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House Prices in CM3 House Prices in CM3 (Chelmsford)

The average house price in CM3 (Chelmsford) is £429,967 using HM Land Registry data.

The average property price increased by £91,814 (19.56%) over the last 5 years and increased by £18,396 (3.09%) over the last 12 months.

Over the last year, there were 490 residential property sales – a decrease of 205 transactions (-41.84%) relative to the previous year. The majority of house sales (132) were in the £328,000 - £446,000 range. Then came properties in the £446,000 - £564,000 range, where 103 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 129 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,201 (-2%).

In Dec 24, there were 77 new estate agency instructions, 51 agreed home sales and 27 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) - 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 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
112 Celeborn Street, South Woodham Ferrers, Chelmsford, Essex, CM3 7AW£750,000£750,000£0022 May 202422 Nov 2024184 Days
44 Gladden Fields, South Woodham Ferrers, Chelmsford, Essex, CM3 7AH£590,000£575,000-£15,00009 Feb 202422 Nov 2024287 Days
2 Akenfield Close, South Woodham Ferrers, Chelmsford, Essex, CM3 5XP£350,000£335,000-£15,00018 Jul 202420 Nov 2024125 Days
8 St Stephens Road, Cold Norton, Chelmsford, Essex, CM3 6JE£650,000£642,000-£8,00014 Jun 202419 Nov 2024158 Days
48 North Drive, Mayland, Chelmsford, Essex, CM3 6AG£375,000£300,000-£75,00010 Jul 202415 Nov 2024128 Days
9 Thornborough Avenue, South Woodham Ferrers, Chelmsford, Essex, CM3 5FN£265,000£260,000-£5,00013 May 202413 Nov 2024184 Days
5 Rye Close, Hatfield Peverel, Chelmsford, Essex, CM3 2LN£425,000£425,000£0030 Apr 202411 Nov 2024195 Days
17 Saltcoats, South Woodham Ferrers, Chelmsford, Essex, CM3 5LE£450,000£425,000-£25,00020 May 202408 Nov 2024172 Days
20 Jubilee Rise, Danbury, Chelmsford, Essex, CM3 4JA£315,000£310,000-£5,00009 Jul 202408 Nov 2024122 Days
23 Gimli Watch, South Woodham Ferrers, Chelmsford, Essex, CM3 5LD£475,000£470,000-£5,00006 Mar 202307 Nov 2024612 Days
24 Abbotsleigh Road, South Woodham Ferrers, Chelmsford, Essex, CM3 5SS£215,000£212,500-£2,50010 Jun 202407 Nov 2024150 Days
40 The Grove, Bicknacre, Chelmsford, Essex, CM3 4XB£400,000£390,000-£10,00022 Apr 202406 Nov 2024198 Days
37 Rumsey Fields, Danbury, Chelmsford, Essex, CM3 4RH£189,950£182,500-£7,45001 May 202415 Aug 2024106 Days
256 Hullbridge Road, South Woodham Ferrers, Chelmsford, Essex, CM3 5LW£455,000£445,000-£10,00004 Oct 202309 Aug 2024310 Days
10 Abbotsleigh Road, South Woodham Ferrers, Chelmsford, Essex, CM3 5SS£200,000£195,000-£5,00013 Mar 202408 Aug 2024148 Days
25 Pedlars Close, Danbury, Chelmsford, Essex, CM3 4JE£325,000£320,000-£5,00016 Mar 202408 Aug 2024145 Days
3 Longhams Drive, South Woodham Ferrers, Chelmsford, Essex, CM3 5NN£420,000£420,000£0015 Feb 202407 Aug 2024174 Days
11 Ashley Green, East Hanningfield, Chelmsford, Essex, CM3 8AY£380,000£365,000-£15,00016 Apr 202406 Aug 2024112 Days
30 Castle Close, Great Leighs, Chelmsford, Essex, CM3 1NQ£310,000£300,000-£10,00023 Aug 202302 Aug 2024345 Days
Creephedge House, Creephedge Lane, East Hanningfield, Chelmsford, Essex, CM3 8BP£1,100,000£1,050,000-£50,00021 Sep 202301 Aug 2024315 Days

Most Expensive Streets in CM3 (Chelmsford)

PostcodeStreetAreaAverageNo. of Sales
CM3 3GZLakeview CrescentChelmsford£1,786,0005
CM3 4UJLitchborough Park, Little BaddowChelmsford£1,407,3333
CM3 4LJHyde Lane, DanburyChelmsford£1,360,0003
CM3 4QXHyde Lane, DanburyChelmsford£1,194,1666
CM3 4NNCopt Hill, DanburyChelmsford£1,150,0003
CM3 4SYColam Lane, Little BaddowChelmsford£1,149,9833
CM3 4TSHigh Pastures, Little BaddowChelmsford£1,141,2504
CM3 4HGLodge Road, BicknacreChelmsford£1,131,6663
CM3 4DNColemans Lane, DanburyChelmsford£1,120,0003
CM3 4SSFir Tree Lane, Little BaddowChelmsford£1,080,1427

Least Expensive Streets in CM3 (Chelmsford)

PostcodeStreetAreaAverageNo. of Sales
CM3 2SDHaven Court, Hatfield PeverelChelmsford£131,6663
CM3 6TNSt Stephens Court, MallardsChelmsford£151,6005
CM3 3AEShearers Way, BorehamChelmsford£156,91612
CM3 5XPAkenfield Close, South Woodham FerrersChelmsford£164,8005
CM3 5WFVincent Lodge, Benbow DriveChelmsford£164,93111
CM3 5FTMelville Heath, South Woodham FerrersChelmsford£165,90010
CM3 5ZFHaltwhistle Road, South Woodham FerrersChelmsford£168,18712
CM3 5ZTTylers Ride, South Woodham FerrersChelmsford£168,57114
CM3 5SSAbbotsleigh Road, South Woodham FerrersChelmsford£171,10010
CM3 5NFGuys Farm Road, South Woodham FerrersChelmsford£176,0614

Explore CM3 (Chelmsford) using map

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