CM22 6LB is a residential postcode situated on Ridley Gardens, Elsenham, Bishop's Stortford, CM22 with 23 addresses.
It ranks as the 444th largest and 204th most expensive of the 539 postcodes in the CM22 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 23 properties: 23 houses.
CM22 6LB is a residential postcode situated on Ridley Gardens, Elsenham, Bishop's Stortford, CM22 with 23 addresses.
It ranks as the 444th largest and 204th most expensive of the 539 postcodes in the CM22 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 23 properties: 23 houses.
Sale prices range from £350,864 for 3 bedroom freehold houses with a garden (775 ft2) to £617,327 for 5 bedroom freehold houses with a garden (2,378 ft2) .
Monthly rental prices range from £1,605 pcm for 3 bed houses to £2,666 pcm for 5 bed houses.
The gross rental yield is between 4.5% and 5.6%.
The average value per square foot is £366.
The last sale in CM22 6LB sold for £455,000 on 25th September 2024. Since then prices are down an average of 2.0%.
The current average value in the postcode is £454,957.
The CM22 6LB Sales Market has increased by 13.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.6% | £454,957 |
| April 2025 | 0.6% | £471,864 |
| April 2024 | -3% | £469,030 |
| April 2023 | -0.9% | £483,634 |
| April 2022 | 9.9% | £488,010 |
| April 2021 | 5% | £444,131 |
| April 2020 | 3.2% | £422,833 |
| April 2019 | -1.8% | £409,775 |
| April 2018 | 1.5% | £417,437 |
| April 2017 | 2.9% | £411,369 |
| April 2016 | 12.6% | £399,628 |
| April 2015 | 12.6% | £355,035 |
| April 2014 | 10% | £315,373 |
| April 2013 | 1.1% | £286,589 |
| April 2012 | 6.1% | £283,444 |
| April 2011 | 0.9% | £267,181 |
| April 2010 | 6.5% | £264,867 |
| April 2009 | -11.9% | £248,697 |
| April 2008 | 2.4% | £282,437 |
| April 2007 | 0% | £275,694 |
The current average rental value in the postcode is £2,012.
The CM22 6LB Rental Market has increased by 49.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.6% | £2,012pcm |
| April 2025 | 8.4% | £1,980pcm |
| April 2024 | 4.9% | £1,826pcm |
| April 2023 | 7.8% | £1,741pcm |
| April 2022 | 7.4% | £1,615pcm |
| April 2021 | 6.1% | £1,504pcm |
| April 2020 | 0.7% | £1,418pcm |
| April 2019 | 0.7% | £1,408pcm |
| April 2018 | -0.2% | £1,399pcm |
| April 2017 | 4.1% | £1,401pcm |
| April 2016 | 2.9% | £1,346pcm |
| April 2015 | 8.3% | £1,307pcm |
| April 2014 | 5.8% | £1,207pcm |
| April 2013 | 2.7% | £1,141pcm |
| April 2012 | 5% | £1,111pcm |
| April 2011 | 4.8% | £1,059pcm |
| April 2010 | 2.4% | £1,010pcm |
| April 2009 | -6.5% | £987pcm |
| April 2008 | 6.2% | £1,055pcm |
| April 2007 | 0% | £994pcm |
The last sale was on 25th September 2024 for £455,000 and since then the market in the area has decreased by 2.0%. The postcode has had a total of 16 sales since 1995.
CM22 6LB has seen 1 sale in the last three years and no sales in the last twelve months.
CM22 6LB is the 444th largest and the 204th most expensive postcode out of the 539 postcodes in the CM22 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around CM22 6LB, 43.8% of property is privately owned with a mortgage and 43.1% is privately owned outright.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around CM22 6LB, 15.9% of residents are recorded as possessing school level qualifications and 22.6% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around CM22 6LB, the average age was 41.2 and the most common age was 52.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around CM22 6LB, 2.1% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around CM22 6LB, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.