Housing Market Analysis for PETREL WAY, CM2 8XH

Are you looking to understand CM2 8XH house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Chelmsford postcode.

For the location information and nearby amenities in the CM2 8XH area, explore the CM2 8XH Area information page.
For comprehensive crime statistics in the CM2 8XH area, explore the CM2 8XH Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the CM2 8XH postcode area, The average prices are as follows,

Terraced
- The average price is around £290,333 median price is £296,250 Standard Deviation is £122,332 with Total Sold: 12
- The Last 5 Year average price is £390,125 with Total Sold: 4
- The most recent sale happened at this postcode is 4 PETREL WAY: £297,500 (Sold on 30 May 2024)
- The first recorded sale happened at this postcode is 24 PETREL WAY: £71,000 (Sold on 12 Sep 1997)
Semi-Detached
- The average price is around £222,357 median price is £212,500 Standard Deviation is £137,805 with Total Sold: 14
- The Last 5 Year average price is £432,500 with Total Sold: 2
- The most recent sale happened at this postcode is 43 PETREL WAY: £430,000 (Sold on 19 May 2022)
- The first recorded sale happened at this postcode is 32 PETREL WAY: £425,000 (Sold on 09 Nov 2018)

Sold Price Trend Over the Years:

Below table and chart gives the average CM2 8XH house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£366,250	£4,143	2
2023	£410,000	£3,796	1
2020	£418,000	£3,483	1
2018	£347,500	£3,645	2
2016	£390,000	£3,421	1
2014	£280,500	£2,461	1
2006	£182,000	£2,333	1
2004	£216,000		1
2000	£89,000		1
1997	£71,000	£657	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£430,000	£4,943	1
2019	£435,000	£3,271	1
2016	£315,000	£3,663	1
2015	£325,000	£3,316	1
2014	£250,000	£3,012	1
2011	£205,000	£2,350	1
2007	£220,000		1
2001	£129,000		1
1998	£80,000		1
1997	£84,000	£632	1
1996	£69,500		2
1995	£76,000	£776	1
2018	£425,000	£3,269	1

All the Sales in the PETREL WAY, CM2 8XH

See the table below for more details on the sold house prices in the CM2 8XH, Chelmsford postcode.

Address	Sold Date	Price	% Change
4 PETREL WAYTerraced, Freehold	30 May 2024	£297,500	First Sale
12 PETREL WAYTerraced, FreeholdArea: 105 Sq.mtrAge: 1967-1975	11 Jan 2024	£435,000	First Sale
24 PETREL WAYTerraced, FreeholdArea: 108 Sq.mtrAge: 1967-1975	17 Jul 2023	£410,000	477.46%
	12 Sep 1997	£71,000	First Sale
43 PETREL WAYSemi-Detached, FreeholdArea: 87 Sq.mtrAge: 1967-1975	19 May 2022	£430,000	First Sale
35 PETREL WAYTerraced, FreeholdArea: 120 Sq.mtrAge: 1967-1975	22 Jan 2020	£418,000	First Sale
26 PETREL WAYSemi-Detached, FreeholdArea: 133 Sq.mtrAge: 1950-1966	22 Jul 2019	£435,000	417.86%
	07 Feb 1997	£84,000	First Sale
22 PETREL WAYTerraced, FreeholdArea: 78 Sq.mtrAge: 1967-1975	17 Dec 2018	£295,000	62.09%
	27 Oct 2006	£182,000	First Sale
37 PETREL WAYTerraced, FreeholdArea: 114 Sq.mtrAge: 1967-1975	23 Mar 2018	£400,000	2.56%
	01 Jul 2016	£390,000	39.04%
	25 Feb 2014	£280,500	First Sale
21 PETREL WAYSemi-Detached, FreeholdArea: 86 Sq.mtrAge: 1967-1975	10 Jun 2016	£315,000	First Sale
25 PETREL WAYSemi-Detached, FreeholdArea: 98 Sq.mtrAge: 1950-1966	04 Dec 2015	£325,000	327.63%
	24 Mar 1995	£76,000	First Sale
1 PETREL WAYSemi-Detached, FreeholdArea: 83 Sq.mtrAge: 1950-1966	17 Oct 2014	£250,000	First Sale
7 PETREL WAYSemi-Detached, FreeholdArea: 87.22 Sq.mtrAge: 1967-1975	20 Dec 2011	£205,000	First Sale
13 PETREL WAYSemi-Detached, Freehold	05 Feb 2007	£220,000	221.17%
13 PETREL WAYSemi-Detached, Freehold	25 Oct 1996	£68,500	First Sale
8 PETREL WAYTerraced, Freehold	26 Mar 2004	£216,000	First Sale
5 PETREL WAYSemi-Detached, Freehold	23 Aug 2001	£129,000	First Sale
16 PETREL WAYTerraced, Freehold	28 Feb 2000	£89,000	First Sale
15 PETREL WAYSemi-Detached, Freehold	26 Jun 1998	£80,000	First Sale
31 PETREL WAYSemi-Detached, Freehold	06 Sep 1996	£70,500	First Sale
32 PETREL WAYSemi-Detached, FreeholdArea: 130 Sq.mtrAge: 2020	09 Nov 2018	£425,000	First Sale

Check out the sold house prices near the CM2 8XH postcode. Properties currently for saleProperties currently for rent

PETREL WAY, CM2 8XH Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the CM2 8XH postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the CM2 8XH postcode.

Semi-Detached
- The average price is around £216,487 median price is £205,000 Standard Deviation is £119,342 with Total Sold: 993
- The Last 5 Year average price is £389,464 with Total Sold: 167
- The most recent sale happened at this postcode is , 492 LINNET DRIVE: £333,000 (Sold on 28 Aug 2024)
- The first recorded sale happened at this postcode is , 4 SYLVAN CLOSE: £73,500 (Sold on 06 Jan 1995)
Terraced
- The average price is around £193,788 median price is £185,000 Standard Deviation is £97,519 with Total Sold: 1,140
- The Last 5 Year average price is £330,616 with Total Sold: 198
- The most recent sale happened at this postcode is , 2 SKYLARK WALK: £365,000 (Sold on 21 Aug 2024)
- The first recorded sale happened at this postcode is , 22 MAGNOLIA CLOSE: £53,500 (Sold on 05 Jan 1995)
Detached
- The average price is around £286,437 median price is £245,750 Standard Deviation is £173,993 with Total Sold: 148
- The Last 5 Year average price is £513,048 with Total Sold: 24
- The most recent sale happened at this postcode is , 247 BEEHIVE LANE: £640,000 (Sold on 05 Jul 2024)
- The first recorded sale happened at this postcode is , 58 GOSHAWK DRIVE: £72,000 (Sold on 20 Jan 1995)
Other
- The average price is around £344,000 median price is £322,500 Standard Deviation is £382,653 with Total Sold: 8
- The Last 5 Year average price is £193,500 with Total Sold: 4
- The most recent sale happened at this postcode is GARAGE, 66 LIME WALK: £15,000 (Sold on 13 Dec 2023)
- The first recorded sale happened at this postcode is , 99 GLOUCESTER AVENUE: £330,000 (Sold on 15 Feb 2017)
Flat
- The average price is around £125,931 median price is £68,000 Standard Deviation is £90,962 with Total Sold: 11
- The Last 5 Year average price is £252,500 with Total Sold: 2
- The most recent sale happened at this postcode is , 276 LINNET DRIVE: £300,000 (Sold on 29 Apr 2022)
- The first recorded sale happened at this postcode is , 250 LINNET DRIVE: £44,000 (Sold on 07 Apr 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£417,400	£4,734	5
2023	£394,550	£4,959	30
2022	£451,478	£5,205	27
2021	£383,000	£4,383	38
2020	£366,773	£4,266	22
2019	£362,313	£4,090	45
2018	£354,217	£4,033	30
2017	£349,375	£3,941	16
2016	£329,914	£3,668	29
2015	£307,034	£3,382	29
2014	£274,420	£3,346	31
2013	£272,726	£2,864	21
2012	£222,535	£2,724	21
2011	£221,176	£2,746	38
2010	£219,569	£2,643	28
2009	£208,029	£2,309	31
2008	£220,971	£2,500	17
2007	£232,382	£2,728	50
2006	£205,955	£2,266	44
2005	£193,119	£2,369	29
2004	£189,623	£2,233	48
2003	£173,048	£2,090	34
2002	£148,440	£1,657	44
2001	£119,791	£1,390	40
2000	£105,800	£1,318	38
1999	£84,154	£975	46
1998	£77,278	£897	32
1997	£70,723	£816	58
1996	£63,321	£701	36
1995	£62,261	£700	36

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£350,656	£4,196	16
2023	£351,610	£4,303	30
2022	£354,771	£4,660	34
2021	£325,413	£4,159	51
2020	£314,031	£3,998	29
2019	£303,632	£3,890	38
2018	£294,966	£3,883	38
2017	£294,597	£3,828	36
2016	£283,618	£3,529	42
2015	£251,236	£3,233	55
2014	£235,691	£3,037	55
2013	£202,926	£2,614	41
2012	£190,049	£2,433	36
2011	£193,444	£2,425	28
2010	£192,715	£2,389	29
2009	£169,479	£2,094	26
2008	£194,445	£2,389	19
2007	£195,213	£2,333	37
2006	£176,409	£2,406	56
2005	£170,297	£2,150	36
2004	£163,039	£2,152	42
2003	£148,973	£1,910	36
2002	£117,639	£1,482	39
2001	£98,762	£1,227	41
2000	£87,680	£1,119	42
1999	£72,423	£1,003	46
1998	£65,841	£826	35
1997	£62,819	£769	47
1996	£54,854	£657	43
1995	£53,289	£656	37

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£640,000		1
2023	£417,500	£5,205	2
2022	£551,333	£4,316	3
2021	£519,164	£4,312	7
2020	£569,999	£4,467	5
2019	£450,000	£4,605	6
2018	£529,600	£4,097	5
2017	£553,333	£4,420	3
2016	£370,000	£3,725	2
2015	£507,000	£3,328	3
2014	£418,750	£3,052	4
2013	£430,000	£6,231	1
2012	£350,833	£2,957	3
2011	£295,267	£3,086	6
2010	£331,515	£3,123	4
2009	£190,000	£2,452	3
2008	£244,500		2
2007	£227,738	£2,751	4
2006	£296,667	£2,908	3
2005	£244,028	£2,241	10
2004	£327,150	£2,411	10
2003	£207,227	£2,284	11
2002	£175,808	£2,031	12
2001	£127,625	£1,392	8
2000	£142,667	£1,342	6
1999	£128,438	£1,276	4
1998	£116,833	£1,099	3
1997	£98,249	£1,057	5
1996	£80,375	£720	8
1995	£104,750		4

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£202,500	£4,756	2
2022	£358,500	£4,717	1
2020	£10,500		1
2018	£58,000		1
2017	£640,000		3

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£300,000	£3,846	1
2019	£205,000	£2,847	1
2018	£255,000	£3,806	1
2008	£175,000	£2,612	1
2003	£91,500		2
1999	£63,000	£829	2
1996	£48,622	£608	2
1995	£44,000	£537	1

House Type in CM2 8XH area

The most common house types in the CM2 8XH postcode area are Terraced (75), Semi-detached (39), and Detached (1).

Total	115
Terraced	75
Semi-detached	39
Detached	1
Flat	0
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (59), and Owned: Owns with a mortgage or loan (47).

Owned: Owns outright	59
Owned: Owns with a mortgage or loan	47
Private rented: Private landlord or letting agency	7
Shared ownership: Shared ownership	1
Social rented: Other social rented	1
Private rented: Other private rented	1
Does not apply	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the CM2 8XH have 2 people in household (43), and 1 person in household (26).

2 people in household	43
1 person in household	26
3 people in household	21
4 people in household	20
5 people in household	4
6 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0