House prices in CM1 7 (Broomfield)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CM1 7' (Broomfield, Chelmsford) - statistics were last calculated on 30 June 2024.

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Defining 'CM1 7'

This analysis is limited to properties whose postcode starts with "CM1 7", 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 Broomfield.

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.

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

Price per square metre

Knowing the average house price in Broomfield 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. 85, Waveney Drive, Broomfield, Chelmsford, sold for £230,000 on May-2024. Given the internal area of 57 square metres, the price per sqm is £4,035.

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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 175 sales in Broomfield (CM1 7) that took place in the last two years.

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 Broomfield (CM1 7). Of the 175 transactions, half were sold for between £4,010 and £5,120 per square metre. The median, or 'middle', price per square metre in 'CM1 7' is £4,660. Notably, only 25% of properties that sold recently were valued at more than £5,120 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 Broomfield, 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 Broomfield, Chelmsford

Comparison with neighbouring postcode sectors

The table below shows how 'CM1 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM1 2 Chelmsford	£3,940 sqm	£4,470 sqm	£5,030 sqm
CM1 6 Chelmsford	£4,040 sqm	£4,600 sqm	£5,280 sqm
CM1 1 Chelmsford	£3,770 sqm	£4,230 sqm	£4,840 sqm
CM1 4 Chelmsford	£3,950 sqm	£4,600 sqm	£5,280 sqm
CM1 3 Writtle	£3,770 sqm	£4,420 sqm	£5,130 sqm
CM1 7 Broomfield	£4,010 sqm	£4,660 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 7 (Broomfield) 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 £sqm	Recent sales
Main Road, Broomfield, CM1 7B	78 sqm	£4,459	21
Searle Crescent, Broomfield, CM1 7F	92 sqm	£3,774	16
Nash Drive, Broomfield, CM1 7B	62 sqm	£4,894	16
Main Road, Broomfield, CM1 7A	91 sqm	£4,194	16
Tamar Rise, Broomfield, CM1 7Q	62 sqm	£3,637	15
Hill View Road, Broomfield, CM1 7R	95 sqm	£4,174	15
Humber Road, Broomfield, CM1 7P	130 sqm	£4,653	14
Hillary Close, Broomfield, CM1 7R	84 sqm	£4,022	12

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Petty Croft, Broomfield, CM1 7F	126 sqm	£4,167	16

Petty Croft, Broomfield, CM1 7F has seen 16 new build sales in the last 4 years (average price £527,749). These new build homes typically have an internal area of 126 sqm, with an average price of £4,167 sqm. This £sqm average is £-493 below the average for CM1 7. New builds typically command a £ per sqm premium. In the case of Petty Croft 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 Broomfield 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
85, Waveney Drive, Broomfield, Chelmsford	£230,000 May-2024	57	4,035
6 Birk Beck, Waveney Drive, Broomfield, Chelmsford	£250,000 Apr-2024	63	3,968
150, Waveney Drive, Broomfield, Chelmsford	£400,000 Apr-2024	87	4,597

See the entire list of all sales in Broomfield (CM1 7) here.