Key indicators for buyers
The CM2 market is moderately favourable for buyers. Prices have softened (-6.5%), 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 £411,156 with a 25% deposit (£103k), a 2-year fixed mortgage at 3.97% costs around £1,623 per month.
Monthly cost comparison based on current data
Uses CM2 avg. price with Chelmsford rental data
Monthly mortgage payments (£1,623) are £181 more than renting (£1,442). However, buying requires an upfront deposit of £103k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
1, ELM COTTAGES, PRIVATE ROAD CM2 8TH | Semi-detached | £600,000 | 26 Jan 2026 |
52, LOFTIN WAY CM2 9TP | Semi-detached | £335,000 | 23 Jan 2026 |
87, GRACE BARTLETT GARDENS CM2 9FW | Flat/Maisonette | £233,500 | 19 Jan 2026 |
10, MALLARD ROAD CM2 8AR | Terraced | £325,000 | 16 Jan 2026 |
12, SAWKINS CLOSE CM2 9SA | Semi-detached | £425,000 | 16 Jan 2026 |
25, EARLSFIELD DRIVE, CHELMER VILLAGE CM2 6SX | Flat/Maisonette | £215,000 | 16 Jan 2026 |
103, ROBIN WAY CM2 8AU | Terraced |
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 CM2 sold for £411,156 in 2026, with a median of £387,500 across 16 transactions. Prices fell 6.5% compared to the previous year.
| £340,000 |
| 15 Jan 2026 |
TREETOPS, BUTTS WAY CM2 8TJ | Detached | £700,000 | 14 Jan 2026 |
13, MILL VUE ROAD, CHELMER VILLAGE CM2 6NP | Terraced | £320,000 | 13 Jan 2026 |
52, PAVITT MEADOW, GALLEYWOOD CM2 8RQ | Detached | £580,000 | 12 Jan 2026 |
13, LADY LANE CM2 0TF | Terraced | £400,000 | 9 Jan 2026 |
50, LABURNUM DRIVE CM2 9NX | Semi-detached | £450,000 | 7 Jan 2026 |
31, FOXHOLES ROAD CM2 7HP | Semi-detached | £375,000 | 7 Jan 2026 |
18, DUNMORE ROAD, CHELMER VILLAGE CM2 6RY | Detached | £515,000 | 7 Jan 2026 |
108, BEELEIGH LINK, CHELMER VILLAGE CM2 6RG | Detached | £625,000 | 6 Jan 2026 |
27, OXFORD COURT CM2 6AX | Terraced | £140,000 | 5 Jan 2026 |
1, KINGSFORD DRIVE, CHELMER VILLAGE CM2 6YR | Detached | £375,000 | 31 Dec 2025 |
1, FORDSON ROAD, CHELMER VILLAGE CM2 5PJ | Detached | £365,000 | 22 Dec 2025 |
FLAT 7, 204, WHARF ROAD CM2 6ZR | Flat/Maisonette | £160,000 | 19 Dec 2025 |
20, SHRUBLANDS CLOSE CM2 6LR | Semi-detached | £276,000 | 19 Dec 2025 |
The most recent recorded sale in CM2 was a semi-detached property on Private Road for £600,000 in January 2026. Across the last 20 sales, the median price was £375,000.