42 Wear Drive

    42, WEAR DRIVE, CHELMSFORD, CM1 7PU

    This terraced freehold property on Wear Drive last sold in October 2023 for £370,000. Based on price growth in the CM1 district since then, its estimated current value is £373,939 — placing it in the 63rd percentile nationally and the 40th percentile within CM1. The property covers 100 m² (1,076 sq ft), giving an estimated value of £3,739 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,076 sq ft

    100 m²

    Last Sale Price

    £370,000

    Oct 2023

    Estimated Valuation

    £373,939

    Est. £/sq ft

    £347/sq ft

    £3,739/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,076 sq ft (100 m²)
    EPC dateJul 2023
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    13 Oct 2023

    £370,000

    29 Sept 2003

    £175,000

    Key Metrics

    Estimated valuation£373,939
    Value per sq ft / m²£347/sq ft (£3,739/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CM1 district percentile40th percentile
    National percentile63rd 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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