# House prices in CM2 8 (Chelmsford)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CM2 8' (Chelmsford) - statistics were last calculated on 31 July 2024.

## Defining 'CM2 8'

This analysis is limited to properties whose postcode starts with "CM2 8", 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. 132, Linnet Drive, Chelmsford, sold for £315,000 on Jun-2024. Given the internal area of 78 square metres, the price per sqm is £4,038.

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. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 264 sales in Chelmsford (CM2 8) 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 (CM2 8). Of the 264 transactions, half were sold for between £3,810 and £4,880 per square metre. The median, or 'middle', price per square metre in 'CM2 8' is £4,290. Notably, only 25% of properties that sold recently were valued at more than £4,880 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 'CM2 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM2 8 Chelmsford £3,810 sqm £4,290 sqm £4,880 sqm
CM2 9 Chelmsford £4,210 sqm £4,760 sqm £5,250 sqm
CM2 0 Chelmsford £3,910 sqm £4,550 sqm £5,180 sqm
CM2 7 Great Baddow £3,950 sqm £4,380 sqm £4,900 sqm
CM2 6 Chelmsford £4,210 sqm £4,790 sqm £5,320 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 CM2 8 (Chelmsford) compared with both the wider area CM2 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

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.

##### Most recent CM2 8 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
Linnet Drive, Chelmsford, CM2 8A 85 sqm £4,185 57
Galleywood Road, Chelmsford, CM2 8D 124 sqm £4,965 23
Pyms Road, Chelmsford, CM2 8P 80 sqm £4,315 19
Barnard Road, Chelmsford, CM2 8R 73 sqm £3,825 19
Galleywood Road, Chelmsford, CM2 8B 139 sqm £4,774 17
Church Road, Chelmsford, CM2 8U 150 sqm £4,557 17
Robin Way, Chelmsford, CM2 8A 81 sqm £4,418 16
Archers Way, Chelmsford, CM2 8S 71 sqm £3,270 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 sqm £/sqm
132, Linnet Drive, Chelmsford £315,000
Jun-2024
78 4,038
66, Widford Rd, Chelmsford £365,000
Jun-2024
88 4,147
41, Park View Crescent, Chelmsford £425,000
Jun-2024
98 4,336