CM23 3RX is a residential postcode situated on Oaktree Close, Bishop's Stortford, CM23 with 17 addresses.
It ranks as the 620th largest and 243rd most expensive of the 1,085 postcodes in the CM23 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 17 properties: 17 houses.
CM23 3RX is a residential postcode situated on Oaktree Close, Bishop's Stortford, CM23 with 17 addresses.
It ranks as the 620th largest and 243rd most expensive of the 1,085 postcodes in the CM23 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 17 properties: 17 houses.
Sale prices range from £326,738 for 2 bedroom freehold houses with a garden (573 ft2) to £430,958 for 3 bedroom freehold houses with a garden (925 ft2) .
Monthly rental prices range from £1,402 pcm for 2 bed houses to £1,772 pcm for 3 bed houses.
The gross rental yield is between 4.8% and 5.2%.
The average value per square foot is £547.
The last sale in CM23 3RX sold for £326,500 on 11th October 2023. Since then prices are down an average of 2.5%.
The current average value in the postcode is £357,379.
The CM23 3RX Sales Market has increased by 18.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.4% | £357,379 |
| April 2025 | 1.7% | £366,187 |
| April 2024 | -3.8% | £360,189 |
| April 2023 | 1.5% | £374,571 |
| April 2022 | 7.8% | £369,034 |
| April 2021 | 6.3% | £342,434 |
| April 2020 | 0.2% | £322,093 |
| April 2019 | -1.2% | £321,591 |
| April 2018 | 3% | £325,519 |
| April 2017 | 4.4% | £316,031 |
| April 2016 | 11.5% | £302,734 |
| April 2015 | 14.8% | £271,470 |
| April 2014 | 9.6% | £236,417 |
| April 2013 | 5.9% | £215,662 |
| April 2012 | 1% | £203,682 |
| April 2011 | 1.7% | £201,627 |
| April 2010 | 10.5% | £198,251 |
| April 2009 | -17.1% | £179,485 |
| April 2008 | 4.4% | £216,454 |
| April 2007 | 0% | £207,309 |
The current average rental value in the postcode is £1,512.
The CM23 3RX Rental Market has increased by 48.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.9% | £1,512pcm |
| April 2025 | 7.1% | £1,469pcm |
| April 2024 | 7% | £1,372pcm |
| April 2023 | 6.3% | £1,283pcm |
| April 2022 | 7.1% | £1,206pcm |
| April 2021 | 2.3% | £1,126pcm |
| April 2020 | 2.2% | £1,101pcm |
| April 2019 | 1% | £1,078pcm |
| April 2018 | 0.2% | £1,067pcm |
| April 2017 | 4.4% | £1,065pcm |
| April 2016 | 5.1% | £1,020pcm |
| April 2015 | 9.4% | £970pcm |
| April 2014 | 4.2% | £887pcm |
| April 2013 | 4.6% | £851pcm |
| April 2012 | 2.6% | £814pcm |
| April 2011 | 4.6% | £793pcm |
| April 2010 | 3.4% | £758pcm |
| April 2009 | -7% | £733pcm |
| April 2008 | 5.2% | £788pcm |
| April 2007 | 0% | £749pcm |
The last sale was on 11th October 2023 for £326,500 and since then the market in the area has decreased by 2.5%. The postcode has had a total of 33 sales since 1995.
CM23 3RX has seen 2 sales in the last three years and no sales in the last twelve months.
CM23 3RX is the 620th largest and the 243rd 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 3RX, 41.7% of property is privately rented and 29.5% 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 3RX, 12.2% of residents are recorded as possessing school level qualifications and 48.9% 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 3RX, the average age was 39.5 and the most common age was 32.
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 3RX, 0.8% 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 3RX, there are an average of 1.0 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.