CM23 5FL is a residential postcode situated on Parsonage Lane, Bishop's Stortford, CM23 with 16 addresses.
It ranks as the 600th largest and 52nd 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 16 properties: 16 flats.
CM23 5FL is a residential postcode situated on Parsonage Lane, Bishop's Stortford, CM23 with 16 addresses.
It ranks as the 600th largest and 52nd 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 16 properties: 16 flats.
Sale prices range from £207,899 for 1 bedroom leasehold flats (409 ft2) to £258,189 for 2 bedroom leasehold flats (624 ft2) .
Monthly rental prices range from £1,055 pcm for 1 bed flats to £1,274 pcm for 2 bed flats.
The gross rental yield is between 5.9% and 6.1%.
The average value per square foot is £473.
The last sale in CM23 5FL sold for £241,000 on 25th April 2025. Since then prices have on average remained the same.
The current average value in the postcode is £228,929.
The CM23 5FL Sales Market has increased by 5.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.5% | £228,929 |
| April 2025 | 0.1% | £230,119 |
| April 2024 | -2.2% | £229,905 |
| April 2023 | -0.9% | £235,118 |
| April 2022 | 4.6% | £237,156 |
| April 2021 | 3.1% | £226,680 |
| April 2020 | 0.1% | £219,921 |
| April 2019 | -1.3% | £219,791 |
| April 2018 | 1.1% | £222,639 |
| April 2017 | 1.4% | £220,192 |
| April 2016 | 11.7% | £217,052 |
| April 2015 | 12.5% | £194,260 |
| April 2014 | 7.6% | £172,736 |
| April 2013 | 2.9% | £160,473 |
| April 2012 | 0.6% | £155,937 |
| April 2011 | 0.4% | £154,966 |
| April 2010 | 8.9% | £154,272 |
| April 2009 | -16.2% | £141,673 |
| April 2008 | 2.8% | £169,045 |
| April 2007 | 0% | £164,405 |
The current average rental value in the postcode is £1,157.
The CM23 5FL Rental Market has increased by 33.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.9% | £1,157pcm |
| April 2025 | 5.9% | £1,103pcm |
| April 2024 | 8.3% | £1,042pcm |
| April 2023 | 4.4% | £963pcm |
| April 2022 | 3.7% | £922pcm |
| April 2021 | -0.1% | £890pcm |
| April 2020 | 1.4% | £890pcm |
| April 2019 | 0.7% | £878pcm |
| April 2018 | -1.4% | £872pcm |
| April 2017 | 1.9% | £885pcm |
| April 2016 | 4.9% | £869pcm |
| April 2015 | 7.5% | £828pcm |
| April 2014 | 2.5% | £771pcm |
| April 2013 | 2.1% | £752pcm |
| April 2012 | 2% | £736pcm |
| April 2011 | 3.5% | £722pcm |
| April 2010 | 2.4% | £698pcm |
| April 2009 | -6.9% | £681pcm |
| April 2008 | 4% | £732pcm |
| April 2007 | 0% | £703pcm |
The last sale was on 25th April 2025 for £241,000 and since then the market in the area has remained stable. The postcode has had a total of 25 sales since 1995.
CM23 5FL has seen 5 sales in the last three years and no sales in the last twelve months.
CM23 5FL is the 600th largest and the 52nd most expensive postcode out of the 1,085 postcodes in the CM23 area.
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The closest station to CM23 5FL is Bishops Stortford station which is 1.6 kilometres away.
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