Property Data OutlookCM3
22,490 recorded transactions · Part of Chelmsford
Compare with another area →Market outlook for CM3
Key indicators for buyers
The CM3 market is moderately favourable for buyers. Prices have softened (-2.8%), 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 £500,750 with a 25% deposit (£125k), a 2-year fixed mortgage at 3.97% costs around £1,976 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CM3 avg. price with Chelmsford rental data
Monthly mortgage payments (£1,976) are £534 more than renting (£1,442). However, buying requires an upfront deposit of £125k — it would take around 16 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 |
|---|---|---|---|
67, CHURCH HILL, LITTLE WALTHAM CM3 3LS | Terraced | £351,000 | 19 Jan 2026 |
13, PARKDALE, DANBURY CM3 4EH | Detached | £500,000 | 19 Jan 2026 |
WASDALE, SUMMERHILL, ALTHORNE CM3 6BY | Detached | £392,000 | 15 Jan 2026 |
30C, LATCHINGDON ROAD, COLD NORTON CM3 6JG | Detached | £725,000 | 13 Jan 2026 |
2, CHELMER AVENUE, LITTLE WALTHAM CM3 3PB | Detached | £960,000 | 13 Jan 2026 |
83, MELVILLE HEATH, SOUTH WOODHAM FERRERS CM3 5FX | Terraced | £200,000 | 9 Jan 2026 |
HOLLY HOUSE, MAIN ROAD, FORD END CM3 1LL |
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.