CM23 1EL is a residential postcode situated on Gibson Road, Bishop's Stortford, CM23 with 9 addresses.
It ranks as the 334th largest and 158th most expensive of the 1,085 postcodes in the CM23 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 9 properties: 9 flats.
CM23 1EL is a residential postcode situated on Gibson Road, Bishop's Stortford, CM23 with 9 addresses.
It ranks as the 334th largest and 158th most expensive of the 1,085 postcodes in the CM23 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 9 properties: 9 flats.
Sale prices range from £281,018 for 2 bedroom leasehold flats (570 ft2) to £281,018 for 2 bedroom leasehold flats (570 ft2) .
Monthly rental prices range from £1,209 pcm for 2 bed flats to £1,209 pcm for 2 bed flats.
The gross rental yield is between 5.2% and 5.2%.
The average value per square foot is £493.
The last sale in CM23 1EL sold for £310,000 on 27th October 2022. Since then prices are down an average of 3.3%.
The current average value in the postcode is £281,018.
The CM23 1EL Sales Market has increased by 4.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.6% | £281,018 |
| April 2025 | 0% | £282,729 |
| April 2024 | -2.1% | £282,612 |
| April 2023 | -1.5% | £288,664 |
| April 2022 | 5.1% | £293,119 |
| April 2021 | 2.8% | £278,861 |
| April 2020 | 0.6% | £271,218 |
| April 2019 | -1.7% | £269,660 |
| April 2018 | 0.8% | £274,224 |
| April 2017 | 1.5% | £272,166 |
| April 2016 | 12.2% | £268,140 |
| April 2015 | 12.3% | £238,972 |
| April 2014 | 7.9% | £212,712 |
| April 2013 | 2% | £197,084 |
| April 2012 | 1.5% | £193,192 |
| April 2011 | 0.4% | £190,413 |
| April 2010 | 7.8% | £189,629 |
| April 2009 | -15.3% | £175,829 |
| April 2008 | 2.5% | £207,659 |
| April 2007 | 0% | £202,622 |
The current average rental value in the postcode is £1,209.
The CM23 1EL Rental Market has increased by 33.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.8% | £1,209pcm |
| April 2025 | 6.2% | £1,154pcm |
| April 2024 | 7.9% | £1,087pcm |
| April 2023 | 4.5% | £1,008pcm |
| April 2022 | 3.8% | £964pcm |
| April 2021 | 0.7% | £928pcm |
| April 2020 | 1% | £922pcm |
| April 2019 | 0.6% | £913pcm |
| April 2018 | -1.5% | £908pcm |
| April 2017 | 2% | £922pcm |
| April 2016 | 4.6% | £905pcm |
| April 2015 | 7.4% | £865pcm |
| April 2014 | 3% | £805pcm |
| April 2013 | 1.8% | £781pcm |
| April 2012 | 2.1% | £768pcm |
| April 2011 | 3.6% | £752pcm |
| April 2010 | 2% | £725pcm |
| April 2009 | -6.9% | £711pcm |
| April 2008 | 4.3% | £764pcm |
| April 2007 | 0% | £732pcm |
The last sale was on 27th October 2022 for £310,000 and since then the market in the area has decreased by 3.3%. The postcode has had a total of 1 sales since 1995.
CM23 1EL has seen no sales in the last three years and no sales in the last twelve months.
CM23 1EL is the 334th largest and the 158th most expensive postcode out of the 1,085 postcodes in the CM23 area.
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The closest station to CM23 1EL is Bishops Stortford station which is 2.2 kilometres away.
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