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Chelmsford House Prices Chelmsford House Prices

The average house price in Chelmsford is £368,790 using HM Land Registry data.

The average property price increased by £45,854 (12.3%) over the last 5 years and increased by £9,167 (2.24%) over the last 12 months.

Over the last year, there were 1,221 residential property sales – a decrease of 662 transactions (-54.22%) relative to the previous year. The majority of house sales (294) were in the £368,000 - £452,000 range. Then came properties in the £284,000 - £368,000 range, where 264 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 96 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,895 (-2%).

In Oct 24, there were 255 new estate agency instructions, 213 agreed home sales and 150 property price reductions.

Neighbouring Areas: Galleywood

Postcodes Covered: CM1, CM2, CM3

5-Year Average Property Prices in Chelmsford

12.3%

Property prices in Chelmsford increased by 12.3% 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 Chelmsford Over the Last Year

2.24%

Property prices in Chelmsford increased by 2.24% 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 Chelmsford - Oct 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 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 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 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 Chelmsford since 1995

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

Recent Property Sales in Chelmsford

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Main Road, Broomfield, Chelmsford, Essex, CM1 7BU£350,000£350,000£0008 Mar 202416 Aug 2024161 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
80 Nalla Gardens, Chelmsford, Essex, CM1 4AX£550,000£545,000-£5,00029 Feb 202409 Aug 2024162 Days
52 Mendip Road, Chelmsford, Essex, CM1 2HP£325,000£325,000£0020 Apr 202409 Aug 2024111 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
122 Beardsley Drive, Chelmsford, Essex, CM1 6ZG£485,000£473,000-£12,00020 Nov 202308 Aug 2024262 Days
84 Petunia Crescent, Chelmsford, Essex, CM1 6YR£375,000£368,000-£7,00006 Apr 202405 Aug 2024121 Days
40 Tythe Close, Chelmsford, Essex, CM1 6SU£350,000£345,000-£5,00012 Feb 202402 Aug 2024172 Days
51 Town Croft, Chelmsford, Essex, CM1 4JX£400,000£399,999-£0118 Apr 202401 Aug 2024105 Days
7 The Green, Chelmsford, Essex, CM1 2BQ£300,000£290,000-£10,00003 Apr 202431 Jul 2024119 Days
26 Medway Close, Chelmsford, Essex, CM1 2LH£450,000£420,000-£30,00030 Jul 202430 Jul 20240 Days
10 Burton Place, Chelmsford, Essex, CM2 6TY£375,000£375,000£0025 May 202430 Jul 202466 Days
41 Rainsford Lane, Chelmsford, Essex, CM1 2QS£450,000£450,000£0020 Feb 202429 Jul 2024160 Days
26 Tamar Rise, Chelmsford, Essex, CM1 7QN£230,000£225,000-£5,00027 Mar 202426 Jul 2024121 Days
68 Crompton Street, Chelmsford, Essex, CM1 3GP£425,000£407,000-£18,00028 Mar 202426 Jul 2024120 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

Most Expensive Streets in Chelmsford

PostcodeStreetAreaAverageNo. of Sales
CM3 3GZLakeview CrescentChelmsford£1,786,0005
CM1 6BGShardelow AvenueSpringfield£1,468,7504
CM2 9AQMoulsham StreetChelmsford£1,090,0003
CM1 7FEPearson GroveChelmsford£1,053,3333
CM1 6BESidney PlaceSpringfield£1,006,0005
CM2 9AWLinks DriveChelmsford£992,3758
CM2 0ARNew London RoadChelmsford£986,6663
CM2 8DNGalleywood RoadGreat Baddow£958,7504
CM1 6BDBillers ChaseSpringfield£925,0004
CM2 6BTTyrells CloseChelmsford£913,9166

Least Expensive Streets in Chelmsford

PostcodeStreetAreaAverageNo. of Sales
CM1 1GRWells CrescentViaduct Road£92,3004
CM1 2FZPrimula CourtPrimrose Hill£99,8217
CM1 4ESWingrove CourtBroomfield Road£101,7504
CM1 4XENicholas CourtChelmsford£109,6874
CM1 6ZEConstable ViewChelmsford£112,0836
CM1 1JBEccles CourtBurgess Springs£113,0005
CM1 1EAHavencourtVictoria Road£115,54112
CM2 6GBTownsendSpringfield£127,4064
CM2 0HFGladstone CourtChelmsford£136,7504
CM2 6JQBalmoral CourtSpringfield Road£143,76913

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