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Chelmsford Property Market Snapshot July 2021

July 5th 2021
By: Intercounty
Chelmsford Property Market Snapshot July 2021

The housing market is still extremely busy as we move into the summer of 2021, and a lot of people are engaged with sales. However, if you are looking to enter the market, there are still opportunities.

We speak with many people in and around Chelmsford, and there is no denying that there is significant demand for property in the local area. If you are contemplating selling your home, you will find a list of eager buyers.

If you are keen to move in 2021, we are here to assist you.

Understand what is on offer in Chelmsford

As of July 2021, Rightmove says the following about the housing market in Chelmsford:

Properties in Chelmsford had an overall average price of £396,505 over the last year.

The majority of sales in Chelmsford during the last year were semi-detached properties, selling for an average price of £404,241. Detached properties sold for an average of £550,385, with terraced properties fetching £335,440.

Overall, sold prices in Chelmsford over the last year were 5% up on the previous year and 8% up on the 2018 peak of £366,208.”

As a snapshot of the local market, at the start of July 2021, Rightmove had 636 properties listed for sale in Chelmsford.

The breakdown of properties on offer in the area, at this time, was as follows:

  • 86 detached properties listed for sale in Chelmsford

  • 67 semi-detached properties listed for sale in Chelmsford

  • 60 terraced properties on offer in the local area

  • 396 flats listed for sale in Chelmsford

  • 19 bungalows were listed for sale in Chelmsford

  • 3 park homes were listed for sale in the local area

At this point in time, the most commonly listed property type for sale in Chelmsford was flats, by a considerable margin.

Of course, while Rightmove is the leading property portal in the UK, it is not the only option, and not every property listed for sale is listed on this site.

However, if you are looking to see a snapshot of the local market, reviewing this portal is as good a starting point as any.

Gardens and open space are vital for house buyers

It is fair to say having access to open spaces and a garden if possible are priorities for house buyers in the current climate. Open space is crucial, and the property snapshot suggests 347 properties (out of 636) in Chelmsford have a garden.

Analysis of the market indicates that 523 of the listed properties have a parking space, which means a significant proportion of properties listed for sale in Chelmsford have this facility.

When it comes to properties that have both a garden and parking space, 301 listings feature both.

Whatever plans you have in the housing market; it is important to know what is happening in the local market. Anyone who is looking to buy property will benefit from knowing what is available in the market. Any homeowner looking to sell their home can make more informed decisions when they know what their competition in the market is.

At Intercounty, we are here to assist you as best we can. We are local specialists in the Chelmsford housing market, and if you are keen to connect with likely buyers, we can assist you.

For all sales enquiries in Chelmsford, please feel free to call us on 01245 251442 or why not email us at chelmsford@intercounty.co.uk. With considerable experience in the local housing market, and free valuation services, we look forward to helping you make an informed decision in the Chelmsford property sector