5 Wear Drive

    5, WEAR DRIVE, CHELMSFORD, CM1 7PT

    This flat/maisonette leasehold property on Wear Drive last sold in May 2024 for £230,000. Based on price growth in the CM1 district since then, its estimated current value is £228,582 — placing it in the 32nd percentile nationally and the 13th percentile within CM1. The property covers 56 m² (603 sq ft), giving an estimated value of £4,082 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    603 sq ft

    56 m²

    Last Sale Price

    £230,000

    May 2024

    Estimated Valuation

    £228,582

    Est. £/sq ft

    £379/sq ft

    £4,082/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area603 sq ft (56 m²)
    EPC dateFeb 2024
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    23 May 2024

    £230,000

    23 Jun 2015

    £170,000

    24 May 2013

    £146,500

    27 Jul 2007

    £155,000

    7 Nov 2003

    £113,000

    Key Metrics

    Estimated valuation£228,582
    Value per sq ft / m²£379/sq ft (£4,082/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile13th percentile
    National percentile32nd 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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