16 The Drive

    16, THE DRIVE, CHELMSFORD, CHELMSFORD, CM1 4JS

    This flat/maisonette leasehold property on The Drive last sold in August 2001 for £72,000. Based on price growth in the CM1 district since then, its estimated current value is £220,166 — placing it in the 30th percentile nationally and the 12th percentile within CM1. The property covers 60 m² (646 sq ft), giving an estimated value of £3,669 per m². The EPC rating is E, with a potential rating of D.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    646 sq ft

    60 m²

    Last Sale Price

    £72,000

    Aug 2001

    Estimated Valuation

    £220,166

    Est. £/sq ft

    £341/sq ft

    £3,669/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentE
    EPC potentialD
    Floor area646 sq ft (60 m²)
    EPC dateJan 2018
    WallsCavity wall, filled cavity
    HeatingElectric storage heaters

    Transaction History

    2 Aug 2001

    £72,000

    Key Metrics

    Estimated valuation£220,166
    Value per sq ft / m²£341/sq ft (£3,669/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile12th percentile
    National percentile30th percentile

    District Context — CM1

    CM1 covers Chelmsford town centre and its immediate surroundings in Essex, located roughly 30 miles northeast of London. It is a established residential and commercial district with strong local amenities and commuter appeal.

    Average Property Price - CM1

    £436,548

    73

    National percentile

    Average Net Household Income - CM1

    £36,171

    39

    National percentile

    10-Year Annualised Price Growth - CM1

    3.8%

    58

    National percentile

    10-Year Annualised Rent Growth - CM

    4.2%

    67

    National percentile

    View full analysis for CM1

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