You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in CM8

House Prices in CM8

The average house price in CM8 (Witham) is £361,611 using HM Land Registry data.

The average property price increased by £66,511 (8.48%) over the last 5 years and increased by £13,326 (1.45%) over the last 12 months.

Over the last year, there were 384 residential property sales – a decrease of 133 transactions (-34.64%) relative to the previous year. The majority of house sales (89) were in the £292,000 - £358,000 range. Then came properties in the £226,000 - £292,000 range, where 87 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 136 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,887 (-2%).

In Dec 24, there were 64 new estate agency instructions, 30 agreed home sales and 36 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) - Dec 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
6 Oak Fall, Witham, Essex, CM8 2LF	£250,000	£245,000	-£5,000	22 Jul 2024	26 Nov 2024	127 Days
20 Chalks Road, Witham, Essex, CM8 2JG	£525,000	£520,000	-£5,000	18 Apr 2024	18 Nov 2024	214 Days
2 Tusser Close, Rivenhall, Witham, Essex, CM8 3PD	£350,000	£350,000	£00	24 Jun 2024	18 Nov 2024	147 Days
34 Magnolia Close, Witham, Essex, CM8 2PD	£315,000	£307,000	-£8,000	20 Jun 2024	15 Nov 2024	148 Days
17 Highfields Road, Witham, Essex, CM8 1HA	£380,000	£363,500	-£16,500	27 Jun 2024	07 Nov 2024	133 Days
9 Braintree Road, Witham, Essex, CM8 2DD	£400,000	£385,000	-£15,000	18 Jul 2024	01 Nov 2024	106 Days
5 Epping Way, Witham, Essex, CM8 1ND	£280,000	£275,000	-£5,000	10 Jun 2024	31 Oct 2024	143 Days
43 Armiger Way, Witham, Essex, CM8 2UZ	£170,000	£165,000	-£5,000	15 Mar 2024	29 Oct 2024	228 Days
69 Silver Street, Silver End, Witham, Essex, CM8 3QF	£325,000	£321,000	-£4,000	14 May 2024	28 Oct 2024	167 Days
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

Most Expensive Streets in CM8 (Witham)

Postcode	Street	Area	Average	No. of Sales
CM8 3NW	Maypole Road, Wickham Bishops	Witham	£1,193,741	6
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	£83,840	5
CM8 1YH	Mill Vale Lodge, Guithavon Street, Witham	Witham	£91,562	8
CM8 1AL	Newland Court, Newland Street, Witham	Witham	£96,111	18
CM8 2GW	Hammond Court, Jopson Mews	Witham	£111,850	5
CM8 2TQ	Foster Court	Witham	£115,931	22
CM8 1YP	Ingles Drive	Witham	£117,333	3
CM8 3FA	Crittall Court, Crittall Road	Witham	£132,416	12
CM8 1AE	Moorfield Court, Newland Street, Witham	Witham	£133,187	24
CM8 2PY	Elderberry Gardens	Witham	£152,055	9
CM8 2FS	Iceni House, Newland Street, Witham	Witham	£154,166	6