Wear Drive - CM1 7PT
Key Postcode Insights
CM1 7PT is a residential postcode situated on Wear Drive, Chelmsford, CM1 with 46 addresses.
It ranks as the 1194th largest and 607th most expensive of the 1,379 postcodes in the CM1 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 46 properties: 28 houses and 18 flats.
- Ave. Sale Price
- £327,492
- 10 Year change
- up 18.5%
- Ave. Rental Price
- £1,624pcm
- 10 Year change
- up 51.4%
- Ave. £ per ft²
- £352/ft²
- Ave. Gross Yield
- 6.0%/year/yr
Key Postcode Insights
CM1 7PT is a residential postcode situated on Wear Drive, Chelmsford, CM1 with 46 addresses.
It ranks as the 1194th largest and 607th most expensive of the 1,379 postcodes in the CM1 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 46 properties: 28 houses and 18 flats.
- Ave. Sale Price
- £327,492
- 10 Year change
- up 18.5%
- Ave. Rental Price
- £1,624pcm
- 10 Year change
- up 51.4%
- Ave. £ per ft²
- £352/ft²
- Ave. Gross Yield
- 6.0%/year/yr
Explore Propertiesin CM1 7PT
- 1 Wear Drive
2 Bed Mid-century Flat
- 2 Wear Drive
2 Bed Mid-century Flat
- 3 Wear Drive
2 Bed Mid-century Flat
- 4 Wear Drive
2 Bed Mid-century Flat
- 5 Wear Drive
2 Bed Mid-century Flat
Sales Market Trends
The last sale in CM1 7PT sold for £230,000 on 15th October 2025. Since then prices are down an average of 0.5%.
The current average value in the postcode is £327,492.
The CM1 7PT Sales Market has increased by 18.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.9% | £327,492 |
| June 2025 | 2.1% | £333,946 |
| June 2024 | -2% | £326,970 |
| June 2023 | 0.1% | £333,650 |
| June 2022 | 7.2% | £333,343 |
| June 2021 | 5.1% | £311,087 |
| June 2020 | 1.3% | £296,108 |
| June 2019 | -0.9% | £292,354 |
| June 2018 | 0.3% | £294,881 |
| June 2017 | 6.3% | £293,858 |
| June 2016 | 12.3% | £276,456 |
| June 2015 | 10.9% | £246,092 |
| June 2014 | 10.2% | £221,889 |
| June 2013 | 0.7% | £201,326 |
| June 2012 | 1.6% | £199,898 |
| June 2011 | 1.3% | £196,824 |
| June 2010 | 8.2% | £194,255 |
| June 2009 | -10.8% | £179,565 |
| June 2008 | -3.6% | £201,371 |
| June 2007 | 0% | £208,899 |
Rental Market Trends
The current average rental value in the postcode is £1,624.
The CM1 7PT Rental Market has increased by 51.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3% | £1,624pcm |
| June 2025 | 4.5% | £1,577pcm |
| June 2024 | 8.4% | £1,509pcm |
| June 2023 | 10.3% | £1,392pcm |
| June 2022 | 6.3% | £1,262pcm |
| June 2021 | 5% | £1,186pcm |
| June 2020 | 1.6% | £1,130pcm |
| June 2019 | 1.3% | £1,112pcm |
| June 2018 | 0.3% | £1,097pcm |
| June 2017 | 1.9% | £1,094pcm |
| June 2016 | 4.4% | £1,073pcm |
| June 2015 | 5.2% | £1,027pcm |
| June 2014 | 4.8% | £977pcm |
| June 2013 | 2.1% | £932pcm |
| June 2012 | 1.5% | £913pcm |
| June 2011 | 2.9% | £899pcm |
| June 2010 | 5.7% | £873pcm |
| June 2009 | -6.7% | £826pcm |
| June 2008 | 4.2% | £886pcm |
| June 2007 | 0% | £850pcm |
Sales History
The last sale was on 15th October 2025 for £230,000 and since then the market in the area has decreased by 0.5%. The postcode has had a total of 60 sales since 1995.
CM1 7PT has seen 5 sales in the last three years and 1 sale in the last twelve months.
- Sold Oct 2025£230,000 | 2 Bed Flat1, Wear Drive, Chelmsford, CM1 7PT1, Wear Drive, Chelmsford, CM1 7PT
- Sold Mar 2025£180,000 | 2 Bed Flat29, Wear Drive, Chelmsford, CM1 7PT29, Wear Drive, Chelmsford, CM1 7PT
- Sold Feb 2025£185,000 | 2 Bed Flat31, Wear Drive, Chelmsford, CM1 7PT31, Wear Drive, Chelmsford, CM1 7PT
- Sold May 2024£230,000 | 2 Bed Flat5, Wear Drive, Chelmsford, CM1 7PT5, Wear Drive, Chelmsford, CM1 7PT
- Sold Jan 2023£385,000 | 3 Bed House53, Wear Drive, Chelmsford, CM1 7PT53, Wear Drive, Chelmsford, CM1 7PT
Nearby Postcodes
CM1 7PT is the 1194th largest and the 607th most expensive postcode out of the 1,379 postcodes in the CM1 area.
- CM1 6PR, Lawn Lane, Chelmsford, CM1CM1 6PR10 Addresses|61 m away
- CM1 7PY, Waveney Drive, Chelmsford, CM1CM1 7PY24 Addresses|119 m away
- CM1 6PS, Lawn Lane, Chelmsford, CM1CM1 6PS12 Addresses|121 m away
- CM1 7QW, Boyne Drive, Chelmsford, CM1CM1 7QW28 Addresses|128 m away
- CM1 7PU, Wear Drive, Chelmsford, CM1CM1 7PU16 Addresses|130 m away
Property Types
- 16 mid-century houses built between 1936 and 1979
- 13 mid-century flats built between 1936 and 1979
- 17 other addresses of unknown type
- mid-century house (16)
- mid-century flat (13)
- Unknown (17)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 29 properties.
- The most common rating is D.
- A (0)
- E (4)
- B (0)
- F (2)
- C (6)
- G (0)
- D (17)
- No EPC (17)
Top 3 Most Expensive Sales
- Sold Dec 2025£450,000 | 4 Bed House60, Wear Drive, Chelmsford, CM1 7PU60, Wear Drive, Chelmsford, CM1 7PU
- Sold Feb 2024£411,000 | 4 Bed House44, Wear Drive, Chelmsford, CM1 7PU44, Wear Drive, Chelmsford, CM1 7PU
- Sold Jan 2023£385,000 | 3 Bed House53, Wear Drive, Chelmsford, CM1 7PT53, Wear Drive, Chelmsford, CM1 7PT
Schools Nearby
- Perryfields Infant School100 m away
- Perryfields Junior School200 m away
- The Tyrrells School500 m away
- The Boswells School400 m away
- Chelmsford County High School for Girls1.4 km away
- St John Payne Catholic School, Chelmsford1.5 km away
More reading links
Public Transport Nearby
The closest station to CM1 7PT is Chelmsford station, which is 1.9 kilometres away.
- Chelmsford|1.9 km away
- Beaulieu Park|2.5 km away
- Hatfield Peverel|8.1 km away
- Ingatestone|11.5 km away
