Housing Market Analysis for WEAR DRIVE, CM1 7PU

Are you looking to understand CM1 7PU house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Chelmsford postcode.

For the location information and nearby amenities in the CM1 7PU area, explore the CM1 7PU Area information page.
For comprehensive crime statistics in the CM1 7PU area, explore the CM1 7PU Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the CM1 7PU postcode area, The average prices are as follows,

Terraced
- The average price is around £301,800 median price is £370,000 Standard Deviation is £101,409 with Total Sold: 5
- The Last 5 Year average price is £383,667 with Total Sold: 3
- The most recent sale happened at this postcode is 42 WEAR DRIVE: £370,000 (Sold on 13 Oct 2023)
- The first recorded sale happened at this postcode is 44 WEAR DRIVE: £411,000 (Sold on 12 Feb 2024)
Semi-Detached
- The average price is around £185,095 median price is £205,000 Standard Deviation is £102,074 with Total Sold: 10
- The most recent sale happened at this postcode is 54 WEAR DRIVE: £345,000 (Sold on 28 Aug 2015)
- The first recorded sale happened at this postcode is 62 WEAR DRIVE: £76,000 (Sold on 15 Dec 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average CM1 7PU house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£370,000	£3,700	2
2004	£183,000	£1,710	1
2003	£175,000	£1,750	1
2024	£411,000		1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2015	£326,250	£3,136	2
2014	£250,000	£2,404	1
2013	£205,000	£2,037	2
2011	£55,000	£519	1
2006	£245,950	£2,320	1
2000	£127,000	£1,198	1
1996	£34,500		1
1995	£76,000	£717	1

All the Sales in the WEAR DRIVE, CM1 7PU

See the table below for more details on the sold house prices in the CM1 7PU, Chelmsford postcode.

Address	Sold Date	Price	% Change
42 WEAR DRIVETerraced, FreeholdArea: 100 Sq.mtrAge: 1983-1990	13 Oct 2023	£370,000	0.0
	13 Oct 2023	£370,000	111.43%
	29 Sep 2003	£175,000	First Sale
54 WEAR DRIVESemi-Detached, FreeholdArea: 105 Sq.mtrAge: 1967-1975	28 Aug 2015	£345,000	First Sale
56 WEAR DRIVESemi-Detached, FreeholdArea: 103 Sq.mtrAge: 1967-1975	24 Apr 2015	£307,500	First Sale
46 WEAR DRIVESemi-Detached, FreeholdArea: 104 Sq.mtrAge: 1950-1966	04 Apr 2014	£250,000	First Sale
62 WEAR DRIVESemi-Detached, FreeholdArea: 106 Sq.mtrAge: 1967-1975	01 Nov 2013	£200,000	263.64%
	18 Oct 2011	£55,000	-77.64%
	28 Nov 2006	£245,950	93.66%
	26 Apr 2000	£127,000	67.11%
	15 Dec 1995	£76,000	First Sale
48 WEAR DRIVESemi-Detached, FreeholdArea: 96 Sq.mtrAge: 1950-1966	05 Sep 2013	£210,000	First Sale
44 WEAR DRIVETerraced, FreeholdArea: 107 Sq.mtrAge: 1950-1966	02 Feb 2004	£183,000	-55.47%
	12 Feb 2024	£411,000	First Sale
60 WEAR DRIVESemi-Detached, Freehold	28 Jun 1996	£34,500	First Sale

Check out the sold house prices near the CM1 7PU postcode. Properties currently for saleProperties currently for rent

WEAR DRIVE, CM1 7PU Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the CM1 7PU postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the CM1 7PU postcode.

Detached
- The average price is around £298,595 median price is £277,500 Standard Deviation is £158,033 with Total Sold: 484
- The Last 5 Year average price is £517,226 with Total Sold: 79
- The most recent sale happened at this postcode is , 105 HUMBER ROAD: £665,000 (Sold on 03 Sep 2024)
- The first recorded sale happened at this postcode is , 12 MAYNE CREST: £95,000 (Sold on 23 Jan 1995)
Flat
- The average price is around £113,271 median price is £120,000 Standard Deviation is £55,938 with Total Sold: 435
- The Last 5 Year average price is £207,080 with Total Sold: 43
- The most recent sale happened at this postcode is , 89 WAVENEY DRIVE: £240,000 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is , 8 TEES ROAD: £35,000 (Sold on 13 Jan 1995)
Semi-Detached
- The average price is around £220,739 median price is £215,000 Standard Deviation is £113,320 with Total Sold: 700
- The Last 5 Year average price is £380,264 with Total Sold: 118
- The most recent sale happened at this postcode is , 6 DARTMOUTH ROAD: £392,500 (Sold on 28 Jun 2024)
- The first recorded sale happened at this postcode is , 29 DOWNSWAY: £68,000 (Sold on 10 Jan 1995)
Terraced
- The average price is around £220,462 median price is £205,000 Standard Deviation is £113,629 with Total Sold: 310
- The Last 5 Year average price is £348,499 with Total Sold: 70
- The most recent sale happened at this postcode is , 14 WINDRUSH DRIVE: £245,000 (Sold on 22 May 2024)
- The first recorded sale happened at this postcode is , 15 WEAR DRIVE: £54,000 (Sold on 31 Mar 1995)
Other
- The average price is around £75,658 median price is £21,750 Standard Deviation is £124,142 with Total Sold: 12
- The Last 5 Year average price is £91,767 with Total Sold: 9
- The most recent sale happened at this postcode is , 24 BODMIN ROAD: £460,000 (Sold on 28 Apr 2023)
- The first recorded sale happened at this postcode is , PLOT 2 HUMBER ROAD: £20,000 (Sold on 24 Aug 2017)

Sold Price Trend Over the Years:

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£542,457	£4,952	7
2023	£515,222	£5,384	9
2022	£602,688	£5,069	16
2021	£539,480	£4,767	17
2020	£482,972	£4,308	18
2019	£409,917	£4,169	12
2018	£494,850	£4,143	20
2017	£432,353	£4,562	17
2016	£423,808	£4,196	24
2015	£400,856	£3,617	16
2014	£346,803	£3,441	15
2013	£311,281	£3,115	16
2012	£294,346	£2,998	13
2011	£293,250	£2,844	10
2010	£334,450	£3,044	10
2009	£277,533	£2,679	15
2008	£299,913	£2,867	11
2007	£297,740	£2,482	10
2006	£280,895	£2,772	19
2005	£264,711	£2,240	13
2004	£256,456	£2,299	17
2003	£209,886	£2,067	18
2002	£188,094	£1,806	20
2001	£144,865	£1,550	13
2000	£172,883	£1,516	32
1999	£129,207	£1,141	29
1998	£123,687	£1,056	21
1997	£111,875	£1,140	16
1996	£101,481	£791	13
1995	£91,447	£653	17

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£229,000	£3,929	5
2023	£214,833	£3,823	6
2022	£226,075	£3,688	6
2021	£201,125	£3,616	12
2020	£185,500	£4,310	6
2019	£198,438	£3,315	8
2018	£182,350	£3,115	10
2017	£192,727	£3,307	11
2016	£177,787	£3,132	12
2015	£165,958	£2,892	12
2014	£142,625	£2,334	16
2013	£139,730	£2,532	13
2012	£126,893	£2,190	14
2011	£132,500	£2,318	10
2010	£116,857	£2,311	7
2009	£134,900	£2,299	5
2008	£125,900	£2,111	10
2007	£144,878	£2,481	21
2006	£128,194	£2,266	28
2005	£128,049	£2,084	15
2004	£117,320	£2,035	21
2003	£110,094	£2,081	18
2002	£89,309	£1,525	21
2001	£66,167	£1,194	26
2000	£62,205	£1,152	26
1999	£51,995	£889	19
1998	£47,545	£796	22
1997	£42,048	£733	23
1996	£35,447	£572	18
1995	£35,592	£594	14

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£404,286		7
2023	£396,385	£4,639	17
2022	£414,160	£5,030	34
2021	£363,066	£4,702	22
2020	£359,875	£4,632	18
2019	£337,800	£4,051	20
2018	£352,853	£4,168	17
2017	£363,646	£4,318	25
2016	£330,374	£3,990	20
2015	£301,170	£3,792	22
2014	£265,293	£3,315	22
2013	£239,045	£2,822	22
2012	£241,295	£2,762	22
2011	£217,521	£2,532	24
2010	£229,300	£2,889	25
2009	£212,895	£2,488	24
2008	£210,833	£2,645	15
2007	£243,758	£2,588	23
2006	£216,204	£2,380	24
2005	£196,497	£2,638	23
2004	£181,487	£2,094	25
2003	£176,670	£2,251	26
2002	£144,984	£1,783	23
2001	£123,172	£1,324	28
2000	£114,251	£1,352	25
1999	£90,774	£1,165	32
1998	£85,162	£1,028	24
1997	£78,791	£889	31
1996	£70,078	£893	32
1995	£70,553	£768	28

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£313,000	£4,036	6
2023	£333,346	£3,784	13
2022	£400,056	£4,249	18
2021	£355,500	£4,112	10
2020	£330,772	£3,647	9
2019	£317,893	£3,561	14
2018	£314,200	£3,343	10
2017	£351,045	£3,635	11
2016	£319,000	£3,312	15
2015	£268,562	£3,350	8
2014	£286,900	£2,883	10
2013	£226,000	£2,418	7
2012	£225,290	£2,326	5
2011	£226,662	£2,395	8
2010	£205,722	£2,313	9
2009	£179,778	£2,123	9
2008	£207,214	£2,119	7
2007	£216,100	£2,102	10
2006	£185,269	£2,161	13
2005	£183,443	£2,081	9
2004	£190,318	£2,142	11
2003	£169,244	£1,966	7
2002	£135,750	£1,502	10
2001	£117,836	£1,299	15
2000	£96,400	£1,126	16
1999	£80,500	£823	7
1998	£77,433	£805	15
1997	£81,497	£749	5
1996	£64,672	£675	12
1995	£56,908	£612	11

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£305,000	£4,299	2
2022	£16,000		1
2021	£42,300	£9	3
2020	£10,000		1
2019	£31,500	£864	2
2018	£31,000	£350	2
2017	£20,000		1

House Type in CM1 7PU area

The most common house types in the CM1 7PU postcode area are Flat (37), Terraced (36), and Semi-detached (32).

Total	121
Flat	37
Terraced	36
Semi-detached	32
Detached	14
Shared house	2
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (57), and Owned: Owns with a mortgage or loan (39).

Owned: Owns outright	57
Owned: Owns with a mortgage or loan	39
Private rented: Private landlord or letting agency	22
Private rented: Other private rented	2
Social rented: Rents from council or Local Authority	1
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the CM1 7PU have 2 people in household (44), and 1 person in household (27).

2 people in household	44
1 person in household	27
3 people in household	24
4 people in household	15
5 people in household	9
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0