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.
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.
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 areaE.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.
Distribution of £ per sqft for Chelmsford
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.
Historic price per square foot in Chelmsford,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 9 sales
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.
About
I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.