5 The Drive

    5, THE DRIVE, CHELMSFORD, CM1 4JS

    This detached freehold property on The Drive last sold in December 2018 for £408,000. Based on price growth in the CM1 district since then, its estimated current value is £462,696 — placing it in the 75th percentile nationally and the 62nd percentile within CM1. The property covers 94 m² (1,012 sq ft), giving an estimated value of £4,922 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,012 sq ft

    94 m²

    Last Sale Price

    £408,000

    Dec 2018

    Estimated Valuation

    £462,696

    Est. £/sq ft

    £457/sq ft

    £4,922/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,012 sq ft (94 m²)
    EPC dateMay 2018
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    18 Dec 2018

    £408,000

    20 Jan 2011

    £220,000

    13 Jun 2003

    £215,000

    Key Metrics

    Estimated valuation£462,696
    Value per sq ft / m²£457/sq ft (£4,922/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile62nd percentile
    National percentile75th 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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