Feb 07, 2023 by HM

House prices in Chelmsford (CM2 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Chelmsford (CM2 0).

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. Flat 33 Chelmer Lodge, 111, New London Road, Chelmsford, sold for £200,000 on Sep-2023. Given the internal area of 55 square metres, the price per sqm is £3,636.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres 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 228 sales in Chelmsford (CM2 0) that took place in the last two years.

Distribution of £ per sqm for Chelmsford (CM2 0)
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.

That said, the spread of prices will give you a feel of the typical range to expect in Chelmsford (CM2 0). Of the 228 transactions, half were sold for between £3,830 and £5,190 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,190m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CM2 0' is £4,570. The table below shows how 'CM2 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM2 6 Springfield £4,240m2 £4,800m2 £5,350m2
CM2 9 Chelmsford £4,170m2 £4,760m2 £5,310m2
CM2 8 Galleywood £3,880m2 £4,390m2 £5,070m2
CM2 0 Chelmsford £3,830m2 £4,570m2 £5,190m2
CM2 7 Great Baddow £3,960m2 £4,380m2 £4,840m2

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 scatter plot below for CM2 0 (Chelmsford). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CM2 0 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Chelmsford (CM2 0) over time
House price trends for Chelmsford

Hover on any blue dot to see details of specific sales

Disclaimer: 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. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Chelmsford data or any other data I am given.

Price map for Chelmsford

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

Property price heatmap for Chelmsford
House price heatmap for Chelmsford

Street level data

Street Avg size Avg £/m2 Recent sales
Upper Bridge Road, Chelmsford, CM2 0B 75m2 £4,585 30
Godfreys Mews, Chelmsford, CM2 0X 52m2 £3,122 19
Lady Lane, Chelmsford, CM2 0T 97m2 £4,625 18
Moulsham Street, Chelmsford, CM2 0J 91m2 £4,513 17
Upper Bridge Road, Chelmsford, CM2 0R 59m2 £4,266 16
Mildmay Road, Chelmsford, CM2 0D 95m2 £4,397 16
New London Road, Chelmsford, CM2 0A 111m2 £4,597 15
New Writtle Street, Chelmsford, CM2 0F 50m2 £4,701 14

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 m2 £/m2
Flat 33 Chelmer Lodge, 111, New London Rd, Chelmsford £200,000
55 3,636
43 Bailey Court, New Writtle St, Chelmsford £213,000
45 4,733
53, Goldlay Gardens, Chelmsford £280,000
59 4,745

See the entire list of all sales in Chelmsford (CM2 0) here.


HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.