31 Wear Drive

    31, WEAR DRIVE, CHELMSFORD, CM1 7PT

    This flat/maisonette leasehold property on Wear Drive last sold in February 2025 for £185,000. Based on price growth in the CM1 district since then, its estimated current value is £185,000 — placing it in the 21st percentile nationally and the 6th percentile within CM1. The property covers 56 m² (603 sq ft), giving an estimated value of £3,304 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    603 sq ft

    56 m²

    Last Sale Price

    £185,000

    Feb 2025

    Estimated Valuation

    £185,000

    Est. £/sq ft

    £307/sq ft

    £3,304/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area603 sq ft (56 m²)
    EPC dateJan 2019
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    10 Feb 2025

    £185,000

    Key Metrics

    Estimated valuation£185,000
    Value per sq ft / m²£307/sq ft (£3,304/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile6th percentile
    National percentile21st 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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