40 The Drive

    40, THE DRIVE, CHELMSFORD, CM1 4JS

    This detached freehold property on The Drive last sold in March 2021 for £415,000. Based on price growth in the CM1 district since then, its estimated current value is £447,345 — placing it in the 73rd percentile nationally and the 59th percentile within CM1. The property covers 119 m² (1,281 sq ft), giving an estimated value of £3,759 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,281 sq ft

    119 m²

    Last Sale Price

    £415,000

    Mar 2021

    Estimated Valuation

    £447,345

    Est. £/sq ft

    £349/sq ft

    £3,759/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms7
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,281 sq ft (119 m²)
    EPC dateMay 2012
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    19 Mar 2021

    £415,000

    26 Nov 2015

    £342,000

    7 Dec 2012

    £290,000

    27 Jul 2007

    £227,500

    8 Feb 1999

    £110,000

    Key Metrics

    Estimated valuation£447,345
    Value per sq ft / m²£349/sq ft (£3,759/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile59th percentile
    National percentile73rd 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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