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House Prices in CM8

The average house price in CM8 (Witham) is £289,846 using HM Land Registry data.

The average property price increased by £84,150 (8.48%) over the last 5 years and increased by £16,822 (1.45%) over the last 12 months.

Over the last year, there were 359 residential property sales – a decrease of 295 transactions (-82.17%) relative to the previous year. The majority of house sales (97) were in the £240,000 - £310,000 range. Then came properties in the £310,000 - £380,000 range, where 82 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,224 (-1%).

In June 2024, there were 77 new estate agency instructions, 61 agreed home sales and 48 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.

Property Market Heat Gauge for CM8 (Witham) - June 2024

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
26 Sauls Bridge Close, Witham, Essex, CM8 1XJ	£325,000	£325,000	£00	02 Feb 2024	10 May 2024	98 Days
35 Ouse Chase, Witham, Essex, CM8 1TX	£275,000	£267,000	-£8,000	09 Dec 2023	01 May 2024	144 Days
73 Mortimer Way, Witham, Essex, CM8 1SZ	£205,000	£202,500	-£2,500	08 Nov 2023	29 Apr 2024	173 Days
27 Mortimer Way, Witham, Essex, CM8 1SZ	£210,000	£205,000	-£5,000	15 Jan 2024	25 Apr 2024	101 Days
10 Foster Court, Witham, Essex, CM8 2TQ	£120,000	£120,000	£00	24 Jan 2024	17 Apr 2024	84 Days
43 Foxglove Close, Witham, Essex, CM8 2XN	£250,000	£250,000	£00	01 Sep 2023	28 Mar 2024	209 Days
42 Valentine Way, Silver End, Witham, Essex, CM8 3RX	£240,000	£227,500	-£12,500	02 Jan 2024	28 Mar 2024	86 Days
Flat 24, Moorfield Court, Newland Street, Witham, Essex, CM8 1AE	£150,000	£150,000	£00	02 Oct 2023	26 Mar 2024	176 Days
128 Epping Way, Witham, Essex, CM8 1NQ	£300,000	£287,500	-£12,500	18 Sep 2023	08 Mar 2024	172 Days
36 Harebell Drive, Witham, Essex, CM8 2XB	£390,000	£390,000	£00	06 Nov 2023	01 Mar 2024	116 Days
63 Barwell Way, Witham, Essex, CM8 2TY	£450,000	£450,000	£00	30 Sep 2023	01 Mar 2024	153 Days
Flat 1, Moorfield Court, Newland Street, Witham, Essex, CM8 1AE	£110,000	£93,000	-£17,000	09 Nov 2023	29 Feb 2024	112 Days
12a, Temple Lane, Silver End, Witham, Essex, CM8 3QY	£260,000	£250,000	-£10,000	25 Sep 2023	29 Feb 2024	157 Days
155 Honeysuckle Way, Witham, Essex, CM8 2YD	£300,000	£295,000	-£5,000	18 Sep 2023	15 Feb 2024	150 Days
35 Pondholton Drive, Witham, Essex, CM8 1QG	£370,000	£367,500	-£2,500	02 Aug 2023	09 Feb 2024	191 Days
165 Honeysuckle Way, Witham, Essex, CM8 2YD	£325,000	£315,000	-£10,000	15 Sep 2023	02 Feb 2024	140 Days
18 Foster Court, Witham, Essex, CM8 2TQ	£160,000	£150,000	-£10,000	08 Sep 2023	29 Jan 2024	143 Days
20 Clayshotts Drive, Witham, Essex, CM8 1XQ	£385,000	£378,000	-£7,000	11 Aug 2023	26 Jan 2024	168 Days
3 Dart Close, Witham, Essex, CM8 1UA	£300,000	£283,000	-£17,000	26 Aug 2023	16 Jan 2024	143 Days
42 Wickham Road, Witham, Essex, CM8 1EA	£150,000	£150,000	£00	03 Jun 2023	12 Jan 2024	223 Days

Most Expensive Streets in CM8 (Witham)

Postcode	Street	Area	Average	No. of Sales
CM8 3NW	Maypole Road, Wickham Bishops	Witham	£1,139,635	7
CM8 3FZ	Heron Way, Wickham Bishops	Witham	£1,035,000	5
CM8 3LT	Grange Road, Wickham Bishops	Witham	£1,028,750	4
CM8 3GB	Rosina Place, Wickham Bishops	Witham	£997,500	4
CM8 3EA	Beacon Hill, Wickham Bishops	Witham	£883,208	6
CM8 1JF	Pattison Close	Witham	£795,000	3
CM8 3JZ	Church Road, Wickham Bishops	Witham	£786,785	7
CM8 3NZ	Heathgate, Wickham Bishops	Witham	£768,333	3
CM8 1HG	Witham Lodge	Witham	£755,833	3
CM8 3NQ	Witham Road, Wickham Bishops	Witham	£695,000	4

Least Expensive Streets in CM8 (Witham)

Postcode	Street	Area	Average	No. of Sales
CM8 2GG	Babbs Court	Witham	£81,800	4
CM8 1YH	Mill Vale Lodge, Guithavon Street, Witham	Witham	£91,562	8
CM8 1AL	Newland Court, Newland Street, Witham	Witham	£98,411	17
CM8 2GW	Hammond Court, Jopson Mews	Witham	£113,843	8
CM8 1YP	Ingles Drive	Witham	£117,333	3
CM8 2TQ	Foster Court	Witham	£120,931	22
CM8 3FA	Crittall Court, Crittall Road	Witham	£132,181	11
CM8 2UZ	Armiger Way	Witham	£136,250	4
CM8 1AE	Moorfield Court, Newland Street, Witham	Witham	£137,260	25
CM8 2FS	Iceni House, Newland Street, Witham	Witham	£154,166	6