CM23 3LY is a residential postcode situated on Thorley Hill, Bishop's Stortford, CM23 with 12 addresses.
It ranks as the 462nd largest and 875th most expensive of the 1,085 postcodes in the CM23 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 12 properties: 12 houses.
CM23 3LY is a residential postcode situated on Thorley Hill, Bishop's Stortford, CM23 with 12 addresses.
It ranks as the 462nd largest and 875th most expensive of the 1,085 postcodes in the CM23 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 12 properties: 12 houses.
Sale prices range from £409,100 for 2 bedroom freehold houses with a garden (656 ft2) to £852,997 for 5 bedroom freehold houses with a garden (2,152 ft2) .
Monthly rental prices range from £1,434 pcm for 2 bed houses to £2,798 pcm for 5 bed houses.
The gross rental yield is between 3.8% and 4.2%.
The average value per square foot is £466.
The last sale in CM23 3LY sold for £750,000 on 20th July 2022. Since then prices are down an average of 5.0%.
The current average value in the postcode is £653,705.
The CM23 3LY Sales Market has increased by 17.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.9% | £653,705 |
| April 2025 | 1.4% | £673,560 |
| April 2024 | -3.6% | £664,186 |
| April 2023 | 1.6% | £689,017 |
| April 2022 | 7.6% | £677,924 |
| April 2021 | 6.4% | £630,252 |
| April 2020 | 0.6% | £592,316 |
| April 2019 | -0.9% | £588,845 |
| April 2018 | 3% | £594,395 |
| April 2017 | 3.6% | £577,171 |
| April 2016 | 10.7% | £556,974 |
| April 2015 | 13.6% | £503,287 |
| April 2014 | 8.6% | £443,229 |
| April 2013 | 5.9% | £408,160 |
| April 2012 | 2.3% | £385,507 |
| April 2011 | 1.9% | £376,710 |
| April 2010 | 10.7% | £369,509 |
| April 2009 | -16.3% | £333,856 |
| April 2008 | 4.7% | £399,022 |
| April 2007 | 0% | £381,061 |
The current average rental value in the postcode is £2,148.
The CM23 3LY Rental Market has increased by 47.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.3% | £2,148pcm |
| April 2025 | 6.9% | £2,099pcm |
| April 2024 | 7.2% | £1,965pcm |
| April 2023 | 6.5% | £1,833pcm |
| April 2022 | 6.9% | £1,721pcm |
| April 2021 | 2.5% | £1,610pcm |
| April 2020 | 2.5% | £1,571pcm |
| April 2019 | 1.2% | £1,533pcm |
| April 2018 | 0.3% | £1,514pcm |
| April 2017 | 3.7% | £1,511pcm |
| April 2016 | 4.3% | £1,457pcm |
| April 2015 | 8.2% | £1,397pcm |
| April 2014 | 3.2% | £1,291pcm |
| April 2013 | 4.7% | £1,251pcm |
| April 2012 | 3.9% | £1,195pcm |
| April 2011 | 4.8% | £1,149pcm |
| April 2010 | 3.7% | £1,096pcm |
| April 2009 | -6.2% | £1,057pcm |
| April 2008 | 5.5% | £1,128pcm |
| April 2007 | 0% | £1,068pcm |
The last sale was on 20th July 2022 for £750,000 and since then the market in the area has decreased by 5.0%. The postcode has had a total of 19 sales since 1995.
CM23 3LY has seen no sales in the last three years and no sales in the last twelve months.
CM23 3LY is the 462nd largest and the 875th most expensive postcode out of the 1,085 postcodes in the CM23 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around CM23 3LY, 41.8% of property is privately owned outright and 41.8% is privately owned with a mortgage.
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 CM23 3LY, 22.8% of residents are recorded as possessing school level qualifications and 51.8% 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 CM23 3LY, the average age was 40.4 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 CM23 3LY, 0.6% 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 CM23 3LY, there are an average of 1.3 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, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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.