CM1 7RA is a residential postcode situated on Springfield Road, Chelmsford, CM1 with 16 addresses.
It ranks as the 613th largest and 299th most expensive of the 1,379 postcodes in the CM1 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 16 properties: 8 houses and 8 flats.
CM1 7RA is a residential postcode situated on Springfield Road, Chelmsford, CM1 with 16 addresses.
It ranks as the 613th largest and 299th most expensive of the 1,379 postcodes in the CM1 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 16 properties: 8 houses and 8 flats.
Sale prices range from £197,128 for 2 bedroom Leasehold flats (505 ft2) to £481,476 for 4 bedroom freehold houses with a garden (1,302 ft2) .
Monthly rental prices range from £1,140 pcm for 2 bed flats to £1,970 pcm for 4 bed houses.
The gross rental yield is between 4.9% and 6.9%.
The average value per square foot is £417.
The last sale in CM1 7RA sold for £384,900 on 25th June 2025. Since then prices are down an average of 3.7%.
The current average value in the postcode is £294,704.
The CM1 7RA Sales Market has increased by 14.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.6% | £294,704 |
| April 2025 | 1.1% | £305,847 |
| April 2024 | -2.7% | £302,371 |
| April 2023 | 1.3% | £310,644 |
| April 2022 | 7.1% | £306,614 |
| April 2021 | 3.6% | £286,418 |
| April 2020 | 0.6% | £276,382 |
| April 2019 | -0.1% | £274,682 |
| April 2018 | 0.9% | £275,025 |
| April 2017 | 6.2% | £272,636 |
| April 2016 | 11.3% | £256,788 |
| April 2015 | 9.7% | £230,678 |
| April 2014 | 9.5% | £210,219 |
| April 2013 | 2.9% | £192,028 |
| April 2012 | 1% | £186,673 |
| April 2011 | -0.9% | £184,803 |
| April 2010 | 7.2% | £186,414 |
| April 2009 | -12.2% | £173,919 |
| April 2008 | 1% | £198,141 |
| April 2007 | 0% | £196,205 |
The current average rental value in the postcode is £1,425.
The CM1 7RA Rental Market has increased by 48.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.7% | £1,425pcm |
| April 2025 | 4.4% | £1,388pcm |
| April 2024 | 9.1% | £1,329pcm |
| April 2023 | 10% | £1,218pcm |
| April 2022 | 5.5% | £1,108pcm |
| April 2021 | 3.9% | £1,051pcm |
| April 2020 | 1.6% | £1,011pcm |
| April 2019 | 1.5% | £995pcm |
| April 2018 | -0.6% | £980pcm |
| April 2017 | 2.4% | £986pcm |
| April 2016 | 4.5% | £963pcm |
| April 2015 | 3.2% | £922pcm |
| April 2014 | 4.8% | £893pcm |
| April 2013 | 4.1% | £852pcm |
| April 2012 | 1.7% | £819pcm |
| April 2011 | 2.4% | £805pcm |
| April 2010 | 3.2% | £786pcm |
| April 2009 | -6.6% | £762pcm |
| April 2008 | 5.9% | £816pcm |
| April 2007 | 0% | £770pcm |
The last sale was on 25th June 2025 for £384,900 and since then the market in the area has decreased by 3.7%. The postcode has had a total of 13 sales since 1995.
CM1 7RA has seen 2 sales in the last three years and 1 sale in the last twelve months.
CM1 7RA is the 613th largest and the 299th most expensive postcode out of the 1,379 postcodes in the CM1 area.
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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.
The recent census recorded whether a resident owned or rented their home.
In the area around CM1 7RA, 33.3% of property is privately owned with a mortgage and 30.6% is privately owned outright.
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 7RA, 23.1% of residents are recorded as possessing school level qualifications and 46.0% 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 7RA, the average age was 38.9 and the most common age was 52.
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 7RA, 2.0% 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 7RA, 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.