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Galleywood House Prices

The average house price in Galleywood is £335,000 using HM Land Registry data.

The average property price increased by £18,754 (4.59%) over the last 5 years and increased by £3,749 (0.88%) over the last 12 months.

Over the last year, there were 58 residential property sales – a decrease of 14 transactions (-24.14%) relative to the previous year. The majority of house sales (14) were in the £340,000 - £410,000 range. Then came properties in the £410,000 - £480,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,457 (-2%).

In Oct 24, there were 13 new estate agency instructions, 12 agreed home sales and 7 property price reductions.

5-Year Average Property Prices in Galleywood

4.59%

Property prices in Galleywood increased by 4.59% 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 Galleywood Over the Last Year

0.88%

Property prices in Galleywood increased by 0.88% 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.

Property Market Heat Gauge for Galleywood - 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 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 Galleywood

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 Galleywood

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 Galleywood

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 Galleywood since 1995

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

Recent Property Sales in Galleywood

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
6 Grey Ladys, Chelmsford, Essex, CM2 8RB	£600,000	£575,000	-£25,000	07 Mar 2024	18 Jul 2024	133 Days
94 West Lawn, Chelmsford, Essex, CM2 8SL	£350,000	£350,000	£00	02 Jan 2024	18 Jul 2024	198 Days
50 Pryors Road, Galleywood, Chelmsford, Essex, CM2 8SA	£325,000	£325,000	£00	02 Jan 2024	30 Apr 2024	119 Days
10 Walters Close, Chelmsford, Essex, CM2 8NU	£390,000	£385,000	-£5,000	13 Oct 2023	15 Mar 2024	154 Days
89 Well Lane, Galleywood, Chelmsford, Essex, CM2 8QZ	£525,000	£520,000	-£5,000	08 Sep 2023	08 Mar 2024	182 Days
17 Walters Close, Chelmsford, Essex, CM2 8NU	£415,000	£410,000	-£5,000	30 Aug 2023	19 Feb 2024	173 Days
43 Parklands Way, Galleywood, Chelmsford, Essex, CM2 8SF	£275,000	£260,000	-£15,000	24 Oct 2023	07 Feb 2024	106 Days
24 Walters Close, Chelmsford, Essex, CM2 8NU	£425,000	£408,500	-£16,500	24 Oct 2023	26 Jan 2024	94 Days
2 Braziers Close, Chelmsford, Essex, CM2 8YJ	£500,000	£480,000	-£20,000	08 Sep 2023	16 Jan 2024	130 Days
8 Rignals Lane, Chelmsford, Essex, CM2 8QT	£500,000	£425,000	-£75,000	09 Jun 2023	05 Jan 2024	210 Days
16 Bullen Walk, Chelmsford, Essex, CM2 8YF	£350,000	£345,000	-£5,000	07 Sep 2023	15 Dec 2023	99 Days
12 Ketleys, Chelmsford, Essex, CM2 8YL	£425,000	£415,000	-£10,000	11 May 2023	11 Dec 2023	214 Days
15 Brook Lane, Galleywood, Chelmsford, Essex, CM2 8NL	£550,000	£507,500	-£42,500	25 May 2023	04 Dec 2023	193 Days
20 Glebe View, Chelmsford, Essex, CM2 8PZ	£325,000	£315,000	-£10,000	02 Oct 2023	01 Dec 2023	60 Days
63 Keene Way, Chelmsford, Essex, CM2 8NT	£450,000	£440,000	-£10,000	22 May 2023	20 Nov 2023	182 Days
15 Archers Way, Chelmsford, Essex, CM2 8SB	£200,000	£180,000	-£20,000	08 Sep 2022	17 Nov 2023	435 Days
10 Grey Ladys, Chelmsford, Essex, CM2 8RB	£595,000	£595,000	£00	24 May 2023	17 Nov 2023	177 Days
15 Barnard Road, Chelmsford, Essex, CM2 8RR	£350,000	£350,000	£00	05 Apr 2023	02 Nov 2023	211 Days
14 Keene Way, Chelmsford, Essex, CM2 8NT	£425,000	£425,000	£00	15 May 2023	27 Oct 2023	165 Days
11 Ketleys, Chelmsford, Essex, CM2 8YL	£350,000	£345,000	-£5,000	27 Sep 2023	28 Sep 2023	1 Days

Most Expensive Streets in Galleywood

Postcode	Street	Area	Average	No. of Sales
CM2 8RJ	Beehive Lane	Chelmsford	£778,333	3
CM2 8QG	Pyne Gate	Galleywood	£686,250	4
CM2 8QU	Rignals Lane	Chelmsford	£666,666	3
CM2 8RQ	Pavitt Meadow	Galleywood	£590,666	6
CM2 8QT	Rignals Lane	Chelmsford	£563,792	7
CM2 8TZ	Birches Walk	Galleywood	£559,600	5
CM2 8RB	Grey Ladys	Chelmsford	£546,250	4
CM2 8NY	Lyon Close	Chelmsford	£539,666	3
CM2 8NJ	Brook Lane	Galleywood	£505,666	3
CM2 8NH	Watchouse Road	Chelmsford	£501,666	3

Least Expensive Streets in Galleywood

Postcode	Street	Area	Average	No. of Sales
CM2 8SN	Homemead	Galleywood	£156,666	3
CM2 8SR	Barnard Road	Chelmsford	£183,750	4
CM2 8SH	Spring Rise	Chelmsford	£207,000	4
CM2 8RU	Barnard Road	Chelmsford	£209,400	5
CM2 8SD	Archers Way	Chelmsford	£232,125	4
CM2 8SB	Archers Way	Chelmsford	£236,772	11
CM2 8YG	Moss Path	Galleywood	£253,333	3
CM2 8RZ	Markland Close	Chelmsford	£263,333	3
CM2 8SA	Pryors Road	Galleywood	£280,772	11
CM2 8RS	Barnard Road	Chelmsford	£297,000	4