# House prices in CM1 6 (Chelmsford)

## Defining 'CM1 6'

This analysis is limited to properties whose postcode starts with "CM1 6", 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. 26, Jackson Bacon View, Chelmsford, sold for £740,000 on Apr-2024. Given the internal area of 175 square metres, the price per sqm is £4,228.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 329 sales in Chelmsford (CM1 6) 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 6). Of the 329 transactions, half were sold for between £4,050 and £5,280 per square metre. The median, or 'middle', price per square metre in 'CM1 6' is £4,630. Notably, only 25% of properties that sold recently were valued at more than £5,280 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 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM1 6 Chelmsford £4,050 sqm £4,630 sqm £5,280 sqm
CM1 7 Broomfield £4,040 sqm £4,690 sqm £5,120 sqm
CM1 3 Writtle £3,780 sqm £4,440 sqm £5,150 sqm
CM1 2 Chelmsford £3,940 sqm £4,480 sqm £5,090 sqm
CM1 1 Chelmsford £3,700 sqm £4,230 sqm £4,870 sqm
CM1 4 Chelmsford £4,030 sqm £4,630 sqm £5,310 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 6 (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 6 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
Burnell Gate, Chelmsford, CM1 6E 80 sqm £4,453 23
Crocus Way, Chelmsford, CM1 6X 53 sqm £3,815 22
Lupin Drive, Chelmsford, CM1 6F 50 sqm £3,664 21
Beardsley Drive, Chelmsford, CM1 6G 64 sqm £5,038 19
Petunia Crescent, Chelmsford, CM1 6Y 73 sqm £4,534 18
Regiment Gate, Chelmsford, CM1 6B 157 sqm £2,842 16
Cornflower Drive, Chelmsford, CM1 6X 56 sqm £4,331 16
Rubens Gate, Chelmsford, CM1 6G 69 sqm £5,299 15

## New build activity

Street Avg size Avg £sqm New build sales
Wilfred Waterman Drive, Chelmsford, CM1 6A 126 sqm £4,233 30
Robert Mccarthy Place, Chelmsford, CM1 6D 82 sqm £4,041 23
Gardiner Way, Chelmsford, CM1 6B 125 sqm £4,371 9
John Eve Avenue, Chelmsford, CM1 6D 157 sqm £3,752 25

Wilfred Waterman Drive, Chelmsford, CM1 6A has seen 30 new build sales in the last 4 years (average price £455,577). These new build homes typically have an internal area of 126 sqm, with an average price of £4,233 sqm. This £sqm average is £-397 below the average for CM1 6. New builds typically command a £ per sqm premium. In the case of Wilfred Waterman Drive the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## 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.