Property Data OutlookCM2
36,923 recorded transactions · Part of Chelmsford
Compare with another area →Market outlook for CM2
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.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
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.
Rental trends
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.
Monthly mortgage
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.
Rent vs buy snapshot
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.
Recent sales
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.