47 Wear Drive

    47, WEAR DRIVE, CHELMSFORD, CM1 7PT

    This flat/maisonette leasehold property on Wear Drive last sold in December 1999 for £60,000. Based on price growth in the CM1 district since then, its estimated current value is £245,558 — placing it in the 36th percentile nationally and the 16th percentile within CM1. The property covers 59 m² (635 sq ft), giving an estimated value of £4,162 per m². The EPC rating is F, with a potential rating of D.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    635 sq ft

    59 m²

    Last Sale Price

    £60,000

    Dec 1999

    Estimated Valuation

    £245,558

    Est. £/sq ft

    £387/sq ft

    £4,162/m²

    Property Details

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

    Transaction History

    7 Dec 1999

    £60,000

    6 Dec 1996

    £33,500

    Key Metrics

    Estimated valuation£245,558
    Value per sq ft / m²£387/sq ft (£4,162/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile16th percentile
    National percentile36th 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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