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The average property value in Chelmsford is £463,216 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Chelmsford grew by £60,361. Compare house prices by area
Average property prices in Chelmsford grew by 15.0% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 6.2% per year.
If prices in Chelmsford continue to rise by 6.2% a year, the average property price will be £588,221 in 2025.
There were 2,778 property sales in Chelmsford in the year ending June 2021, an increase of 341 when compared to the previous year.
The average price for a house in Chelmsford ranges from £334,906 for a terraced house to £711,998 for a detached house, with semi-detached in between costing on average £406,569.
The average price for a flat or maisonette in Chelmsford is £216,178.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Chelmsford, detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 84.4% from £386,086 to £711,998, semi-detached house prices have risen 68.5% from £241,237 to £406,569, terraced house prices have risen 65.0% from £202,948 to £334,906, and flat prices have risen 54.8% from £139,612 to £216,178.
The most common type of property sold in Chelmsford during the year ending June 2021 was detached houses, which accounted for 33.3% of properties.
The least commonly available type of property sold in Chelmsford were flats, which account for 15.4% of properties sold.
Of the properties sold in Chelmsford during 2021, 2.2% were new build properties.
The average price paid for a new build property in Chelmsford was £63,269 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (64% of new build properties sold). For existing properties, the most common type is detached houses (31% of existing properties sold).
Rental Market of Chelmsford
Chelmsford Crime
Chelmsford population
The most common price band for property sales in Chelmsford is £300k - £400k, which accounted for 22.9% of properties sold in 2021.
1.8% of properties in Chelmsford had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Chelmsford were in the £50k - £100k price bracket, accounting for 0.3% of sales.
Rank | Area | Average property price | YoY change in price |
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Rank | Area | Average Property Price | YoY CHANGE in PRICE |
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Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics