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Galleywood House Prices Galleywood House Prices

The average house price in Galleywood is £366,500 using HM Land Registry data.

The average property price increased by £46,095 (11.67%) over the last 5 years and increased by £9,213 (2.13%) over the last 12 months.

Over the last year, there were 48 residential property sales – a decrease of 18 transactions (-37.50%) relative to the previous year. The majority of house sales (16) were in the £350,000 - £430,000 range. Then came properties in the £270,000 - £350,000 range, where 8 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 35 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,457 (-2%).

In April 2024, there were 17 new estate agency instructions, 11 agreed home sales and 8 property price reductions.

Neighbouring Areas: Chelmsford

Postcodes Covered: CM1, CM2

5-Year Average Property Prices in Galleywood

11.67%

Property prices in Galleywood increased by 11.67% 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

2.13%

Property prices in Galleywood increased by 2.13% 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 Galleywood - 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
24 Walters Close, Chelmsford, Essex, CM2 8NU£425,000£408,500-£16,50024 Oct 202326 Jan 202494 Days
8 Rignals Lane, Chelmsford, Essex, CM2 8QT£500,000£425,000-£75,00009 Jun 202305 Jan 2024210 Days
12 Ketleys, Chelmsford, Essex, CM2 8YL£425,000£415,000-£10,00011 May 202311 Dec 2023214 Days
15 Brook Lane, Galleywood, Chelmsford, Essex, CM2 8NL£550,000£507,500-£42,50025 May 202304 Dec 2023193 Days
20 Glebe View, Chelmsford, Essex, CM2 8PZ£325,000£315,000-£10,00002 Oct 202301 Dec 202360 Days
63 Keene Way, Chelmsford, Essex, CM2 8NT£450,000£440,000-£10,00022 May 202320 Nov 2023182 Days
15 Archers Way, Chelmsford, Essex, CM2 8SB£200,000£180,000-£20,00008 Sep 202217 Nov 2023435 Days
10 Grey Ladys, Chelmsford, Essex, CM2 8RB£595,000£595,000£0024 May 202317 Nov 2023177 Days
15 Barnard Road, Chelmsford, Essex, CM2 8RR£350,000£350,000£0005 Apr 202302 Nov 2023211 Days
14 Keene Way, Chelmsford, Essex, CM2 8NT£425,000£425,000£0015 May 202327 Oct 2023165 Days
11 Ketleys, Chelmsford, Essex, CM2 8YL£350,000£345,000-£5,00027 Sep 202328 Sep 20231 Days
90 Cannon Leys, Chelmsford, Essex, CM2 8PD£425,000£420,000-£5,00025 Apr 202319 Sep 2023147 Days
27 Moretons, Galleywood, Chelmsford, Essex, CM2 8RG£550,000£550,000£0014 Apr 202315 Sep 2023154 Days
221 Barnard Road, Chelmsford, Essex, CM2 8RU£200,000£200,000£0019 Feb 202314 Sep 2023207 Days
50 Well Lane, Galleywood, Chelmsford, Essex, CM2 8QZ£550,000£520,000-£30,00007 Feb 202317 Aug 2023191 Days
25 Galleydene Avenue, Chelmsford, Essex, CM2 8RY£325,000£310,000-£15,00020 May 202304 Aug 202376 Days
3 Braziers Close, Chelmsford, Essex, CM2 8YJ£525,000£515,000-£10,00010 Mar 202319 Jul 2023131 Days
6 Walters Close, Chelmsford, Essex, CM2 8NU£425,000£425,000£0010 Feb 202303 Jul 2023143 Days
400 Beehive Lane, Chelmsford, Essex, CM2 8RJ£800,000£775,000-£25,00027 Feb 202330 Jun 2023123 Days
32 Cannon Leys, Chelmsford, Essex, CM2 8PD£450,000£430,000-£20,00029 Apr 202329 Jun 202361 Days

Most Expensive Streets in Galleywood

PostcodeStreetAreaAverageNo. of Sales
CM2 8NNBrook LaneGalleywood£900,0003
CM2 8RJBeehive LaneChelmsford£778,3333
CM2 8QGPyne GateGalleywood£686,2504
CM2 8QURignals LaneChelmsford£666,6663
CM2 8RQPavitt MeadowGalleywood£575,8005
CM2 8QPPonds RoadChelmsford£572,5004
CM2 8TZBirches WalkGalleywood£565,7504
CM2 8QYWell LaneGalleywood£542,1005
CM2 8NYLyon CloseChelmsford£539,6663
CM2 8RBGrey LadysChelmsford£536,6663

Least Expensive Streets in Galleywood

PostcodeStreetAreaAverageNo. of Sales
CM2 8SNHomemeadGalleywood£181,2504
CM2 8SRBarnard RoadChelmsford£183,7504
CM2 8SHSpring RiseChelmsford£200,1254
CM2 8RUBarnard RoadChelmsford£209,4005
CM2 8SBArchers WayChelmsford£236,77211
CM2 8SDArchers WayChelmsford£244,3336
CM2 8RSBarnard RoadChelmsford£267,6663
CM2 8RZMarkland CloseChelmsford£272,5004
CM2 8SAPryors RoadGalleywood£275,04112
CM2 8SEHoublon DriveChelmsford£293,6254

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