Market Insights, Chelmsford

Chelmsford is the county capital of Essex and hosts a community shaped by its unique demographic landscape. With a population density of 5.2 residents per hectare, Chelmsford surpasses regional averages and as of 2021, Chelmsford is home to 155,453 people, reflecting an impressive 12.2% population surge over the past decade.

Exploring the demographic further, Chelmsford unveils distinctive characteristics. Notably, 13.7% of its residents fall within the 35 to 44 age group, exceeding the regional average and underscoring the appeal of the City a diverse range of ages. The evolving nature of households further defines Chelmsford, with 28.5% consisting of single occupants and 38.4% embracing families with children, embodying the varied lifestyles within its borders.

Over the last 12 months the average sales price in Chelmsford was £389,370. The total value of sales was £770,531,208.

25% of sales in the past 12 months were flats, achieving an average sales price of £224,316. Houses achieved an average price of £468,997.

The highest value recorded by the Land Registry over the past 12 months was £635,000 for a flat and £1,950,000 for a house.

Over the last 12 months, the average rent achieved for homes let in Chelmsford was £1,176 per month. This is a +10% change on the previous 12 month period.

61% of homes let in the past 12 months were flats, achieving an average rental value of £1,054 per month. Houses achieved an average rent of £1,395 per month.

25% of renters are aged between 25 and 29.

In 2019 the City was voted ‘one of the best places to live in the UK’ by the Times and over the last 20 years average property prices in its core post codes have increased by 242%. Granted ‘city status’ in 2019 Chelmsford retains a wide array of amenities including a large shopping centre, state hospital, university and Chelmsford City Racecourse. Collectively they employ thousands of people with the large majority opting to reside in or around the city. Combining this with a regular intake of students at the University demand for rented accommodation is constantly high. The railway station delivers passengers into Central London in under 45 minutes and drivers have access via the A12 both north and south of the County with J28- M25 only 12 miles away.