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House Prices in CM2 House Prices in CM2 (Chelmsford)

The average house price in CM2 (Chelmsford) is £397,022 using HM Land Registry data.

The average property price increased by £34,166 (91.16%) over the last 5 years and increased by £6,845 (9.56%) over the last 12 months.

Over the last year, there were 663 residential property sales – a decrease of 154 transactions (-23.23%) relative to the previous year. The majority of house sales (167) were in the £368,000 - £452,000 range. Then came properties in the £284,000 - £368,000 range, where 143 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 170 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,801 (-2%).

In Dec 24, there were 80 new estate agency instructions, 62 agreed home sales and 45 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 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 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) - Dec 24

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
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£0003 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
121 Fortinbras Way, Chelmsford, Essex, CM2 9UL£440,000£440,000£0018 Mar 202409 Aug 2024144 Days
27 Seabrook Road, Great Baddow, Chelmsford, Essex, CM2 7JG£240,000£235,000-£5,00011 Mar 202409 Aug 2024151 Days
10 Burton Place, Chelmsford, Essex, CM2 6TY£375,000£375,000£0025 May 202430 Jul 202466 Days
17 The Lintons, Sandon, Chelmsford, Essex, CM2 7UA£900,000£887,500-£12,50024 May 202426 Jul 202463 Days
11 Peregrine Drive, Chelmsford, Essex, CM2 8XY£450,000£445,000-£5,00003 Jun 202424 Jul 202451 Days
14 Hillside Grove, Chelmsford, Essex, CM2 9DA£725,000£725,000£0002 Apr 202423 Jul 2024112 Days
6 Grey Ladys, Chelmsford, Essex, CM2 8RB£600,000£575,000-£25,00007 Mar 202418 Jul 2024133 Days
94 West Lawn, Chelmsford, Essex, CM2 8SL£350,000£350,000£0002 Jan 202418 Jul 2024198 Days
78 Galleywood Road, Great Baddow, Chelmsford, Essex, CM2 8DN£1,250,000£1,200,000-£50,00018 Jan 202415 Jul 2024179 Days
50 Gilmore Way, Chelmsford, Essex, CM2 7AP£425,000£413,500-£11,50015 Feb 202415 Jul 2024151 Days

Most Expensive Streets in CM2 (Chelmsford)

PostcodeStreetAreaAverageNo. of Sales
CM2 7TQEast Hanningfield Road, SandonChelmsford£1,211,8128
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
CM2 9LBLongstomps AvenueChelmsford£872,0003

Least Expensive Streets in CM2 (Chelmsford)

PostcodeStreetAreaAverageNo. of Sales
CM2 6GBTownsend, SpringfieldChelmsford£127,3753
CM2 0HFGladstone CourtChelmsford£136,7504
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 0BUPerrin PlaceChelmsford£155,0003
CM2 0BNUpper ChaseChelmsford£157,10312
CM2 9GBSearle CloseChelmsford£165,8758
CM2 9XERedmayne DriveChelmsford£179,75012

Explore CM2 (Chelmsford) using map

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