Housing Market Analysis for DRAKES LANE, CM3 3ND

Are you looking to understand CM3 3ND 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 CM3 3ND area, explore the CM3 3ND Area information page.
For comprehensive crime statistics in the CM3 3ND area, explore the CM3 3ND Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the CM3 3ND postcode area, The average prices are as follows,

  • Detached
    • The average price is around £625,188 median price is £622,500 Standard Deviation is £142,807 with Total Sold: 4
    • The Last 5 Year average price is £760,000 with Total Sold: 1
    • The most recent sale happened at this postcode is DRAKES COTTAGE DRAKES LANE: £760,000 (Sold on 03 Dec 2021)
    • The first recorded sale happened at this postcode is ORCHARDS DRAKES LANE: £480,000 (Sold on 16 Apr 2003)

Sold Price Trend Over the Years:

Below table and chart gives the average CM3 3ND 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: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£760,000 £6,129 1
2004£485,0001
2003£627,8752

All the Sales in the DRAKES LANE, CM3 3ND

See the table below for more details on the sold house prices in the CM3 3ND, Chelmsford postcode.

AddressSold DatePrice% Change
DRAKES COTTAGE DRAKES LANEDetached, FreeholdArea: 124 Sq.mtrAge: 1950-196603 Dec 2021£760,000First Sale
ORCHARDS DRAKES LANEDetached, Freehold17 Nov 2004£485,0001.04%
16 Apr 2003£480,000First Sale
LITTLE DRAKES DRAKES LANEDetached, Freehold08 Sep 2003£775,750First Sale

Check out the sold house prices near the CM3 3ND postcode. Properties currently for saleProperties currently for rent

DRAKES LANE, CM3 3ND Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the CM3 3ND 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 CM3 3ND postcode.

  • Detached
    • The average price is around £625,188 median price is £622,500 Standard Deviation is £142,807 with Total Sold: 4
    • The Last 5 Year average price is £760,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , DRAKES COTTAGE DRAKES LANE: £760,000 (Sold on 03 Dec 2021)
    • The first recorded sale happened at this postcode is , ORCHARDS DRAKES LANE: £480,000 (Sold on 16 Apr 2003)
  • Other
    • The average price is around £516,667 median price is £360,000 Standard Deviation is £235,844 with Total Sold: 3
    • The most recent sale happened at this postcode is , THE OLD QUINTO'S YARD DRAKES LANE INDUSTRIAL ESTATE: £340,000 (Sold on 27 Jul 2018)
    • The first recorded sale happened at this postcode is , 1 DRAKES LANE INDUSTRIAL ESTATE: £360,000 (Sold on 18 Jul 2014)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£760,000 £6,129 1
2004£485,0001
2003£627,8752
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£595,0002
2014£360,0001

House Type in CM3 3ND area

The most common house types in the CM3 3ND postcode area are Detached (76), Semi-detached (26), and temporary structure (13).

Total123
Detached76
Semi-detached26
temporary structure13
Terraced8
Flat0
Shared house0
converted building0
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (55), and Owned: Owns with a mortgage or loan (41).

Owned: Owns outright55
Owned: Owns with a mortgage or loan41
Private rented: Private landlord or letting agency17
Social rented: Rents from council or Local Authority5
Private rented: Other private rented4
Shared ownership: Shared ownership3
Does not apply0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the CM3 3ND have 2 people in household (53), and 1 person in household (24).

2 people in household53
1 person in household24
4 people in household22
3 people in household18
5 people in household5
6 people in household3
8 or more people in household2
7 people in household1
0 people in household0