CM2 7ED is a residential postcode situated on Oldbury Avenue, Chelmsford, CM2 with 12 addresses.
It ranks as the 384th largest and 788th most expensive of the 1,224 postcodes in the CM2 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 houses.
CM2 7ED is a residential postcode situated on Oldbury Avenue, Chelmsford, CM2 with 12 addresses.
It ranks as the 384th largest and 788th most expensive of the 1,224 postcodes in the CM2 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 houses.
Sale prices range from £406,530 for 3 bedroom freehold houses with a garden (925 ft2) to £643,682 for 5 bedroom freehold houses with a garden (2,109 ft2) .
Monthly rental prices range from £1,758 pcm for 3 bed houses to £2,586 pcm for 5 bed houses.
The gross rental yield is between 4.0% and 5.2%.
The average value per square foot is £404.
The last sale in CM2 7ED sold for £437,000 on 6th March 2026. Since then prices are down an average of 1.4%.
The current average value in the postcode is £500,595.
The CM2 7ED Sales Market has increased by 18.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.6% | £500,595 |
| April 2025 | 0.1% | £519,536 |
| April 2024 | -2.5% | £518,793 |
| April 2023 | 0.8% | £532,344 |
| April 2022 | 9.1% | £528,043 |
| April 2021 | 5.5% | £483,873 |
| April 2020 | -0.4% | £458,794 |
| April 2019 | 1.5% | £460,568 |
| April 2018 | 1.1% | £453,810 |
| April 2017 | 6.2% | £448,822 |
| April 2016 | 11.4% | £422,738 |
| April 2015 | 10.1% | £379,593 |
| April 2014 | 10.3% | £344,727 |
| April 2013 | 6.2% | £312,646 |
| April 2012 | 1.1% | £294,439 |
| April 2011 | -1.7% | £291,130 |
| April 2010 | 7.2% | £296,100 |
| April 2009 | -10.5% | £276,295 |
| April 2008 | 1.3% | £308,741 |
| April 2007 | 0% | £304,768 |
The current average rental value in the postcode is £2,020.
The CM2 7ED Rental Market has increased by 56.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3% | £2,020pcm |
| April 2025 | 4.7% | £1,962pcm |
| April 2024 | 8.7% | £1,875pcm |
| April 2023 | 10.6% | £1,725pcm |
| April 2022 | 6.6% | £1,560pcm |
| April 2021 | 6% | £1,464pcm |
| April 2020 | 1.3% | £1,381pcm |
| April 2019 | 2.1% | £1,364pcm |
| April 2018 | -0.2% | £1,336pcm |
| April 2017 | 3.4% | £1,338pcm |
| April 2016 | 4.5% | £1,294pcm |
| April 2015 | 3.7% | £1,238pcm |
| April 2014 | 5.5% | £1,194pcm |
| April 2013 | 7% | £1,132pcm |
| April 2012 | 1.9% | £1,058pcm |
| April 2011 | 2.5% | £1,038pcm |
| April 2010 | 4.2% | £1,012pcm |
| April 2009 | -6% | £971pcm |
| April 2008 | 5.6% | £1,033pcm |
| April 2007 | 0% | £978pcm |
The last sale was on 6th March 2026 for £437,000 and since then the market in the area has decreased by 1.4%. The postcode has had a total of 11 sales since 1995.
CM2 7ED has seen 4 sales in the last three years and 1 sale in the last twelve months.
CM2 7ED is the 384th largest and the 788th most expensive postcode out of the 1,224 postcodes in the CM2 area.
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The closest station to CM2 7ED is Chelmsford station which is 2.5 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around CM2 7ED, 60.9% of property is privately owned outright and 32.0% is privately owned with a mortgage.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around CM2 7ED, 13.3% of residents are recorded as possessing school level qualifications and 34.9% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around CM2 7ED, the average age was 46.1 and the most common age was 52.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around CM2 7ED, 1.7% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around CM2 7ED, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.