2 Wear Drive

    2, WEAR DRIVE, CHELMSFORD, CM1 7PT

    This flat/maisonette leasehold property on Wear Drive last sold in September 2012 for £125,000. Based on price growth in the CM1 district since then, its estimated current value is £211,315 — placing it in the 27th percentile nationally and the 10th percentile within CM1. The property covers 59 m² (635 sq ft), giving an estimated value of £3,582 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    635 sq ft

    59 m²

    Last Sale Price

    £125,000

    Sept 2012

    Estimated Valuation

    £211,315

    Est. £/sq ft

    £333/sq ft

    £3,582/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area635 sq ft (59 m²)
    EPC dateOct 2014
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    7 Sept 2012

    £125,000

    7 Mar 1996

    £40,000

    Key Metrics

    Estimated valuation£211,315
    Value per sq ft / m²£333/sq ft (£3,582/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile10th percentile
    National percentile27th 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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