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Chelmsford House Prices Chelmsford House Prices

The average house price in Chelmsford is £367,084 using HM Land Registry data.

The average property price increased by £53,835 (14.68%) over the last 5 years and increased by £10,760 (2.62%) over the last 12 months.

Over the last year, there were 1,162 residential property sales – a decrease of 697 transactions (-59.98%) relative to the previous year. The majority of house sales (293) were in the £366,000 - £454,000 range. Then came properties in the £278,000 - £366,000 range, where 237 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 71 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,895 (-2%).

In April 2024, there were 288 new estate agency instructions, 189 agreed home sales and 178 property price reductions.

Neighbouring Areas: Galleywood

Postcodes Covered: CM1, CM2, CM3

5-Year Average Property Prices in Chelmsford

14.68%

Property prices in Chelmsford increased by 14.68% 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

2.62%

Property prices in Chelmsford increased by 2.62% 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 - April 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 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
411a, Baddow Road, Chelmsford, Essex, CM2 7QL£550,000£550,000£0005 Oct 202322 Mar 2024169 Days
8 Coval Avenue, Chelmsford, Essex, CM1 1TF£475,000£470,000-£5,00026 Dec 202314 Mar 202479 Days
37 The Dell, Great Baddow, Chelmsford, Essex, CM2 7JY£400,000£400,000£0030 Nov 202312 Mar 2024103 Days
Flat 18, Roberts Court, Baddow Road, Chelmsford, Essex, CM2 9RQ£150,000£140,000-£10,00004 Jan 202408 Mar 202464 Days
81 Cornelius Vale, Chelmsford, Essex, CM2 6GY£385,000£380,000-£5,00009 Oct 202308 Mar 2024151 Days
9 Braemar Avenue, Chelmsford, Essex, CM2 9PN£750,000£740,000-£10,00002 Oct 202323 Feb 2024144 Days
86 Bramwoods Road, Chelmsford, Essex, CM2 7LT£375,000£373,000-£2,00003 Apr 202316 Feb 2024319 Days
70 Bramwoods Road, Chelmsford, Essex, CM2 7LT£375,000£370,000-£5,00014 Sep 202316 Feb 2024155 Days
41 New Writtle Street, Chelmsford, Essex, CM2 0SB£350,000£340,000-£10,00020 Aug 202309 Feb 2024173 Days
45 Hillary Close, Chelmsford, Essex, CM1 7RP£475,000£467,500-£7,50006 Nov 202308 Feb 202494 Days
82 Avon Road, Chelmsford, Essex, CM1 2JZ£240,000£236,000-£4,00006 Sep 202302 Feb 2024149 Days
48 Cusak Road, Chelmer Village, Chelmsford, Essex, CM2 6XH£325,000£325,000£0031 Aug 202302 Feb 2024155 Days
49 Berwick Avenue, Chelmsford, Essex, CM1 4AW£400,000£378,000-£22,00021 Oct 202301 Feb 2024103 Days
18 Kelvedon Close, Chelmsford, Essex, CM1 4DG£260,000£245,000-£15,00001 Mar 202331 Jan 2024336 Days
1 Hyacinth Court, Chelmsford, Essex, CM1 6XQ£330,000£325,000-£5,00021 Nov 202331 Jan 202471 Days
9 Heathfield Road, Chelmsford, Essex, CM1 7BZ£375,000£364,000-£11,00021 Aug 202330 Jan 2024162 Days
40 Godfreys Mews, Chelmsford, Essex, CM2 0XE£185,000£180,000-£5,00004 Oct 202330 Jan 2024118 Days
34 Micawber Way, Chelmsford, Essex, CM1 4UE£595,000£587,500-£7,50013 Sep 202319 Jan 2024128 Days
125 Springfield Park Road, Chelmsford, Essex, CM2 6EE£365,000£350,500-£14,50028 Jul 202319 Jan 2024175 Days
47a, Brook End Road South, Chelmsford, Essex, CM2 6NZ£350,000£350,000£0024 Aug 202318 Jan 2024147 Days

Most Expensive Streets in Chelmsford

PostcodeStreetAreaAverageNo. of Sales
CM3 3GZLakeview CrescentChelmsford£1,786,0005
CM1 6BGShardelow AvenueSpringfield£1,323,5717
CM1 7FEPearson GroveChelmsford£1,053,3333
CM1 6BESidney PlaceSpringfield£1,006,0005
CM2 0ARNew London RoadChelmsford£986,6663
CM2 9AWLinks DriveChelmsford£969,90010
CM2 6BTTyrells CloseChelmsford£964,7005
CM2 0JWMoulsham StreetChelmsford£920,0004
CM2 8DJGalleywood RoadGreat Baddow£908,3333
CM1 6BDBillers ChaseSpringfield£903,3333

Least Expensive Streets in Chelmsford

PostcodeStreetAreaAverageNo. of Sales
CM1 1GRWells CrescentViaduct Road£92,3004
CM1 2FZPrimula CourtPrimrose Hill£100,4688
CM1 6ZEConstable ViewChelmsford£109,6505
CM1 4ESWingrove CourtBroomfield Road£110,0003
CM1 1JBEccles CourtBurgess Springs£113,0005
CM1 4XENicholas CourtChelmsford£117,0004
CM1 1EAHavencourtVictoria Road£119,96615
CM2 0HFGladstone CourtChelmsford£136,7504
CM2 7QNThe VineyardsGreat Baddow£149,9166
CM2 0UTAlbion CourtChelmsford£153,36311

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