House Prices in CM8 House Prices in CM8 (Witham)

The average house price in CM8 (Witham) is £363,327 using HM Land Registry data.

The average property price increased by £77,985 (8.48%) over the last 5 years and increased by £15,625 (1.45%) over the last 12 months.

Over the last year, there were 339 residential property sales – a decrease of 199 transactions (-58.70%) relative to the previous year. The majority of house sales (105) were in the £282,000 - £348,000 range. Then came properties in the £348,000 - £414,000 range, where 53 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,224 (-1%).

In Oct 24, there were 93 new estate agency instructions, 68 agreed home sales and 61 property price reductions.

5-Year Average Property Prices in CM8 (Witham)

8.48%

Property prices in Witham increased by 8.48% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in CM8 (Witham) Over the Last Year

1.45%

Property prices in Witham increased by 1.45% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for CM8 (Witham) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in CM8 (Witham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in CM8 (Witham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in CM8 (Witham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the CM8 (Witham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CM8 postcode area since 1995.

Recent Sales in CM8 (Witham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
25 Albert Road, Witham, Essex, CM8 2BS£280,000£275,000-£5,00017 May 202420 Aug 202495 Days
134 Honeysuckle Way, Witham, Essex, CM8 2YD£250,000£250,000£0030 Apr 202402 Aug 202494 Days
8 Carraways, Witham, Essex, CM8 1XT£160,000£157,500-£2,50013 Apr 202402 Aug 2024111 Days
146 Broadway, Silver End, Witham, Essex, CM8 3XW£95,000£88,500-£6,50001 Mar 202431 Jul 2024152 Days
32 Witham Road, Wickham Bishops, Witham, Essex, CM8 3NQ£1,000,000£985,000-£15,00023 Nov 202326 Jul 2024246 Days
11 Halcyon Close, Witham, Essex, CM8 1GW£215,000£215,000£0023 Mar 202426 Jul 2024125 Days
49 Foster Court, Witham, Essex, CM8 2TQ£90,000£83,000-£7,00029 Feb 202424 Jul 2024146 Days
22 Tiptree Road, Wickham Bishops, Witham, Essex, CM8 3NB£550,000£545,000-£5,00029 Nov 202316 Jul 2024230 Days
86 Allectus Way, Witham, Essex, CM8 1NY£280,000£265,000-£15,00003 Nov 202312 Jul 2024252 Days
82 Mortimer Way, Witham, Essex, CM8 1UJ£190,000£187,500-£2,50028 Jun 202312 Jul 2024380 Days
64 Church Street, Witham, Essex, CM8 2JH£400,000£385,000-£15,00003 Nov 202311 Jul 2024251 Days
38 Braintree Road, Witham, Essex, CM8 2DB£325,000£325,000£0011 Mar 202411 Jul 2024122 Days
6 Elizabeth Avenue, Witham, Essex, CM8 1JE£240,000£235,500-£4,50002 Jan 202411 Jul 2024191 Days
24 Abraham Drive, Silver End, Witham, Essex, CM8 3SP£340,000£332,500-£7,50017 Jan 202408 Jul 2024173 Days
10 Pine Grove, Witham, Essex, CM8 2NT£350,000£350,000£0023 Jan 202405 Jul 2024164 Days
63 Constance Close, Witham, Essex, CM8 1XL£220,000£210,000-£10,00024 Feb 202405 Jul 2024132 Days
Flat 27, Moorfield Court, Newland Street, Witham, Essex, CM8 1AE£135,000£128,000-£7,00004 Nov 202301 Jul 2024240 Days
2 Sauls Bridge Close, Witham, Essex, CM8 1XJ£400,000£395,000-£5,00002 Jan 202428 Jun 2024178 Days
18 Albert Road, Witham, Essex, CM8 2BS£290,000£275,000-£15,00027 Oct 202321 Jun 2024238 Days
Springbrooks, Grange Road, Wickham Bishops, Witham, Essex, CM8 3LT£1,100,000£1,060,000-£40,00020 Nov 202317 Jun 2024210 Days

Most Expensive Streets in CM8 (Witham)

PostcodeStreetAreaAverageNo. of Sales
CM8 3NWMaypole Road, Wickham BishopsWitham£1,139,6357
CM8 3LTGrange Road, Wickham BishopsWitham£1,035,0005
CM8 3FZHeron Way, Wickham BishopsWitham£1,035,0005
CM8 3GBRosina Place, Wickham BishopsWitham£1,028,0005
CM8 3EABeacon Hill, Wickham BishopsWitham£978,8505
CM8 3NUSchool Road, Wickham BishopsWitham£813,3333
CM8 1JFPattison CloseWitham£795,0003
CM8 3JZChurch Road, Wickham BishopsWitham£786,7857
CM8 3NZHeathgate, Wickham BishopsWitham£768,3333
CM8 1HGWitham LodgeWitham£755,8333

Least Expensive Streets in CM8 (Witham)

PostcodeStreetAreaAverageNo. of Sales
CM8 2GGBabbs CourtWitham£81,8004
CM8 1YHMill Vale Lodge, Guithavon Street, WithamWitham£91,5628
CM8 1ALNewland Court, Newland Street, WithamWitham£96,11118
CM8 2TQFoster CourtWitham£116,88622
CM8 1YPIngles DriveWitham£117,3333
CM8 2GWHammond Court, Jopson MewsWitham£118,8124
CM8 3FACrittall Court, Crittall RoadWitham£132,41612
CM8 1AEMoorfield Court, Newland Street, WithamWitham£135,52024
CM8 2FSIceni House, Newland Street, WithamWitham£154,1666
CM8 2PYElderberry GardensWitham£154,3577

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