Chelmsford House Prices Chelmsford House Prices

The average house price in Chelmsford is £367,174 using HM Land Registry data.

The average property price increased by £46,207 (12.41%) over the last 5 years and increased by £9,238 (2.26%) over the last 12 months.

Over the last year, there were 1,126 residential property sales – a decrease of 703 transactions (-62.43%) relative to the previous year. The majority of house sales (274) were in the £362,000 - £448,000 range. Then came properties in the £276,000 - £362,000 range, where 232 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,895 (-2%).

In June 2024, there were 294 new estate agency instructions, 178 agreed home sales and 148 property price reductions.

5-Year Average Property Prices in Chelmsford

12.41%

Property prices in Chelmsford increased by 12.41% 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

2.26%

Property prices in Chelmsford increased by 2.26% 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 - June 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
45 Cusak Road, Chelmer Village, Chelmsford, Essex, CM2 6XH£325,000£325,000£0027 Nov 202320 May 2024175 Days
2 Pollards Green, Chelmsford, Essex, CM2 6UH£570,000£570,000£0018 Mar 202417 May 202460 Days
18 Riffhams Drive, Great Baddow, Chelmsford, Essex, CM2 7DD£425,000£420,000-£5,00004 Jan 202413 May 2024130 Days
24 Martingale Drive, Chelmsford, Essex, CM1 6FN£350,000£335,000-£15,00010 Jan 202410 May 2024121 Days
10 Wilshire Avenue, Springfield, Chelmsford, Essex, CM2 6QW£400,000£397,500-£2,50015 Nov 202310 May 2024177 Days
72 Sidmouth Road, Chelmsford, Essex, CM1 6LS£410,000£400,000-£10,00017 Jan 202409 May 2024113 Days
85 Waveney Drive, Chelmsford, Essex, CM1 7PZ£230,000£230,000£0025 Sep 202303 May 2024221 Days
31 Lupin Drive, Chelmsford, Essex, CM1 6YJ£195,000£188,000-£7,00027 Oct 202303 May 2024189 Days
40 Ash Grove, Chelmsford, Essex, CM2 9JT£400,000£390,000-£10,00002 Nov 202303 May 2024183 Days
76 Goshawk Drive, Chelmsford, Essex, CM2 8XP£360,000£355,000-£5,00004 Mar 202403 May 202460 Days
54 Clyde Crescent, Chelmsford, Essex, CM1 2LL£350,000£345,000-£5,00025 Jan 202402 May 202498 Days
Flat 214, Balmoral Court, Springfield Road, Chelmsford, Essex, CM2 6JQ£152,000£148,000-£4,00021 Sep 202329 Apr 2024221 Days
46 Mildmay Road, Chelmsford, Essex, CM2 0DZ£400,000£400,000£0008 Jan 202426 Apr 2024109 Days
24 Aubrey Close, Chelmsford, Essex, CM1 4EJ£560,000£550,500-£9,50001 Nov 202325 Apr 2024176 Days
58 Vicarage Lane, Great Baddow, Chelmsford, Essex, CM2 8HY£675,000£660,000-£15,00009 Nov 202325 Apr 2024168 Days
87 Bishop Road, Chelmsford, Essex, CM1 1QA£400,000£380,000-£20,00002 Jan 202424 Apr 2024113 Days
26a, Third Avenue, Chelmsford, Essex, CM1 4EY£295,000£290,000-£5,00013 Nov 202315 Apr 2024154 Days
43 Primrose Hill, Chelmsford, Essex, CM1 2RH£375,000£360,000-£15,00002 Jan 202412 Apr 2024101 Days
189 Upper Bridge Road, Chelmsford, Essex, CM2 0AY£375,000£368,000-£7,00026 Oct 202309 Apr 2024166 Days
4 Turkey Oaks, Chelmsford, Essex, CM1 7SR£350,000£343,000-£7,00023 Nov 202305 Apr 2024134 Days

Most Expensive Streets in Chelmsford

PostcodeStreetAreaAverageNo. of Sales
CM3 3GZLakeview CrescentChelmsford£1,786,0005
CM1 6BGShardelow AvenueSpringfield£1,335,8336
CM1 7FEPearson GroveChelmsford£1,053,3333
CM1 6BESidney PlaceSpringfield£1,006,0005
CM2 0ARNew London RoadChelmsford£986,6663
CM2 9AWLinks DriveChelmsford£979,8889
CM1 7SLGreen CloseChelmsford£941,6663
CM2 0JWMoulsham StreetChelmsford£920,0004
CM2 6BTTyrells CloseChelmsford£913,9166
CM2 8DJGalleywood RoadGreat Baddow£908,3333

Least Expensive Streets in Chelmsford

PostcodeStreetAreaAverageNo. of Sales
CM1 1GRWells CrescentViaduct Road£92,3004
CM1 2FZPrimula CourtPrimrose Hill£100,4688
CM1 4ESWingrove CourtBroomfield Road£101,7504
CM1 6ZEConstable ViewChelmsford£109,6505
CM1 4XENicholas CourtChelmsford£109,6874
CM1 1JBEccles CourtBurgess Springs£113,0005
CM1 1EAHavencourtVictoria Road£117,82114
CM2 0HFGladstone CourtChelmsford£136,7504
CM1 1QNNewcombe CourtBurgess Springs£142,87510
CM2 7QNThe VineyardsGreat Baddow£149,9166

Explore Chelmsford and Neighbouring Area House Prices