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House Prices in CM1 House Prices in CM1 (Chelmsford)

The average house price in CM1 (Chelmsford) is £384,306 using HM Land Registry data.

The average property price increased by £21,468 (19.08%) over the last 5 years and increased by £4,300 (3.02%) over the last 12 months.

Over the last year, there were 658 residential property sales – a decrease of 155 transactions (-23.56%) relative to the previous year. The majority of house sales (188) were in the £286,000 - £372,000 range. Then came properties in the £372,000 - £458,000 range, where 143 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 181 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,981 (-2%).

In January 2025, there were 150 new estate agency instructions, 128 agreed home sales and 90 property price reductions.

Nearby Postcodes: CB10, CB11, CM0, CM11, CM12, CM13, CM14, CM15, CM16, CM17, CM18, CM19, CM2, CM20, CM21, CM22, CM23, CM24, CM3, CM4, CM5, CM6, CM7, 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 CM1 (Chelmsford)

19.08%

Property prices in CM1 (Chelmsford) increased by 19.08% 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 CM1 (Chelmsford) Over the Last Year

3.02%

Property prices in CM1 (Chelmsford) increased by 3.02% 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 CM1 (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 CM1 (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 CM1 (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 CM1 (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 CM1 (Chelmsford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CM1 postcode area since 1995.

Recent Sales in CM1 (Chelmsford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
202 Rainsford Road, Chelmsford, Essex, CM1 2PD£325,000£304,000-£21,00013 Aug 202419 Dec 2024128 Days
40 School Lane, Broomfield, Chelmsford, Essex, CM1 7DR£435,000£420,000-£15,00006 Jun 202418 Dec 2024195 Days
159 Hill View Road, Chelmsford, Essex, CM1 7RZ£450,000£427,500-£22,50027 Jun 202416 Dec 2024172 Days
76 Parkinson Drive, Chelmsford, Essex, CM1 3GH£220,000£217,500-£2,50008 Jun 202413 Dec 2024188 Days
8 Waterhouse Lane, Chelmsford, Essex, CM1 2TF£300,000£285,000-£15,00006 Feb 202413 Dec 2024311 Days
9 Forefield Green, Chelmsford, Essex, CM1 6YU£400,000£395,000-£5,00002 May 202411 Dec 2024223 Days
20 Canterbury Way, Chelmsford, Essex, CM1 2XN£650,000£620,000-£30,00004 Jan 202411 Dec 2024342 Days
1 Butlers Close, Chelmsford, Essex, CM1 7BE£750,000£723,000-£27,00007 Jun 202410 Dec 2024186 Days
64 Second Avenue, Chelmsford, Essex, CM1 4EU£650,000£645,000-£5,00017 May 202406 Dec 2024203 Days
96 Waveney Drive, Chelmsford, Essex, CM1 7QA£400,000£380,000-£20,00029 Jul 202405 Dec 2024129 Days
143a, Main Road, Broomfield, Chelmsford, Essex, CM1 7DJ£500,000£475,000-£25,00027 Aug 202421 Nov 202486 Days
5 Orford Crescent, Chelmsford, Essex, CM1 7NY£470,000£460,000-£10,00012 Aug 202415 Nov 202495 Days
15 Hill View Road, Chelmsford, Essex, CM1 7RS£400,000£395,000-£5,00015 Apr 202414 Nov 2024213 Days
6 Arbour Lane, Chelmsford, Essex, CM1 7RG£315,000£309,000-£6,00016 Apr 202413 Nov 2024211 Days
8 Albemarle Link, Springfield, Chelmsford, Essex, CM1 6AG£499,995£475,000-£24,99522 Mar 202411 Nov 2024234 Days
Great Newarks, Newarks Road, Good Easter, Chelmsford, Essex, CM1 4SA£2,100,000£2,010,000-£90,00017 Jun 202408 Nov 2024144 Days
Flat 11, Spalding Court, Cedar Avenue, Chelmsford, Essex, CM1 2UZ£120,000£108,000-£12,00005 Sep 202207 Nov 2024794 Days
282 Broomfield Road, Chelmsford, Essex, CM1 4DY£475,000£465,000-£10,00030 Apr 202401 Nov 2024185 Days
55 Longacre, Chelmsford, Essex, CM1 3BJ£540,000£520,000-£20,00026 Jul 202331 Oct 2024463 Days
9 Jubilee Avenue, Broomfield, Chelmsford, Essex, CM1 7HE£450,000£450,000£002 Apr 202421 Aug 2024141 Days

Most Expensive Streets in CM1 (Chelmsford)

PostcodeStreetAreaAverageNo. of Sales
CM1 6BGShardelow Avenue, SpringfieldChelmsford£1,468,7504
CM1 3FFWoodland Way, Edney CommonChelmsford£1,365,0003
CM1 3RFNathans Lane, WrittleChelmsford£1,099,4005
CM1 4LGChalk End, RoxwellChelmsford£1,080,0003
CM1 6BESidney Place, SpringfieldChelmsford£1,075,0004
CM1 7FEPearson GroveChelmsford£1,053,3333
CM1 4TZChignal St JamesChelmsford£1,030,0003
CM1 3SFThe Paddocks, Newney GreenChelmsford£1,025,8956
CM1 2PTValletta CloseChelmsford£990,0003
CM1 6BDBillers Chase, SpringfieldChelmsford£966,6663

Least Expensive Streets in CM1 (Chelmsford)

PostcodeStreetAreaAverageNo. of Sales
CM1 1AQCunard SquareChelmsford£91,2503
CM1 1GRWells Crescent, Viaduct RoadChelmsford£92,3004
CM1 4ESWingrove Court, Broomfield RoadChelmsford£106,4005
CM1 4XENicholas CourtChelmsford£111,7505
CM1 1EAHavencourt, Victoria RoadChelmsford£112,00012
CM1 6ZEConstable ViewChelmsford£112,0836
CM1 2FZPrimula Court, Primrose HillChelmsford£112,3438
CM1 1JBEccles Court, Burgess SpringsChelmsford£113,0005
CM1 2UZSpalding Court, Cedar AvenueChelmsford£148,1669
CM1 1QNNewcombe Court, Burgess SpringsChelmsford£152,98013

Explore CM1 (Chelmsford) using map

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