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House Prices in CM3 House Prices in CM3 (Chelmsford)

The average house price in CM3 (Chelmsford) is £326,947 using HM Land Registry data.

The average property price increased by £114,901 (19.56%) over the last 5 years and increased by £22,970 (3.09%) over the last 12 months.

Over the last year, there were 512 residential property sales – a decrease of 299 transactions (-58.40%) relative to the previous year. The majority of house sales (150) were in the £318,000 - £436,000 range. Then came properties in the £436,000 - £554,000 range, where 100 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,651 (-2%).

In June 2024, there were 182 new estate agency instructions, 97 agreed home sales and 93 property price reductions.

Nearby Postcodes: , CB10, CB11, CM0, CM1, CM11, CM12, CM13, CM14, CM15, CM16, CM17, CM18, CM19, CM2, CM20, CM21, CM22, CM23, CM24, CM4, CM5, CM6, CM7, CM77, CM8, CM9, CM98, CM99, CO5, CO6, CO9, EN11, EN9, IG10, RM14, RM3, RM4, SG10, SG11, SG12, SG9, SS11, SS12, SS14, SS15, SS16, SS2, SS3, SS4, SS5, SS6, SS9

5-Year Average Property Prices in CM3 (Chelmsford)

19.56%

Property prices in Chelmsford increased by 19.56% 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 CM3 (Chelmsford) Over the Last Year

3.09%

Property prices in Chelmsford increased by 3.09% 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 CM3 (Chelmsford) - June 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 CM3 (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 CM3 (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 CM3 (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 CM3 (Chelmsford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CM3 postcode area since 1995.

Recent Sales in CM3 (Chelmsford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Hareswood, Elm Green Lane, Danbury, Chelmsford, Essex, CM3 4DW£1,250,000£1,100,000-£150,00030 Aug 202317 May 2024261 Days
8 Brockenhurst Way, Bicknacre, Chelmsford, Essex, CM3 4XW£230,000£228,000-£2,00014 Nov 202303 May 2024171 Days
48 Pertwee Drive, South Woodham Ferrers, Chelmsford, Essex, CM3 5NT£475,000£462,500-£12,50016 Jan 202424 Apr 202499 Days
118 King Edwards Road, South Woodham Ferrers, Chelmsford, Essex, CM3 5TL£675,000£650,000-£25,00015 Nov 202324 Apr 2024161 Days
28 Chestnut Avenue, Hatfield Peverel, Chelmsford, Essex, CM3 2LL£415,000£397,600-£17,40002 Jan 202422 Apr 2024111 Days
Cedars, Lucks Lane, Howe Street, Chelmsford, Essex, CM3 1BW£750,000£720,000-£30,00012 Sep 202319 Apr 2024220 Days
9 Thorins Gate, South Woodham Ferrers, Chelmsford, Essex, CM3 5ZH£335,000£330,000-£5,00021 Jul 202319 Apr 2024273 Days
138 Tylers Ride, South Woodham Ferrers, Chelmsford, Essex, CM3 5ZT£157,000£150,000-£7,00010 Jul 202305 Apr 2024270 Days
3 Nelson Place, South Woodham Ferrers, Chelmsford, Essex, CM3 5FH£160,000£155,000-£5,00004 Sep 202305 Apr 2024214 Days
9 Wolmers Hey, Great Waltham, Chelmsford, Essex, CM3 1DA£350,000£336,000-£14,00001 Nov 202327 Mar 2024147 Days
16 Keats Square, South Woodham Ferrers, Chelmsford, Essex, CM3 5XZ£275,000£275,000£0010 Jan 202422 Mar 202472 Days
4 Collingwood Road, South Woodham Ferrers, Chelmsford, Essex, CM3 5YB£500,000£500,000£0020 Jun 202308 Mar 2024262 Days
15 Maydene, South Woodham Ferrers, Chelmsford, Essex, CM3 5ND£180,000£170,000-£10,00008 Nov 202329 Feb 2024113 Days
3 Green Meadows, Danbury, Chelmsford, Essex, CM3 4LD£650,000£630,000-£20,00010 Aug 202329 Feb 2024203 Days
24 Melville Heath, South Woodham Ferrers, Chelmsford, Essex, CM3 5FT£152,500£150,000-£2,50009 Oct 202327 Feb 2024141 Days
21 Melville Heath, South Woodham Ferrers, Chelmsford, Essex, CM3 5FT£155,000£151,000-£4,00011 Oct 202316 Feb 2024128 Days
13 Pease Place, East Hanningfield, Chelmsford, Essex, CM3 8UZ£170,000£150,000-£20,00003 Oct 202312 Feb 2024132 Days
29 Green Lane, South Woodham Ferrers, Chelmsford, Essex, CM3 5JQ£450,000£450,000£0031 Jul 202309 Feb 2024193 Days
19 Bandhills Close, South Woodham Ferrers, Chelmsford, Essex, CM3 5JW£350,000£350,000£0012 Sep 202309 Feb 2024150 Days
53 King Edwards Road, South Woodham Ferrers, Chelmsford, Essex, CM3 5PH£350,000£345,000-£5,00023 Nov 202307 Feb 202476 Days

Most Expensive Streets in CM3 (Chelmsford)

PostcodeStreetAreaAverageNo. of Sales
CM3 3GZLakeview CrescentChelmsford£1,786,0005
CM3 4UJLitchborough Park, Little BaddowChelmsford£1,430,5004
CM3 4LJHyde Lane, DanburyChelmsford£1,196,7504
CM3 4QXHyde Lane, DanburyChelmsford£1,188,0005
CM3 4NNCopt Hill, DanburyChelmsford£1,150,0003
CM3 4TSHigh Pastures, Little BaddowChelmsford£1,141,2504
CM3 4HGLodge Road, BicknacreChelmsford£1,131,6663
CM3 4SSFir Tree Lane, Little BaddowChelmsford£1,082,8577
CM3 4SYColam Lane, Little BaddowChelmsford£1,072,4874
CM3 4QUHyde Green, DanburyChelmsford£1,048,3333

Least Expensive Streets in CM3 (Chelmsford)

PostcodeStreetAreaAverageNo. of Sales
CM3 5XPAkenfield Close, South Woodham FerrersChelmsford£115,5717
CM3 6GHSt Johns Court, MaylandChelmsford£131,0003
CM3 6TNSt Stephens Court, MallardsChelmsford£147,5717
CM3 3AEShearers Way, BorehamChelmsford£159,85714
CM3 5WFVincent Lodge, Benbow DriveChelmsford£162,7509
CM3 5FTMelville Heath, South Woodham FerrersChelmsford£164,09613
CM3 5ZTTylers Ride, South Woodham FerrersChelmsford£169,26615
CM3 5ZFHaltwhistle Road, South Woodham FerrersChelmsford£171,48013
CM3 5SSAbbotsleigh Road, South Woodham FerrersChelmsford£174,9378
CM3 5NFGuys Farm Road, South Woodham FerrersChelmsford£176,0614

Explore CM3 (Chelmsford) using map

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