CM23 5BL is a residential postcode situated on Plaw Hatch Close, Bishop's Stortford, CM23 with 39 addresses.
It ranks as the 960th largest and 420th most expensive of the 1,085 postcodes in the CM23 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 39 properties: 35 houses and 4 flats.
CM23 5BL is a residential postcode situated on Plaw Hatch Close, Bishop's Stortford, CM23 with 39 addresses.
It ranks as the 960th largest and 420th most expensive of the 1,085 postcodes in the CM23 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 39 properties: 35 houses and 4 flats.
Sale prices range from £233,620 for 2 bedroom leasehold flats (613 ft2) to £586,757 for 5 bedroom freehold houses with a garden (1,974 ft2) .
Monthly rental prices range from £1,263 pcm for 2 bed flats to £2,710 pcm for 5 bed houses.
The gross rental yield is between 5.1% and 6.6%.
The average value per square foot is £425.
The last sale in CM23 5BL sold for £450,000 on 3rd September 2025. Since then prices are down an average of 1.1%.
The current average value in the postcode is £396,929.
The CM23 5BL Sales Market has increased by 14.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.6% | £396,929 |
| April 2025 | 1% | £407,365 |
| April 2024 | -3.3% | £403,144 |
| April 2023 | 1.1% | £416,868 |
| April 2022 | 7% | £412,474 |
| April 2021 | 5.6% | £385,554 |
| April 2020 | 0.6% | £364,984 |
| April 2019 | -1% | £362,842 |
| April 2018 | 2.5% | £366,364 |
| April 2017 | 2.9% | £357,415 |
| April 2016 | 10.8% | £347,226 |
| April 2015 | 13.1% | £313,348 |
| April 2014 | 8.3% | £277,153 |
| April 2013 | 5% | £255,865 |
| April 2012 | 2.2% | £243,614 |
| April 2011 | 1.6% | £238,363 |
| April 2010 | 10.2% | £234,648 |
| April 2009 | -16.1% | £212,992 |
| April 2008 | 4.2% | £253,736 |
| April 2007 | 0% | £243,465 |
The current average rental value in the postcode is £1,806.
The CM23 5BL Rental Market has increased by 44.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.7% | £1,806pcm |
| April 2025 | 6.7% | £1,759pcm |
| April 2024 | 7.3% | £1,649pcm |
| April 2023 | 6.2% | £1,536pcm |
| April 2022 | 6.1% | £1,447pcm |
| April 2021 | 2.1% | £1,363pcm |
| April 2020 | 2.2% | £1,336pcm |
| April 2019 | 1.1% | £1,307pcm |
| April 2018 | -0.2% | £1,292pcm |
| April 2017 | 3.2% | £1,294pcm |
| April 2016 | 4.2% | £1,254pcm |
| April 2015 | 7.9% | £1,204pcm |
| April 2014 | 3.1% | £1,116pcm |
| April 2013 | 4% | £1,083pcm |
| April 2012 | 3.7% | £1,041pcm |
| April 2011 | 4.6% | £1,004pcm |
| April 2010 | 3.4% | £960pcm |
| April 2009 | -6.3% | £929pcm |
| April 2008 | 5.2% | £991pcm |
| April 2007 | 0% | £942pcm |
The last sale was on 3rd September 2025 for £450,000 and since then the market in the area has decreased by 1.1%. The postcode has had a total of 46 sales since 1995.
CM23 5BL has seen 3 sales in the last three years and 1 sale in the last twelve months.
CM23 5BL is the 960th largest and the 420th most expensive postcode out of the 1,085 postcodes in the CM23 area.
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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.
The recent census recorded whether a resident owned or rented their home.
In the area around CM23 5BL, 35.1% of property is socially rented and 30.7% 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 5BL, 26.2% of residents are recorded as possessing school level qualifications and 30.8% 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 5BL, the average age was 39 and the most common age was 47.
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 5BL, 1.3% 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 5BL, 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.