We
2023 January - December
Property Marketing Insights
Est 1968
Our Beresfords Property Marketing Insights Report for Chelmsford provides you with area statistics, a review of the Residential Sales and Lettings Market over the last 12 months, and also gives you an insight into property prices in the area over a six year period. Interested in Chelmsford? Read on for more information.
Chelmsford tel | 01245 397499
Area Insights | Chelmsford
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Area 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, epitomizing its status as a dynamic hub where residents contribute to the City. As of 2021, Chelmsford proudly accommodates 155,453 individuals, 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. Economically, Chelmsford stands as a beacon of professional diversity, with public administration, education, and health emerging as the cornerstone of employment. This sector commands a notable 28.9% of the working-age population, illustrating the town’s commitment to fostering education, healthcare, and civic services.
Chelmsford Residential Sales Overview •
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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.
We love how Chelmsford has emerged as one of the most desirable places to live in the East of the UK. With a host of retail and restaurant options, prestigious grammar schools, and access to London in just over 30 minutes, the city really does have everything! James Westbrook Director of Office beresfords.co.uk
Sales | Chelmsford
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Average Sales Prices The chart below shows the average sales prices in Chelmsford for all properties from January 2018 (£336,428) to October 2023 (£381,063).
Change in prices compared to July 2022
Beresfords 2023 Statistics
15,171
384,652
New buyers registered
Unique visitors to our website
99% of asking price achieved
15,851 New tenants registered
beresfords.co.uk
Lettings | Chelmsford
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Chelmsford Residential Lettings Overview •
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.
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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.
Below shows the average rental figures achieved in Chelmsford by property type.
Below shows the average rental figures achieved in Chelmsford by property type.
Independent Mortgage & Protection Advisers
Let Flagstone do the work! At Flagstone we like to build relationships and love nothing more than helping returning clients with their ongoing mortgage and protection needs. To find out how Flagstone can help you, call to book your FREE appointment on:
01245 955749 beresfords.co.uk