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House Prices in CM8

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.

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
25 Albert Road, Witham, Essex, CM8 2BS	£280,000	£275,000	-£5,000	17 May 2024	20 Aug 2024	95 Days
134 Honeysuckle Way, Witham, Essex, CM8 2YD	£250,000	£250,000	£00	30 Apr 2024	02 Aug 2024	94 Days
8 Carraways, Witham, Essex, CM8 1XT	£160,000	£157,500	-£2,500	13 Apr 2024	02 Aug 2024	111 Days
146 Broadway, Silver End, Witham, Essex, CM8 3XW	£95,000	£88,500	-£6,500	01 Mar 2024	31 Jul 2024	152 Days
32 Witham Road, Wickham Bishops, Witham, Essex, CM8 3NQ	£1,000,000	£985,000	-£15,000	23 Nov 2023	26 Jul 2024	246 Days
11 Halcyon Close, Witham, Essex, CM8 1GW	£215,000	£215,000	£00	23 Mar 2024	26 Jul 2024	125 Days
49 Foster Court, Witham, Essex, CM8 2TQ	£90,000	£83,000	-£7,000	29 Feb 2024	24 Jul 2024	146 Days
22 Tiptree Road, Wickham Bishops, Witham, Essex, CM8 3NB	£550,000	£545,000	-£5,000	29 Nov 2023	16 Jul 2024	230 Days
86 Allectus Way, Witham, Essex, CM8 1NY	£280,000	£265,000	-£15,000	03 Nov 2023	12 Jul 2024	252 Days
82 Mortimer Way, Witham, Essex, CM8 1UJ	£190,000	£187,500	-£2,500	28 Jun 2023	12 Jul 2024	380 Days
64 Church Street, Witham, Essex, CM8 2JH	£400,000	£385,000	-£15,000	03 Nov 2023	11 Jul 2024	251 Days
38 Braintree Road, Witham, Essex, CM8 2DB	£325,000	£325,000	£00	11 Mar 2024	11 Jul 2024	122 Days
6 Elizabeth Avenue, Witham, Essex, CM8 1JE	£240,000	£235,500	-£4,500	02 Jan 2024	11 Jul 2024	191 Days
24 Abraham Drive, Silver End, Witham, Essex, CM8 3SP	£340,000	£332,500	-£7,500	17 Jan 2024	08 Jul 2024	173 Days
10 Pine Grove, Witham, Essex, CM8 2NT	£350,000	£350,000	£00	23 Jan 2024	05 Jul 2024	164 Days
63 Constance Close, Witham, Essex, CM8 1XL	£220,000	£210,000	-£10,000	24 Feb 2024	05 Jul 2024	132 Days
Flat 27, Moorfield Court, Newland Street, Witham, Essex, CM8 1AE	£135,000	£128,000	-£7,000	04 Nov 2023	01 Jul 2024	240 Days
2 Sauls Bridge Close, Witham, Essex, CM8 1XJ	£400,000	£395,000	-£5,000	02 Jan 2024	28 Jun 2024	178 Days
18 Albert Road, Witham, Essex, CM8 2BS	£290,000	£275,000	-£15,000	27 Oct 2023	21 Jun 2024	238 Days
Springbrooks, Grange Road, Wickham Bishops, Witham, Essex, CM8 3LT	£1,100,000	£1,060,000	-£40,000	20 Nov 2023	17 Jun 2024	210 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 3LT	Grange Road, Wickham Bishops	Witham	£1,035,000	5
CM8 3FZ	Heron Way, Wickham Bishops	Witham	£1,035,000	5
CM8 3GB	Rosina Place, Wickham Bishops	Witham	£1,028,000	5
CM8 3EA	Beacon Hill, Wickham Bishops	Witham	£978,850	5
CM8 3NU	School Road, Wickham Bishops	Witham	£813,333	3
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

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	£96,111	18
CM8 2TQ	Foster Court	Witham	£116,886	22
CM8 1YP	Ingles Drive	Witham	£117,333	3
CM8 2GW	Hammond Court, Jopson Mews	Witham	£118,812	4
CM8 3FA	Crittall Court, Crittall Road	Witham	£132,416	12
CM8 1AE	Moorfield Court, Newland Street, Witham	Witham	£135,520	24
CM8 2FS	Iceni House, Newland Street, Witham	Witham	£154,166	6
CM8 2PY	Elderberry Gardens	Witham	£154,357	7