaklea Avenue, Chelmsford, Essex, CM2 6BY£700,000£675,000-£25,00008 Aug 202410 Dec 2024124 Days
47 Goodwin Close, Chelmsford, Essex, CM2 9GX£450,000£450,000£014 May 202406 Dec 2024206 Days
47 Baddow Hall Crescent, Chelmsford, Essex, CM2 7BX£400,000£400,000£022 May 202403 Dec 2024195 Days
7 Waterson Vale, Chelmsford, Essex, CM2 9PB£320,000£315,000-£5,00006 Aug 202403 Dec 2024119 Days
4 Sharpington Close, Chelmsford, Essex, CM2 8YH£425,000£410,000-£15,00028 Mar 202402 Dec 2024249 Days
4 Waltham Glen, Chelmsford, Essex, CM2 9EL£375,000£367,500-£7,50002 May 202415 Nov 2024197 Days
29 Pryors Road, Galleywood, Chelmsford, Essex, CM2 8SA£350,000£350,000£003 Jun 202407 Nov 2024157 Days
50a, Ash Grove, Chelmsford, Essex, CM2 9JT£400,000£390,000-£10,00022 May 202431 Oct 2024162 Days
310 Dorset Avenue, Chelmsford, Essex, CM2 8HD£390,000£370,000-£20,00014 Feb 202431 Oct 2024260 Days
3 Lime Walk, Chelmsford, Essex, CM2 9NF£320,000£315,000-£5,00030 Apr 202430 Oct 2024183 Days
104 Henniker Gate, Chelmsford, Essex, CM2 6SB£210,000£205,000-£5,00031 Jul 202430 Oct 202491 Days
12 Howard Drive, Chelmsford, Essex, CM2 6PE£825,000£801,000-£24,00030 Apr 202430 Oct 2024183 Days
326 Linnet Drive, Chelmsford, Essex, CM2 8AL£360,000£350,000-£10,00015 May 202430 Oct 2024168 Days
149 Moulsham Street, Chelmsford, Essex, CM2 0LD£425,000£415,000-£10,00001 Mar 202416 Aug 2024168 Days
56 New Road, Great Baddow, Chelmsford, Essex, CM2 7QT£550,000£535,000-£15,00002 Oct 202312 Aug 2024315 Days

Most Expensive Streets in CM2 (Chelmsford)

PostcodeStreetAreaAverageNo. of Sales
CM2 8UYLower Stock Road, West HanningfieldChelmsford£1,212,8333
CM2 7TQEast Hanningfield Road, SandonChelmsford£1,210,5009
CM2 9AQMoulsham StreetChelmsford£1,090,0003
CM2 9AWLinks DriveChelmsford£992,3758
CM2 0ARNew London RoadChelmsford£986,6663
CM2 8DNGalleywood Road, Great BaddowChelmsford£958,7504
CM2 7RWMayes Lane, SandonChelmsford£943,0005
CM2 7SXBrook Lane, Great BaddowChelmsford£940,0003
CM2 6BTTyrells CloseChelmsford£913,9166
CM2 8DJGalleywood Road, Great BaddowChelmsford£906,2504

Least Expensive Streets in CM2 (Chelmsford)

PostcodeStreetAreaAverageNo. of Sales
CM2 6GBTownsend, SpringfieldChelmsford£127,3753
CM2 0HFGladstone CourtChelmsford£136,7504
CM2 0BUPerrin PlaceChelmsford£142,5004
CM2 6JQBalmoral Court, Springfield RoadChelmsford£144,50012
CM2 0UTAlbion CourtChelmsford£145,84613
CM2 7QNThe Vineyards, Great BaddowChelmsford£149,9166
CM2 0XEGodfreys MewsChelmsford£153,14025
CM2 0BNUpper ChaseChelmsford£161,56711
CM2 9GBSearle CloseChelmsford£173,5559
CM2 9XERedmayne DriveChelmsford£179,75012

Explore CM2 (Chelmsford) using map

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