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The Drive is a residential street with 27 addresses.
It ranks as the 427th largest and 548th most expensive of the 813 streets in the CM1 area. The dominant property type is a early-century house built between 1912 and 1935.
The street contains a total of 27 properties: 23 houses and 4 flats.
The Drive is a residential street with 27 addresses.
It ranks as the 427th largest and 548th most expensive of the 813 streets in the CM1 area. The dominant property type is a early-century house built between 1912 and 1935.
The street contains a total of 27 properties: 23 houses and 4 flats.
Sale prices range from £237,280 for 2 bedroom leasehold flats (645 ft2) to £711,940 for 5 bedroom freehold houses with a garden (1,883 ft2) .
Monthly rental prices range from £1,237 pcm for 2 bed flats to £2,515 pcm for 5 bed houses.
The gross rental yield is between 4.0% and 6.3%.
The average value per square foot is £452.
The last sale on The Drive sold for £622,500 on 8th July 2022. Since then prices are down an average of 1.0%.
The current average value in the street is £489,063.
The The Drive Sales Market has increased by 20.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.3% | £489,063 |
| May 2025 | 2.2% | £495,675 |
| May 2024 | -2.9% | £485,186 |
| May 2023 | 1.6% | £499,782 |
| May 2022 | 6.3% | £492,148 |
| May 2021 | 4.8% | £462,879 |
| May 2020 | 1.5% | £441,789 |
| May 2019 | -0.6% | £435,406 |
| May 2018 | 0.4% | £437,977 |
| May 2017 | 7.2% | £436,443 |
| May 2016 | 11% | £407,163 |
| May 2015 | 9.6% | £366,965 |
| May 2014 | 9.3% | £334,932 |
| May 2013 | 0.1% | £306,397 |
| May 2012 | 1.7% | £305,959 |
| May 2011 | 2% | £300,960 |
| May 2010 | 9% | £294,917 |
| May 2009 | -11.8% | £270,677 |
| May 2008 | -1.5% | £306,802 |
| May 2007 | 0% | £311,500 |
The current average rental value in the street is £1,882.
The The Drive Rental Market has increased by 50.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.8% | £1,882pcm |
| May 2025 | 4.3% | £1,830pcm |
| May 2024 | 8.5% | £1,755pcm |
| May 2023 | 10.5% | £1,617pcm |
| May 2022 | 5.5% | £1,463pcm |
| May 2021 | 4.8% | £1,386pcm |
| May 2020 | 1.7% | £1,323pcm |
| May 2019 | 1.9% | £1,301pcm |
| May 2018 | -0.5% | £1,277pcm |
| May 2017 | 2.6% | £1,283pcm |
| May 2016 | 3.6% | £1,251pcm |
| May 2015 | 3.7% | £1,208pcm |
| May 2014 | 4.2% | £1,165pcm |
| May 2013 | 2% | £1,118pcm |
| May 2012 | 2% | £1,096pcm |
| May 2011 | 3.3% | £1,074pcm |
| May 2010 | 5.2% | £1,040pcm |
| May 2009 | -6% | £989pcm |
| May 2008 | 5.3% | £1,052pcm |
| May 2007 | 0% | £999pcm |
The last sale was on 8th July 2022 for £622,500 and since then the market in the area has decreased by 1.0%. The street has had a total of 33 sales since 1995.
The Drive, Chelmsford, CM1 has seen no sales in the last three years and no sales in the last twelve months.
The Drive, Chelmsford, CM1 is the 427th largest and the 548th most expensive street in the CM1 area.
There is 1 postcode on The Drive, Chelmsford, CM1.
The closest station to The Drive, Chelmsford, CM1 is Chelmsford station which is 1.5 kilometres away.
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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 The Drive, Chelmsford, CM1, 46.0% of property is privately owned outright and 40.5% is privately owned with a mortgage.
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 The Drive, Chelmsford, CM1, 18.2% of residents are recorded as possessing school level qualifications and 39.9% 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 The Drive, Chelmsford, CM1, the average age was 43.2 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 The Drive, Chelmsford, CM1, 0.0% 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 The Drive, Chelmsford, CM1, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.