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According to the public record, 2, Wear Drive, Chelmsford is a mid-century leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Wear Drive, Chelmsford is £206,677 and the estimated rental value is £1,221 per month.
Wear Drive, Chelmsford, CM1 is located in the borough of Chelmsford within the CM1 postal district.
2, Wear Drive, Chelmsford has 21 entries in the Land Registry , most recently in September 2012 and a single entry in the EPC database dated October 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Wear Drive, Chelmsford is in very good condition we estimate a sale value of £217,011 and a rental value of £1,282 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £192,210 and a rental value of £1,135 per month.
Over the past 12 months, the estimated sale value of 2, Wear Drive, Chelmsford has moved down by £2,946 (1.4%), while its estimated rental value has increased by £36 per month (2.9%). Based on current estimates, the property offers a gross rental yield of 7.1%.
2, Wear Drive, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Oct 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Wear Drive, Chelmsford was last sold on 7th September 2012 for £125,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since September 2012, the market for similar properties has risen by 47.2%.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Wear Drive, Chelmsford within a radius of 670 metres over the last 2 years.
The most recent example is 6, Waveney Drive, Chelmsford, CM1 7PY, a leasehold flat which sold for £212,500 on the 30th January 2026.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wear Drive, Chelmsford, CM1 has a total of 62 addresses. According to our analysis of all the public data, 2, Wear Drive, Chelmsford is the 47th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £208k less expensive than the average property in CM1.
The closest station to 2, Wear Drive, Chelmsford is Chelmsford station, which is 1.9 kilometres away.
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 2, Wear Drive, Chelmsford, 50.0% of property is privately owned outright and 33.6% 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 2, Wear Drive, Chelmsford, 19.7% of residents are recorded as possessing school level qualifications and 33.7% 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 2, Wear Drive, Chelmsford, the average age was 39.5 and the most common age was 32.
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 2, Wear Drive, Chelmsford, 0.9% 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 2, Wear Drive, Chelmsford, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
