3 Wear Drive

    3, WEAR DRIVE, CHELMSFORD, CM1 7PT

    This flat/maisonette leasehold property on Wear Drive last sold in May 2016 for £157,500. Based on price growth in the CM1 district since then, its estimated current value is £174,367 — placing it in the 18th percentile nationally and the 5th percentile within CM1. The property covers 56 m² (603 sq ft), giving an estimated value of £3,114 per m². The EPC rating is D, with a potential rating of D.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    603 sq ft

    56 m²

    Last Sale Price

    £157,500

    May 2016

    Estimated Valuation

    £174,367

    Est. £/sq ft

    £289/sq ft

    £3,114/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialD
    Floor area603 sq ft (56 m²)
    EPC dateOct 2015
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    3 May 2016

    £157,500

    26 Jan 2001

    £60,000

    8 Apr 1998

    £45,500

    18 Dec 1996

    £35,000

    Key Metrics

    Estimated valuation£174,367
    Value per sq ft / m²£289/sq ft (£3,114/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile5th percentile
    National percentile18th 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

    More properties in CM1

    Streets in CM1

    Explore nearby