Waveney Drive - CM1 7PY
Key Postcode Insights
CM1 7PY is a residential postcode situated on Waveney Drive, Chelmsford, CM1 with 24 addresses.
It ranks as the 814th largest and 497th 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 24 properties: 16 houses and 8 flats.
- Ave. Sale Price
- £308,002
- 10 Year change
- up 18.5%
- Ave. Rental Price
- £1,567pcm
- 10 Year change
- up 51.4%
- Ave. £ per ft²
- £359/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Key Postcode Insights
CM1 7PY is a residential postcode situated on Waveney Drive, Chelmsford, CM1 with 24 addresses.
It ranks as the 814th largest and 497th 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 24 properties: 16 houses and 8 flats.
- Ave. Sale Price
- £308,002
- 10 Year change
- up 18.5%
- Ave. Rental Price
- £1,567pcm
- 10 Year change
- up 51.4%
- Ave. £ per ft²
- £359/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Explore Propertiesin CM1 7PY
- 2 Waveney Drive
2 Bed Mid-century Flat
- 4 Waveney Drive
2 Bed Mid-century Flat
- 6 Waveney Drive
2 Bed Mid-century Flat
- 8 Waveney Drive
2 Bed Mid-century Flat
- 10 Waveney Drive
3 Bed House
Sales Market Trends
The last sale in CM1 7PY sold for £212,500 on 30th January 2026. Since then prices have on average remained the same.
The current average value in the postcode is £308,002.
The CM1 7PY Sales Market has increased by 18.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.9% | £308,002 |
| June 2025 | 2.1% | £314,072 |
| June 2024 | -2% | £307,511 |
| June 2023 | 0.1% | £313,794 |
| June 2022 | 7.2% | £313,505 |
| June 2021 | 5.1% | £292,573 |
| June 2020 | 1.3% | £278,486 |
| June 2019 | -0.9% | £274,956 |
| June 2018 | 0.3% | £277,332 |
| June 2017 | 6.3% | £276,370 |
| June 2016 | 12.3% | £260,004 |
| June 2015 | 10.9% | £231,446 |
| June 2014 | 10.2% | £208,684 |
| June 2013 | 0.7% | £189,344 |
| June 2012 | 1.6% | £188,001 |
| June 2011 | 1.3% | £185,110 |
| June 2010 | 8.2% | £182,694 |
| June 2009 | -10.8% | £168,879 |
| June 2008 | -3.6% | £189,387 |
| June 2007 | 0% | £196,467 |
Rental Market Trends
The current average rental value in the postcode is £1,567.
The CM1 7PY Rental Market has increased by 51.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3% | £1,567pcm |
| June 2025 | 4.5% | £1,522pcm |
| June 2024 | 8.4% | £1,456pcm |
| June 2023 | 10.3% | £1,343pcm |
| June 2022 | 6.3% | £1,218pcm |
| June 2021 | 5% | £1,145pcm |
| June 2020 | 1.6% | £1,090pcm |
| June 2019 | 1.3% | £1,073pcm |
| June 2018 | 0.3% | £1,059pcm |
| June 2017 | 1.9% | £1,056pcm |
| June 2016 | 4.4% | £1,036pcm |
| June 2015 | 5.2% | £991pcm |
| June 2014 | 4.8% | £943pcm |
| June 2013 | 2.1% | £899pcm |
| June 2012 | 1.5% | £881pcm |
| June 2011 | 2.9% | £868pcm |
| June 2010 | 5.7% | £843pcm |
| June 2009 | -6.7% | £797pcm |
| June 2008 | 4.2% | £855pcm |
| June 2007 | 0% | £820pcm |
Sales History
The last sale was on 30th January 2026 for £212,500 and since then the market in the area has remained stable. The postcode has had a total of 38 sales since 1995.
CM1 7PY has seen 2 sales in the last three years and 1 sale in the last twelve months.
- Sold Jan 2026£212,500 | 2 Bed Flat6, Waveney Drive, Chelmsford, CM1 7PY6, Waveney Drive, Chelmsford, CM1 7PY
- Sold Mar 2024£325,000 | 3 Bed House14, Waveney Drive, Chelmsford, CM1 7PY14, Waveney Drive, Chelmsford, CM1 7PY
- Sold Apr 2019£305,000 | 3 Bed House22, Waveney Drive, Chelmsford, CM1 7PY22, Waveney Drive, Chelmsford, CM1 7PY
- Sold Jan 2019£342,500 | 3 Bed House30, Waveney Drive, Chelmsford, CM1 7PY30, Waveney Drive, Chelmsford, CM1 7PY
- Sold Apr 2017£206,000 | 2 Bed Flat6, Waveney Drive, Chelmsford, CM1 7PY6, Waveney Drive, Chelmsford, CM1 7PY
Nearby Postcodes
CM1 7PY is the 814th largest and the 497th most expensive postcode out of the 1,379 postcodes in the CM1 area.
- CM1 7QQ, Meon Close, Chelmsford, CM1CM1 7QQ41 Addresses|71 m away
- CM1 7QP, Meon Close, Chelmsford, CM1CM1 7QP6 Addresses|113 m away
- CM1 7PT, Wear Drive, Chelmsford, CM1CM1 7PT46 Addresses|119 m away
- CM1 6NP, Lawn Lane, Chelmsford, CM1CM1 6NP13 Addresses|126 m away
- CM1 7QG, Meon Close, Chelmsford, CM1CM1 7QG39 Addresses|131 m away
Property Types
- 9 mid-century houses built between 1936 and 1979
- 6 mid-century flats built between 1936 and 1979
- 1 house of an unknown age
- 8 other addresses of unknown type
- mid-century house (9)
- mid-century flat (6)
- house (1)
- Unknown (8)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 15 properties.
- The most common rating is D.
- A (0)
- E (3)
- B (0)
- F (0)
- C (3)
- G (0)
- D (9)
- No EPC (9)
Top 3 Most Expensive Sales
- Sold Mar 2025£550,000 | 3 Bed House37, Waveney Drive, Chelmsford, CM1 7PX37, Waveney Drive, Chelmsford, CM1 7PX
- Sold Jun 2020£545,000 | 4 Bed House5, Waveney Drive, Chelmsford, CM1 7PX5, Waveney Drive, Chelmsford, CM1 7PX
- Sold Feb 2025£521,000 | 4 Bed House33, Waveney Drive, Chelmsford, CM1 7PX33, Waveney Drive, Chelmsford, CM1 7PX
Schools Nearby
- Perryfields Junior School200 m away
- Perryfields Infant School200 m away
- The Tyrrells School500 m away
- The Boswells School400 m away
- Chelmsford County High School for Girls1.3 km away
- St John Payne Catholic School, Chelmsford1.5 km away
More reading links
Public Transport Nearby
The closest station to CM1 7PY is Chelmsford station, which is 1.8 kilometres away.
- Chelmsford|1.8 km away
- Beaulieu Park|2.6 km away
- Hatfield Peverel|8.2 km away
- Ingatestone|11.4 km away
