Witham, CM8

Street Guide For Witham, CM8

 

Witham, CM8 Map

Estimated Price: £505,704
Average Asking Price: £404,979
Price change in last one year: £34,674
Average Price Paid: £367,500
Average Rent Rates: £1,324

 

Property Prices Breakdown in Witham, CM8

Average Price for property in Witham, CM8 is around £505,704 e.g. average price for detached house is around 505,704. Values have been changing and have risen £376 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £437 in last 6 months, £34,674 in last 1 year, £57,085 in last 2 years, £74,575 in last 3 years, £63,364 in last 4 years and £69,310 in last 5 years.

Currently average asking price of a property in Witham, CM8 is around £404,979 based on approximately 0 properties for sale. Same is the case with rental options based on 27 properties up for rent, average asking rent is around £1,324 per month.

Estimated property value in Witham, CM8 is £505,704. Average asking price is £404,979 while average price paid is £367,500 which is up by £74,575 and Avg. asking rent £1,324.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Witham, CM8 area. In last 3 years alone average price buyer paid is around £367,500 based on approximately 2 sales in Witham, CM8 area alone. If you compare it to last 5 years sales of 2 properties where buyers paid around £367,500. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £367,500 for 2 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £121,167, £192,994 for a 2 bedroom house, £237,372 for a 3 bedroom house, £412,249 for a 4 bedroom house and £574,958 for a 5 bedroom house. For a flat similarly the prices varies from £121,148 for a single bedroom to £160,600 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £175,000. To sum up the asking prices for properties in Witham, CM8 it comes to around average £121,152 for 1 bedroom property, £170,128 for 2 bedroom, £234,471 for 3 bedroom, £412,249 for 4 bedroom and £574,958 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £1,059 for 2 bedroom to £956 for 3 bedroom, £1,200 for 4 bedroom and £2,201 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £569. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £676. You should be generally be expecting around average £569 rent per month for single bedroom property, £867 for 2 bedroom, £956 for 3 bedroom, £1,200 for 4 bedroom and approximately £2,201 for a 5 bedroom property in Witham, CM8 area.

Popular Houses in Witham, CM8

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Witham, CM8