Richards Close - CM8 1GE
Key Postcode Insights
CM8 1GE is a residential postcode situated on Richards Close, Witham, CM8 with 13 addresses.
It ranks as the 385th largest and 68th most expensive of the 849 postcodes in the CM8 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 13 properties: 13 flats.
- Ave. Sale Price
- £185,200
- 10 Year change
- up 7.0%
- Ave. Rental Price
- £975pcm
- 10 Year change
- up 31.3%
- Ave. £ per ft²
- £301/ft²
- Ave. Gross Yield
- 6.3%/year/yr
Key Postcode Insights
CM8 1GE is a residential postcode situated on Richards Close, Witham, CM8 with 13 addresses.
It ranks as the 385th largest and 68th most expensive of the 849 postcodes in the CM8 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 13 properties: 13 flats.
- Ave. Sale Price
- £185,200
- 10 Year change
- up 7.0%
- Ave. Rental Price
- £975pcm
- 10 Year change
- up 31.3%
- Ave. £ per ft²
- £301/ft²
- Ave. Gross Yield
- 6.3%/year/yr
Explore Propertiesin CM8 1GE
- 1 Richards Close
2 Bed Modern Flat
- 3 Richards Close
2 Bed Modern Flat
- 5 Richards Close
2 Bed Modern Flat
- 7 Richards Close
2 Bed Modern Flat
- 9 Richards Close
2 Bed Modern Flat
Sales Market Trends
The last sale in CM8 1GE sold for £173,000 on 11th April 2025. Since then prices are down an average of 3.2%.
The current average value in the postcode is £185,200.
The CM8 1GE Sales Market has increased by 7.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.5% | £185,200 |
| June 2025 | -1.6% | £190,027 |
| June 2024 | -0.8% | £193,213 |
| June 2023 | -1% | £194,700 |
| June 2022 | 7.7% | £196,735 |
| June 2021 | -0.4% | £182,605 |
| June 2020 | 2.5% | £183,301 |
| June 2019 | -0.4% | £178,773 |
| June 2018 | -0.8% | £179,522 |
| June 2017 | 4.5% | £180,920 |
| June 2016 | 12.8% | £173,143 |
| June 2015 | 6.4% | £153,538 |
| June 2014 | 12.6% | £144,324 |
| June 2013 | 1.9% | £128,218 |
| June 2012 | 1.3% | £125,841 |
| June 2011 | -0.9% | £124,267 |
| June 2010 | 9.3% | £125,398 |
| June 2009 | -17.1% | £114,722 |
| June 2008 | -3.2% | £138,374 |
| June 2007 | 0% | £143,005 |
Rental Market Trends
The current average rental value in the postcode is £975.
The CM8 1GE Rental Market has increased by 31.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.8% | £975pcm |
| June 2025 | 4.2% | £949pcm |
| June 2024 | 7% | £911pcm |
| June 2023 | 6.3% | £851pcm |
| June 2022 | 5.8% | £801pcm |
| June 2021 | 0.7% | £757pcm |
| June 2020 | 0% | £752pcm |
| June 2019 | 1.3% | £752pcm |
| June 2018 | 1.1% | £742pcm |
| June 2017 | -1.2% | £734pcm |
| June 2016 | 3.5% | £742pcm |
| June 2015 | 4% | £717pcm |
| June 2014 | 4.3% | £689pcm |
| June 2013 | 1.1% | £661pcm |
| June 2012 | 1.9% | £654pcm |
| June 2011 | 2.6% | £642pcm |
| June 2010 | 3.9% | £625pcm |
| June 2009 | -8.1% | £602pcm |
| June 2008 | 1.1% | £655pcm |
| June 2007 | 0% | £648pcm |
Sales History
The last sale was on 11th April 2025 for £173,000 and since then the market in the area has decreased by 3.2%. The postcode has had a total of 31 sales since 1995.
CM8 1GE has seen 3 sales in the last three years and no sales in the last twelve months.
- Sold Apr 2025£173,000 | 2 Bed Flat27, Richards Close, Witham, CM8 1GE27, Richards Close, Witham, CM8 1GE
- Sold Oct 2024£185,000 | 2 Bed Flat9, Richards Close, Witham, CM8 1GE9, Richards Close, Witham, CM8 1GE
- Sold May 2023£215,500 | 2 Bed Flat19, Richards Close, Witham, CM8 1GE19, Richards Close, Witham, CM8 1GE
- Sold Sep 2022£194,000 | 2 Bed Flat17, Richards Close, Witham, CM8 1GE17, Richards Close, Witham, CM8 1GE
- Sold Aug 2021£177,000 | 2 Bed Flat19, Richards Close, Witham, CM8 1GE19, Richards Close, Witham, CM8 1GE
Nearby Postcodes
CM8 1GE is the 385th largest and the 68th most expensive postcode out of the 849 postcodes in the CM8 area.
- CM8 1GG, Richards Close, Witham, CM8CM8 1GG10 Addresses|28 m away
- CM8 1FA, Tucker Drive, Witham, CM8CM8 1FA28 Addresses|45 m away
- CM8 1EP, Spinks Lane, Witham, CM8CM8 1EP20 Addresses|49 m away
- CM8 1GJ, Hatfield Road, Wickham Bishops, Witham, CM8CM8 1GJ47 Addresses|91 m away
- CM8 1EW, Hatfield Road, Wickham Bishops, Witham, CM8CM8 1EW2 Addresses|105 m away
Property Types
- 13 modern flats built after 1980
- modern flat (13)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 13 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (13)
- G (0)
- D (0)
- No EPC (0)
Top 3 Most Expensive Sales
- Sold Apr 2020£230,000 | 3 Bed Flat15, Richards Close, Witham, CM8 1GE15, Richards Close, Witham, CM8 1GE
- Sold Jan 2022£221,000 | 2 Bed Flat12, Richards Close, Witham, CM8 1GG12, Richards Close, Witham, CM8 1GG
- Sold May 2023£215,500 | 2 Bed Flat19, Richards Close, Witham, CM8 1GE19, Richards Close, Witham, CM8 1GE
Schools Nearby
- Howbridge Infant School500 m away
- Howbridge Church of England Junior School500 m away
- Holy Family Catholic Primary School600 m away
- Lift Maltings100 m away
- Lift New Rickstones2.5 km away
- Plume School8.0 km away
More reading links
Public Transport Nearby
The closest station to CM8 1GE is Witham station, which is 1.2 kilometres away.
- Witham|1.2 km away
- Hatfield Peverel|3.3 km away
- White Notley|5.4 km away
- Kelvedon|6.9 km away
