CM2 8QT is a residential postcode located on Rignals Lane, Chelmsford, CM2. It is the 1212th largest postcode in the CM2 area.
It contains 57 residential addresses consisting of 49 houses and 8 flats and the most common type of property is a mid-century house built between 1936 and 1979.
The average house value is £471,795. Sales values have decreased in the last 12 months by 0.8% and Rental values have increased by 5.3%.
Property sale values range from £228,245 for a leasehold flat, with 2 bedrooms split across 527 square feet of gross internal area and has no outside space to £838,619 for a freehold house, with 5 bedrooms split across 2,648 square feet of gross internal area and has a garden.
Average £/ft2 for properties in CM2 8QT is £441/ft2.
Properties achieve a rental yield of between 3.9% and 6%, and rental values range from £1,101 to £2,838 per month.
The last sale was 05 Jan 2024 for £425,000 and since then the market in the area as increased by 0.4%. The postcode has had a total of 4 sales since 1995.
CM2 8QT has seen 4 sales in the last three years and 1 sale in the last twelve months.
CM2 8QT is the 1212th largest and the 866th most expensive postcode out of the 1,260 postcodes in the CM2 area.
CM2 8QT is a residential postcode located on Rignals Lane, Chelmsford, CM2 with 49 houses and 8 flats within its bounds.
The most common property type in CM2 8QT is a mid-century house built between 1936 and 1979.
The homes are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being D.
The closest station to CM2 8QT is Chelmsford station which is 4.0 km away.
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 8QT, 55.3% of property is privately owned outright and 32.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 8QT, 16.5% of residents are recorded as possessing school level qualifications and 23.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around CM2 8QT, the average age was 44 and the most common age was 57.
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 8QT, 0.0% 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 8QT, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.