8, Wear Drive
8, Wear Drive
Description & Estimates
8, Wear Drive, Chelmsford is recorded publicly as a mid-century leasehold apartment across 538 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 8, Wear Drive, Chelmsford is £192,128 and its rental estimate is £1,179 per month, given the available information and assuming reasonable condition.
Wear Drive, Chelmsford, CM1 falls within the CM1 postal district, in the borough of Chelmsford.
Our Data Sources
8, Wear Drive, Chelmsford has 21 entries in the Land Registry , most recently in May 2009 and a single entry in the EPC database dated May 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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 8, Wear Drive, Chelmsford, we estimate a market value of £201,735 and a rental value of £1,238 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £178,679 and £1,097 per month respectively.
Recent Market Change
Over the last year, 8, Wear Drive, Chelmsford has seen its estimated sale value move down by £2,739 (1.4%) and its estimated rental value increase by £34 per month (2.9%). This results in an estimated gross rental yield of 7.4%.
Energy Efficiency
8, Wear Drive, Chelmsford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 May 2014.
The property is not connected to mains gas and has single glazeddouble glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 8, Wear Drive, Chelmsford completed on 7th May 2009 at £137,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 57.3% over the period since May 2009.
- Sold May 2009£137,500
- Sold Jul 2006£132,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Wear Drive, Chelmsford have sold within a radius of 670 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th October 2025, was 1, Wear Drive, Chelmsford, CM1 7PT, a leasehold flat which sold for £230,000.
Read more about house prices in CM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 62 addresses on Wear Drive, Chelmsford, CM1, 8, Wear Drive, Chelmsford comes out as the 61st largest and the 58th most expensive in our analysis of the public data.
It is also £223k less expensive than the average property across the CM1 district.
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Schools Nearby
- 100mPerryfields Infant School
- 200mPerryfields Junior School
- 500mThe Tyrrells School
- 400mThe Boswells School
- 1.4kmChelmsford County High School for Girls
- 1.5kmSt John Payne Catholic School, Chelmsford
More reading links
Public Transport Nearby
From 8, Wear Drive, Chelmsford, the nearest station is Chelmsford, 1.9 kilometres away.
- 1.9kmChelmsford
- 2.5kmBeaulieu Park
- 8.1kmHatfield Peverel
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
