Contains HM Land Registry data © Crown copyright and database right 2020. This data is licensed under the Open Government Licence v3.0.

Chelmsford, CM3 current market prices

The price growth in Chelmsford is higher than the national average, with the 2 year growth at 0.6 times the national average. Compared to other areas, CM3 is a relatively expensive area, with an average price 51.2% higher than the national average. The average house price in Chelmsford, CM3 is £467,272 and the average rent is £916.

CM3 Current Averages

Market characteristic CM3 district National CM3 against national
Average price £467,272 £308,989 51.2%
Average rent £901 £916 -1.7%
Sales per month 17 8 (51,652 Total) +112.5%


CM3 Growth trends

Growth rate CM3 district National
2yr house growth -15% -24.3%
2yr CAGR -7.8% -13%
Last 12 months house price growth -0.2% -22.8%


CM3 Average Price by property type

Type Current Average Average 1 year ago Average 2 year ago Historical Average price
All properties £467,272 £468,199 £549,568 £647,697 View houses for sale in CM3
Flats £0 £187,656 £195,763 £164,688 View flats for sale in CM3
Detached £475,000 £706,453 £697,593 £620,333 View detached for sale in CM3
Semi-detached £0 £399,983 £403,952 £390,769 View semi-detached for sale in CM3
Terraced £0 £311,596 £316,750 £331,471 View terraced for sale in CM3
Bungalows N/A N/A N/A £480,600 View bungalows for sale in CM3

Type Historical Average Price
All properties to rent £2,052 View houses for rent in CM3
Flats for rent £888 View flats for rent in CM3
Detached for rent £3,178 View detached for rent in CM3
Semi-detached for rent £1,574 View semi-detached for rent in CM3
Terraced for rent N/A View terraced for rent in CM3
Bungalows for rent N/A View bungalows for rent in CM3



Current market notes

The data above illustrates the relative proportions different types of property in the CM3 postcode district. It is important to note that as homes are demolished and built these percentages will fluctuate accordingly. National averages are based on the most recent data available from the HM Land Registry© datasets.
Current average price and rent are based on the last month of data available.
The current average price is an average over the past 6 months to avoid inaccuracies caused by low sales numbers.
Sales per month is an average over the past 12 months.
Historical average prices are calculated using all CM3 sales since 1995. The growth trends table shows the change in average house price for the CM3 postcode district over the past 1 and 2 years as well as the averages across all postcode districts.

Please note that end of terrace properties are defined as terrace, as opposed to semi detached.
Flats include the following property types: Ground Flat, Flat, Studio, Ground Maisonette, Maisonette.
Bungalows include the following property types: Bungalow, Terraced Bungalow, Semi-Detached Bungalow, Detached Bungalow.
The 'Other' category includes all properties in categories not mentioned on this page and is included for completeness.

CAGR: Compound Annual Growth Rate is the year-over-year growth rate of house prices over a specified period of time (in this case five years). This figure gives an indication of the returns that have been seen historically. It can also be seen as a "smoothed" rate of return.