CM1 1RR is a residential postcode situated on Rectory Lane, Chelmsford, CM1 with 22 addresses.
It ranks as the 747th largest and 71st most expensive of the 1,379 postcodes in the CM1 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 22 properties: 22 flats.
CM1 1RR is a residential postcode situated on Rectory Lane, Chelmsford, CM1 with 22 addresses.
It ranks as the 747th largest and 71st most expensive of the 1,379 postcodes in the CM1 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 22 properties: 22 flats.
Sale prices range from £182,785 for 1 bedroom leasehold flats (441 ft2) to £238,288 for 2 bedroom leasehold flats (753 ft2) .
Monthly rental prices range from £1,068 pcm for 1 bed flats to £1,267 pcm for 2 bed flats.
The gross rental yield is between 6.4% and 7.2%.
The average value per square foot is £391.
The last sale in CM1 1RR sold for £192,000 on 31st March 2022. Since then prices are down an average of 4.0%.
The current average value in the postcode is £201,371.
The CM1 1RR Sales Market has increased by 7.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.4% | £201,371 |
| April 2025 | 1% | £208,491 |
| April 2024 | -2.4% | £206,425 |
| April 2023 | 1% | £211,548 |
| April 2022 | 5% | £209,483 |
| April 2021 | 1.1% | £199,602 |
| April 2020 | 0.9% | £197,362 |
| April 2019 | -1.2% | £195,582 |
| April 2018 | 0.2% | £198,002 |
| April 2017 | 5.8% | £197,683 |
| April 2016 | 11.2% | £186,876 |
| April 2015 | 9.3% | £168,062 |
| April 2014 | 8.7% | £153,780 |
| April 2013 | 0.9% | £141,408 |
| April 2012 | 0.3% | £140,185 |
| April 2011 | -0.8% | £139,744 |
| April 2010 | 6.7% | £140,843 |
| April 2009 | -13.2% | £131,943 |
| April 2008 | 0% | £151,945 |
| April 2007 | 0% | £151,910 |
The current average rental value in the postcode is £1,162.
The CM1 1RR Rental Market has increased by 37.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.8% | £1,162pcm |
| April 2025 | 3.5% | £1,130pcm |
| April 2024 | 9.7% | £1,092pcm |
| April 2023 | 8.9% | £996pcm |
| April 2022 | 4% | £914pcm |
| April 2021 | 1.3% | £880pcm |
| April 2020 | 1.5% | £868pcm |
| April 2019 | 1% | £856pcm |
| April 2018 | -1.4% | £847pcm |
| April 2017 | 1.3% | £859pcm |
| April 2016 | 4.4% | £847pcm |
| April 2015 | 2.7% | £812pcm |
| April 2014 | 4.1% | £790pcm |
| April 2013 | 2.3% | £759pcm |
| April 2012 | 1% | £742pcm |
| April 2011 | 1.8% | £735pcm |
| April 2010 | 2.1% | £721pcm |
| April 2009 | -6.9% | £707pcm |
| April 2008 | 5.3% | £759pcm |
| April 2007 | 0% | £720pcm |
The last sale was on 31st March 2022 for £192,000 and since then the market in the area has decreased by 4.0%. The postcode has had a total of 3 sales since 1995.
CM1 1RR has seen no sales in the last three years and no sales in the last twelve months.
CM1 1RR is the 747th largest and the 71st most expensive postcode out of the 1,379 postcodes in the CM1 area.
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