Redwood Drive - CM1 3LY
Key Postcode Insights
CM1 3LY is a residential postcode situated on Redwood Drive, Writtle, Chelmsford, CM1 with 24 addresses.
It ranks as the 799th largest and 1164th most expensive of the 1,379 postcodes in the CM1 area. The most common property type is a modern house built after 1980.
The postcode contains a total of 24 properties: 18 houses and 6 flats.
- Ave. Sale Price
- £623,418
- 10 Year change
- up 14.0%
- Ave. Rental Price
- £2,185pcm
- 10 Year change
- up 48.7%
- Ave. £ per ft²
- £499/ft²
- Ave. Gross Yield
- 4.2%/year/yr
Key Postcode Insights
CM1 3LY is a residential postcode situated on Redwood Drive, Writtle, Chelmsford, CM1 with 24 addresses.
It ranks as the 799th largest and 1164th most expensive of the 1,379 postcodes in the CM1 area. The most common property type is a modern house built after 1980.
The postcode contains a total of 24 properties: 18 houses and 6 flats.
- Ave. Sale Price
- £623,418
- 10 Year change
- up 14.0%
- Ave. Rental Price
- £2,185pcm
- 10 Year change
- up 48.7%
- Ave. £ per ft²
- £499/ft²
- Ave. Gross Yield
- 4.2%/year/yr
Explore Propertiesin CM1 3LY
- 1 Redwood Drive
4 Bed Mid-century House
- 2 Redwood Drive
5 Bed Modern House
- 3 Redwood Drive
3 Bed Modern Flat
- 4 Redwood Drive
Unknown
Sales Market Trends
The last sale in CM1 3LY sold for £575,000 on 23rd March 2022. Since then prices are down an average of 1.8%.
The current average value in the postcode is £623,418.
The CM1 3LY Sales Market has increased by 14.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.2% | £623,418 |
| June 2025 | 0.8% | £637,265 |
| June 2024 | -2.5% | £631,924 |
| June 2023 | -0.5% | £647,914 |
| June 2022 | 7.3% | £651,483 |
| June 2021 | 4.1% | £606,979 |
| June 2020 | 1.4% | £583,034 |
| June 2019 | 0.5% | £574,946 |
| June 2018 | 0.3% | £572,181 |
| June 2017 | 4.3% | £570,602 |
| June 2016 | 10.7% | £547,065 |
| June 2015 | 8.9% | £494,189 |
| June 2014 | 10.6% | £453,798 |
| June 2013 | 0.7% | £410,475 |
| June 2012 | 2.1% | £407,527 |
| June 2011 | 1.1% | £399,176 |
| June 2010 | 9.7% | £394,780 |
| June 2009 | -10.9% | £359,938 |
| June 2008 | -0.9% | £403,904 |
| June 2007 | 0% | £407,525 |
Rental Market Trends
The current average rental value in the postcode is £2,185.
The CM1 3LY Rental Market has increased by 48.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3% | £2,185pcm |
| June 2025 | 3.9% | £2,121pcm |
| June 2024 | 7.6% | £2,042pcm |
| June 2023 | 10.7% | £1,898pcm |
| June 2022 | 5.6% | £1,714pcm |
| June 2021 | 5% | £1,623pcm |
| June 2020 | 1.5% | £1,546pcm |
| June 2019 | 2.4% | £1,522pcm |
| June 2018 | -0.1% | £1,487pcm |
| June 2017 | 1.3% | £1,489pcm |
| June 2016 | 3.2% | £1,470pcm |
| June 2015 | 4.3% | £1,424pcm |
| June 2014 | 4.4% | £1,365pcm |
| June 2013 | 2.1% | £1,308pcm |
| June 2012 | 2% | £1,281pcm |
| June 2011 | 3.5% | £1,256pcm |
| June 2010 | 6.3% | £1,214pcm |
| June 2009 | -6.2% | £1,142pcm |
| June 2008 | 4.5% | £1,218pcm |
| June 2007 | 0% | £1,165pcm |
Sales History
The last sale was on 23rd March 2022 for £575,000 and since then the market in the area has decreased by 1.8%. The postcode has had a total of 13 sales since 1995.
CM1 3LY has seen no sales in the last three years and no sales in the last twelve months.
- Sold Mar 2022£575,000 | 4 Bed House22, Redwood Drive, Chelmsford, CM1 3LY22, Redwood Drive, Chelmsford, CM1 3LY
- Sold Dec 2021£650,000 | 4 Bed House1, Redwood Drive, Chelmsford, CM1 3LY1, Redwood Drive, Chelmsford, CM1 3LY
- Sold Jun 2021£865,000 | 4 Bed House16, Redwood Drive, Chelmsford, CM1 3LY16, Redwood Drive, Chelmsford, CM1 3LY
- Sold Jun 2019£835,000 | 5 Bed House2, Redwood Drive, Chelmsford, CM1 3LY2, Redwood Drive, Chelmsford, CM1 3LY
- Sold Sep 2017£545,000 | 3 Bed Flat8, Redwood Drive, Chelmsford, CM1 3LY8, Redwood Drive, Chelmsford, CM1 3LY
Nearby Postcodes
CM1 3LY is the 799th largest and the 1164th most expensive postcode out of the 1,379 postcodes in the CM1 area.
- CM1 3FN, Redwood Drive, Writtle, Chelmsford, CM1CM1 3FN13 Addresses|67 m away
- CM1 3JR, Long Brandocks, Writtle, Chelmsford, CM1CM1 3JR45 Addresses|94 m away
- CM1 3LH, Home Mead, Writtle, Chelmsford, CM1CM1 3LH34 Addresses|102 m away
- CM1 3NE, Longmeads Close, Writtle, Chelmsford, CM1CM1 3NE27 Addresses|113 m away
- CM1 3JN, Long Brandocks, Writtle, Chelmsford, CM1CM1 3JN16 Addresses|146 m away
Property Types
- 5 modern houses built after 1980
- 5 modern flats built after 1980
- 4 mid-century houses built between 1936 and 1979
- 1 mid-century flat built between 1936 and 1979
- 9 other addresses of unknown type
- modern house (5)
- modern flat (5)
- mid-century house (4)
- mid-century flat (1)
- Unknown (9)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 16 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (2)
- F (0)
- C (10)
- G (0)
- D (4)
- No EPC (8)
Top 3 Most Expensive Sales
- Sold May 2023£1,200,000 | 5 Bed House3 Redwood Gardens, Redwood Drive, Chelmsford, CM1 3FN3 Redwood Gardens, Redwood Drive, Chelmsford, CM1 3FN
- Sold Oct 2023£1,050,000 | 5 Bed House2 Redwood Gardens, Redwood Drive, Chelmsford, CM1 3FN2 Redwood Gardens, Redwood Drive, Chelmsford, CM1 3FN
- Sold May 2024£1,000,000 | 2 Bed Flat1 Redwood Gardens, Redwood Drive, Chelmsford, CM1 3FN1 Redwood Gardens, Redwood Drive, Chelmsford, CM1 3FN
Schools Nearby
- Writtle Infant School600 m away
- Writtle Junior School600 m away
- Westlands Community Primary School2.4 km away
- Hylands School1.6 km away
- King Edward VI Grammar School, Chelmsford3.5 km away
- Chelmsford County High School for Girls3.9 km away
More reading links
Public Transport Nearby
The closest station to CM1 3LY is Chelmsford station, which is 3.7 kilometres away.
- Chelmsford|3.7 km away
- Ingatestone|7.2 km away
- Beaulieu Park|7.8 km away
- Billericay|11.1 km away
