# House prices in CM1 1 (Chelmsford)

This article reveals price per square metre data and various charts to help you understand current housing market in Chelmsford (CM1 1).

## Defining 'CM1 1'

This analysis is limited to properties whose postcode starts with "CM1 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Chelmsford.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Chelmsford is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 214 Havencourt, Victoria Road, Chelmsford, sold for £82,000 on Mar-2024. Given the internal area of 49 square metres, the price per sqm is £1,673.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 180 sales in Chelmsford (CM1 1) that took place in the last two years.

##### Distribution of £ per sqm for Chelmsford
Distribution of £ per sqm house prices in Chelmsford

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Chelmsford (CM1 1). Of the 180 transactions, half were sold for between £3,860 and £4,860 per square metre. The median, or 'middle', price per square metre in 'CM1 1' is £4,280. Notably, only 25% of properties that sold recently were valued at more than £4,860 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Chelmsford

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Chelmsford. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Chelmsford

## Comparison with neighbouring postcode sectors

The table below shows how 'CM1 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM1 2 Chelmsford £3,940 sqm £4,460 sqm £5,090 sqm
CM1 1 Chelmsford £3,860 sqm £4,280 sqm £4,860 sqm
CM1 4 Chelmsford £4,040 sqm £4,650 sqm £5,310 sqm
CM1 6 Chelmsford £4,040 sqm £4,630 sqm £5,270 sqm
CM1 3 Writtle £3,760 sqm £4,440 sqm £5,210 sqm
CM1 7 Broomfield £4,060 sqm £4,690 sqm £5,120 sqm

## Will Chelmsford house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for CM1 1 (Chelmsford) compared with both the wider area CM1 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Chelmsford,Chelmsford
House price trends for Chelmsford

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CM1 1 sales
Recent trends for Chelmsford

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Chelmsford to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Chelmsford and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Broomfield Road, Chelmsford, CM1 1S 53 sqm £4,017 38
Bishop Road, Chelmsford, CM1 1P 78 sqm £4,817 22
Durrant Court, Chelmsford, CM1 1U 53 sqm £4,048 22
Rectory Lane, Chelmsford, CM1 1R 85 sqm £3,694 21
Broomfield Road, Chelmsford, CM1 1R 84 sqm £3,824 20
Burgess Springs, Chelmsford, CM1 1Q 65 sqm £2,649 19
Victoria Court, Chelmsford, CM1 1G 66 sqm £3,840 18
Coval Lane, Chelmsford, CM1 1T 69 sqm £3,833 15

Search for your street here.

## New build activity

Street Avg size Avg £sqm New build sales
Railway Street, Chelmsford, CM1 1Q 68 sqm £4,538 12

Railway Street, Chelmsford, CM1 1Q has seen 12 new build sales in the last 4 years (average price £314,382). These new build homes typically have an internal area of 68 sqm, with an average price of £4,538 sqm. This £sqm average is £258 above the average for CM1 1. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Chelmsford is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address Paid sqm £/sqm
214 Havencourt, Victoria Rd, Chelmsford £82,000
Mar-2024
49 1,673
8, Coval Avenue, Chelmsford £470,000
Mar-2024
95 4,947
Flat 1 6a, Broomfield Rd, Chelmsford £170,000
Feb-2024
41 4,146