House prices in CM2 9 (Chelmsford)

This article reveals price per square foot data and various charts to help you understand current housing market in 'CM2 9' (Chelmsford) - statistics were last calculated on 30 August 2024.

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Defining 'CM2 9'

This analysis is limited to properties whose postcode starts with "CM2 9", 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. 20, Whitethorn Gardens, Chelmsford, sold for £385,000 on Jul-2024. Given the internal area of 818 square feet, the price per sqft is £470.

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 326 sales in Chelmsford (CM2 9) 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 (CM2 9). Of the 326 transactions, half were sold for between £392 and £485 per square foot. The median, or 'middle', price per square foot in 'CM2 9' is £445. Notably, only 25% of properties that sold recently were valued at more than £485 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 'CM2 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM2 8 Chelmsford	£359 sqft	£401 sqft	£453 sqft
CM2 9 Chelmsford	£392 sqft	£445 sqft	£485 sqft
CM2 0 Chelmsford	£362 sqft	£419 sqft	£482 sqft
CM2 7 Great Baddow	£370 sqft	£407 sqft	£456 sqft
CM2 6 Chelmsford	£391 sqft	£443 sqft	£488 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 CM2 9 (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.

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
Mary Munnion Quarter, Chelmsford, CM2 9F	753 sqft	£341	27
Beehive Lane, Chelmsford, CM2 9S	0 sqft	£466	27
Lucas Avenue, Chelmsford, CM2 9J	914 sqft	£419	26
Harberd Tye, Chelmsford, CM2 9G	645 sqft	£377	25
Heath Drive, Chelmsford, CM2 9H	957 sqft	£410	24
Gloucester Avenue, Chelmsford, CM2 9D	947 sqft	£423	23
Baddow Road, Chelmsford, CM2 9R	904 sqft	£374	22
Grace Bartlett Gardens, Chelmsford, CM2 9F	882 sqft	£405	21

Search for your street here.

New build activity

Street	Avg size	Avg £sqft	New build sales
Waltham Glen, Chelmsford, CM2 9E	818 sqft	£375	17

Waltham Glen, Chelmsford, CM2 9E has seen 17 new build sales in the last 4 years (average price £311,125). These new build homes typically have an internal area of 818 sqft, with an average price of £375 sqft. This £sqm average is £-69 below the average for CM2 9. New builds typically command a £ per sqft premium. In the case of Waltham Glen 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.

Address	Paid	sqft	£/sqft
20, Whitethorn Gardens, Chelmsford	£385,000 Jul-2024	818	470
2, Avenue Rd, Chelmsford	£560,000 Jul-2024	1,270	440
247, Beehive Lane, Chelmsford	£640,000 Jul-2024	1,453	440

See the entire list of all sales in Chelmsford (CM2 9) here.