Waveney Drive - CM1 7PZ
Key Postcode Insights
CM1 7PZ is a residential postcode situated on Waveney Drive, Chelmsford, CM1 with 36 addresses.
It ranks as the 1049th largest and 413th most expensive of the 1,379 postcodes in the CM1 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 36 properties: 20 houses and 16 flats.
- Ave. Sale Price
- £290,168
- 10 Year change
- up 16.4%
- Ave. Rental Price
- £1,459pcm
- 10 Year change
- up 48.7%
- Ave. £ per ft²
- £352/ft²
- Ave. Gross Yield
- 6.0%/year/yr
Key Postcode Insights
CM1 7PZ is a residential postcode situated on Waveney Drive, Chelmsford, CM1 with 36 addresses.
It ranks as the 1049th largest and 413th most expensive of the 1,379 postcodes in the CM1 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 36 properties: 20 houses and 16 flats.
- Ave. Sale Price
- £290,168
- 10 Year change
- up 16.4%
- Ave. Rental Price
- £1,459pcm
- 10 Year change
- up 48.7%
- Ave. £ per ft²
- £352/ft²
- Ave. Gross Yield
- 6.0%/year/yr
Explore Propertiesin CM1 7PZ
- 45 Waveney Drive
2 Bed Mid-century Flat
- 47 Waveney Drive
2 Bed Mid-century Flat
- 49 Waveney Drive
2 Bed Mid-century Flat
- 50 Waveney Drive
House
- 51 Waveney Drive
2 Bed Mid-century Flat
Sales Market Trends
The last sale in CM1 7PZ sold for £240,000 on 30th August 2024. Since then prices are down an average of 0.9%.
The current average value in the postcode is £290,168.
The CM1 7PZ Sales Market has increased by 16.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.9% | £290,168 |
| June 2025 | 1.8% | £295,719 |
| June 2024 | -1.7% | £290,479 |
| June 2023 | -0.1% | £295,524 |
| June 2022 | 6.7% | £295,967 |
| June 2021 | 4.6% | £277,292 |
| June 2020 | 1.4% | £265,212 |
| June 2019 | -1.1% | £261,427 |
| June 2018 | 0.1% | £264,441 |
| June 2017 | 6% | £264,300 |
| June 2016 | 12.6% | £249,259 |
| June 2015 | 10.7% | £221,424 |
| June 2014 | 9.9% | £200,078 |
| June 2013 | 0.8% | £182,125 |
| June 2012 | 1% | £180,727 |
| June 2011 | 1.1% | £178,894 |
| June 2010 | 7.4% | £176,959 |
| June 2009 | -11% | £164,693 |
| June 2008 | -3.5% | £185,065 |
| June 2007 | 0% | £191,820 |
Rental Market Trends
The current average rental value in the postcode is £1,459.
The CM1 7PZ Rental Market has increased by 48.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3% | £1,459pcm |
| June 2025 | 4.2% | £1,416pcm |
| June 2024 | 8.7% | £1,359pcm |
| June 2023 | 10.1% | £1,250pcm |
| June 2022 | 5.9% | £1,135pcm |
| June 2021 | 4.5% | £1,072pcm |
| June 2020 | 1.8% | £1,026pcm |
| June 2019 | 1.1% | £1,008pcm |
| June 2018 | 0% | £997pcm |
| June 2017 | 1.7% | £997pcm |
| June 2016 | 4.7% | £981pcm |
| June 2015 | 5% | £937pcm |
| June 2014 | 4.5% | £893pcm |
| June 2013 | 2.1% | £854pcm |
| June 2012 | 1% | £837pcm |
| June 2011 | 2.7% | £828pcm |
| June 2010 | 5% | £806pcm |
| June 2009 | -6.9% | £768pcm |
| June 2008 | 4.3% | £825pcm |
| June 2007 | 0% | £791pcm |
Sales History
The last sale was on 30th August 2024 for £240,000 and since then the market in the area has decreased by 0.9%. The postcode has had a total of 55 sales since 1995.
CM1 7PZ has seen 5 sales in the last three years and no sales in the last twelve months.
- Sold Aug 2024£240,000 | 2 Bed Flat89, Waveney Drive, Chelmsford, CM1 7PZ89, Waveney Drive, Chelmsford, CM1 7PZ
- Sold May 2024£230,000 | 2 Bed Flat85, Waveney Drive, Chelmsford, CM1 7PZ85, Waveney Drive, Chelmsford, CM1 7PZ
- Sold Oct 2023£210,000 | 2 Bed Flat51, Waveney Drive, Chelmsford, CM1 7PZ51, Waveney Drive, Chelmsford, CM1 7PZ
- Sold Aug 2023£209,000 | 1 Bed Flat53, Waveney Drive, Chelmsford, CM1 7PZ53, Waveney Drive, Chelmsford, CM1 7PZ
- Sold Mar 2023£272,500 | 3 Bed House62, Waveney Drive, Chelmsford, CM1 7PZ62, Waveney Drive, Chelmsford, CM1 7PZ
Nearby Postcodes
CM1 7PZ is the 1049th largest and the 413th most expensive postcode out of the 1,379 postcodes in the CM1 area.
- CM1 7QH, Tees Road, Chelmsford, CM1CM1 7QH60 Addresses|76 m away
- CM1 7QN, Tamar Rise, Chelmsford, CM1CM1 7QN44 Addresses|117 m away
- CM1 7QJ, Blackwater Close, Chelmsford, CM1CM1 7QJ32 Addresses|119 m away
- CM1 7QA, Waveney Drive, Chelmsford, CM1CM1 7QA46 Addresses|127 m away
- CM1 7QE, Arun Close, Chelmsford, CM1CM1 7QE10 Addresses|128 m away
Property Types
- 10 mid-century houses built between 1936 and 1979
- 11 mid-century flats built between 1936 and 1979
- 15 other addresses of unknown type
- mid-century house (10)
- mid-century flat (11)
- Unknown (15)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 21 properties.
- The most common rating is C.
- A (0)
- E (4)
- B (0)
- F (0)
- C (10)
- G (0)
- D (7)
- No EPC (15)
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 Infant School400 m away
- Perryfields Junior School500 m away
- The Tyrrells School800 m away
- The Boswells School700 m away
- Chelmsford County High School for Girls1.2 km away
- St John Payne Catholic School, Chelmsford1.2 km away
More reading links
Public Transport Nearby
The closest station to CM1 7PZ is Chelmsford station, which is 1.8 kilometres away.
- Chelmsford|1.8 km away
- Beaulieu Park|2.8 km away
- Hatfield Peverel|8.3 km away
- Ingatestone|11.4 km away
