CM1 2TU is a residential postcode situated on Forest Drive, Chelmsford, CM1 with 8 addresses.
It ranks as the 296th largest and 511th most expensive of the 1,379 postcodes in the CM1 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 8 properties: 8 houses.
CM1 2TU is a residential postcode situated on Forest Drive, Chelmsford, CM1 with 8 addresses.
It ranks as the 296th largest and 511th most expensive of the 1,379 postcodes in the CM1 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 8 properties: 8 houses.
Sale prices range from £319,657 for 3 bedroom freehold houses with a garden (688 ft2) to £394,737 for 3 bedroom freehold houses with a garden (1,001 ft2) .
Monthly rental prices range from £1,574 pcm for 3 bed houses to £1,830 pcm for 3 bed houses.
The gross rental yield is between 5.6% and 5.9%.
The average value per square foot is £417.
The last sale in CM1 2TU sold for £350,000 on 27th May 2025. Since then prices are down an average of 1.0%.
The current average value in the postcode is £357,678.
The CM1 2TU Sales Market has increased by 24.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1% | £357,678 |
| May 2025 | 2% | £361,113 |
| May 2024 | -1.8% | £354,072 |
| May 2023 | 0.4% | £360,585 |
| May 2022 | 9.3% | £359,022 |
| May 2021 | 5% | £328,409 |
| May 2020 | 1.1% | £312,682 |
| May 2019 | -0.9% | £309,321 |
| May 2018 | 1.8% | £312,269 |
| May 2017 | 7.1% | £306,694 |
| May 2016 | 13.6% | £286,383 |
| May 2015 | 12.4% | £252,157 |
| May 2014 | 11.2% | £224,249 |
| May 2013 | 0.7% | £201,608 |
| May 2012 | 1.4% | £200,254 |
| May 2011 | 0.5% | £197,419 |
| May 2010 | 7.7% | £196,363 |
| May 2009 | -11.2% | £182,321 |
| May 2008 | -1% | £205,303 |
| May 2007 | 0% | £207,378 |
The current average rental value in the postcode is £1,705.
The CM1 2TU Rental Market has increased by 59.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.3% | £1,705pcm |
| May 2025 | 5.1% | £1,650pcm |
| May 2024 | 9.2% | £1,569pcm |
| May 2023 | 10.3% | £1,437pcm |
| May 2022 | 7.7% | £1,303pcm |
| May 2021 | 5.4% | £1,210pcm |
| May 2020 | 1.8% | £1,148pcm |
| May 2019 | 0.7% | £1,128pcm |
| May 2018 | 0.8% | £1,120pcm |
| May 2017 | 3.8% | £1,112pcm |
| May 2016 | 6.1% | £1,071pcm |
| May 2015 | 6.4% | £1,010pcm |
| May 2014 | 5.9% | £949pcm |
| May 2013 | 2.2% | £897pcm |
| May 2012 | 1.8% | £878pcm |
| May 2011 | 3.2% | £862pcm |
| May 2010 | 4.6% | £835pcm |
| May 2009 | -6.5% | £799pcm |
| May 2008 | 4.9% | £855pcm |
| May 2007 | 0% | £815pcm |
The last sale was on 27th May 2025 for £350,000 and since then the market in the area has decreased by 1.0%. The postcode has had a total of 8 sales since 1995.
CM1 2TU has seen 2 sales in the last three years and no sales in the last twelve months.
CM1 2TU is the 296th largest and the 511th most expensive postcode out of the 1,379 postcodes in the CM1 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around CM1 2TU, 34.4% of property is privately owned with a mortgage and 31.2% is socially rented.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around CM1 2TU, 25.6% of residents are recorded as possessing school level qualifications and 23.8% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around CM1 2TU, the average age was 38.2 and the most common age was 32.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around CM1 2TU, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around CM1 2TU, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.