Key indicators for buyers
The CM1 market is moderately favourable for buyers. Prices have softened (-9.7%), which could present a buying opportunity. Affordability has improved from a peak of 12.4x in 2022 to 10.7x today. Rising rents (£1,442/mo, +8.3%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Chelmsford area
A home in Chelmsford costs 10.7x the local median salary — very stretched, improving from a peak of 12.4x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Chelmsford area
Average monthly rent in Chelmsford is £1,442, up 8.3% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Chelmsford price of £392,000 with a 25% deposit (£98k), a 2-year fixed mortgage at 3.97% costs around £1,547 per month.
Monthly cost comparison based on current data
Uses CM1 avg. price with Chelmsford rental data
Monthly mortgage payments (£1,547) are £105 more than renting (£1,442). However, buying requires an upfront deposit of £98k — it would take around 10 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
2, HARDY CLOSE CM1 1AE | Terraced | £375,000 | 21 Jan 2026 |
35, NORTH AVENUE CM1 2AN | Terraced | £335,000 | 21 Jan 2026 |
48, WATSON HEIGHTS CM1 1AF | Flat/Maisonette | £232,500 | 21 Jan 2026 |
12A, CATHEDRAL WALK CM1 1NX | Flat/Maisonette | £200,000 | 16 Jan 2026 |
63, FOXGLOVE AVENUE CM1 4FX | Semi-detached | £430,000 | 16 Jan 2026 |
9, BEACHS DRIVE CM1 2NJ | Semi-detached | £405,000 | 16 Jan 2026 |
6, SCOTTS WALK CM1 2HB | Terraced | £300,000 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in CM1 sold for £392,000 in 2026, with a median of £372,500 across 20 transactions. Prices fell 9.7% compared to the previous year.
| 15 Jan 2026 |
6, BEAUMONT WALK CM1 2HF | Terraced | £335,000 | 15 Jan 2026 |
9, ROBERT MCCARTHY PLACE, CHELMSFORD GARDEN CM1 6DR | Flat/Maisonette | £296,500 | 15 Jan 2026 |
4, WHARTON DRIVE, CHELMSFORD GARDEN CM1 6BF | Detached | £735,000 | 15 Jan 2026 |
26, LOUIS FAIERS CRESCENT, CHELMSFORD GARDEN CM1 6EY | Detached | £665,000 | 15 Jan 2026 |
40, VERMEER RIDE CM1 6GA | Semi-detached | £230,000 | 12 Jan 2026 |
23, LONGACRE CM1 3BJ | Detached | £526,000 | 12 Jan 2026 |
42, STIRRUP CLOSE CM1 6ST | Terraced | £255,000 | 9 Jan 2026 |
15, BROOMHALL CLOSE CM1 7HD | Semi-detached | £375,000 | 9 Jan 2026 |
15, CHERWELL DRIVE CM1 2JJ | Semi-detached | £370,000 | 9 Jan 2026 |
4, PARK AVENUE CM1 2AA | Terraced | £480,000 | 9 Jan 2026 |
1, CHICHESTER DRIVE CM1 7RY | Detached | £675,000 | 8 Jan 2026 |
4, CONSTANCE CLOSE, BROOMFIELD CM1 7BW | Detached | £420,000 | 8 Jan 2026 |
52, CHURCHILL RISE CM1 6FD | Flat/Maisonette | £200,000 | 6 Jan 2026 |
The most recent recorded sale in CM1 was a terraced property on Hardy Close for £375,000 in January 2026. Across the last 20 sales, the median price was £375,000.