House prices in CM1 2 (Chelmsford)

This article reveals price per square foot data and various charts to help you understand current housing market in 'CM1 2' (Chelmsford) - statistics were last calculated on 30 August 2024.

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Defining 'CM1 2'

This analysis is limited to properties whose postcode starts with "CM1 2", 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 to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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

Price per square foot

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

£ per sqft = price ÷ internal area

E.g. 16, Warwick Square, Chelmsford, sold for £305,420 on Jul-2024. Given the internal area of 936 square feet, the price per sqft is £326.

England & Wales have been officially metric for many decades. Convert this site to square meters.

The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. £394-£418, £418-£441, £441-£464 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 221 sales in Chelmsford (CM1 2) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

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 2). Of the 221 transactions, half were sold for between £367 and £484 per square foot. The median, or 'middle', price per square foot in 'CM1 2' is £422. Notably, only 25% of properties that sold recently were valued at more than £484 sqft. 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 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM1 2 Chelmsford	£367 sqft	£422 sqft	£484 sqft
CM1 7 Broomfield	£371 sqft	£429 sqft	£468 sqft
CM1 6 Chelmsford	£377 sqft	£431 sqft	£494 sqft
CM1 1 Chelmsford	£354 sqft	£398 sqft	£455 sqft
CM1 4 Chelmsford	£367 sqft	£426 sqft	£484 sqft
CM1 3 Writtle	£359 sqft	£410 sqft	£473 sqft

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 2 (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.

Download time series data as CSV (paying users only).

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.

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 £sqft	Recent sales
South Primrose Hill, Chelmsford, CM1 2R	807 sqft	£481	24
Beeches Road, Chelmsford, CM1 2R	0 sqft	£469	22
Chignal Road, Chelmsford, CM1 2J	0 sqft	£434	20
Waterhouse Street, Chelmsford, CM1 2T	904 sqft	£448	17
Goodier Road, Chelmsford, CM1 2G	861 sqft	£392	15
Avon Road, Chelmsford, CM1 2J	882 sqft	£337	13
Park Avenue, Chelmsford, CM1 2A	0 sqft	£444	13
Swiss Avenue, Chelmsford, CM1 2A	0 sqft	£447	11

Search for your street here.

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	sqft	£/sqft
16, Warwick Square, Chelmsford	£305,420 Jul-2024	936	326
71, North Avenue, Chelmsford	£475,000 Jun-2024	1,506	315
5, Kennet Way, Chelmsford	£315,000 Jun-2024	818	384

See the entire list of all sales in Chelmsford (CM1 2) here.