Richards Close - CM8 1GG
Key Postcode Insights
CM8 1GG is a residential postcode situated on Richards Close, Witham, CM8 with 10 addresses.
It ranks as the 272nd largest and 78th 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 10 properties: 10 flats.
- Ave. Sale Price
- £198,017
- 10 Year change
- up 8.1%
- Ave. Rental Price
- £927pcm
- 10 Year change
- up 32.8%
- Ave. £ per ft²
- £331/ft²
- Ave. Gross Yield
- 5.6%/year/yr
Key Postcode Insights
CM8 1GG is a residential postcode situated on Richards Close, Witham, CM8 with 10 addresses.
It ranks as the 272nd largest and 78th 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 10 properties: 10 flats.
- Ave. Sale Price
- £198,017
- 10 Year change
- up 8.1%
- Ave. Rental Price
- £927pcm
- 10 Year change
- up 32.8%
- Ave. £ per ft²
- £331/ft²
- Ave. Gross Yield
- 5.6%/year/yr
Explore Propertiesin CM8 1GG
- 2 Richards Close
2 Bed Modern Flat
- 4 Richards Close
2 Bed Modern Flat
- 6 Richards Close
2 Bed Modern Flat
- 8 Richards Close
2 Bed Modern Flat
- 10 Richards Close
2 Bed Modern Flat
Sales Market Trends
The last sale in CM8 1GG sold for £205,000 on 9th August 2024. Since then prices are down an average of 4.3%.
The current average value in the postcode is £198,017.
The CM8 1GG Sales Market has increased by 8.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.2% | £198,017 |
| June 2025 | -1.5% | £202,551 |
| June 2024 | -0.6% | £205,629 |
| June 2023 | -1% | £206,901 |
| June 2022 | 7.6% | £209,052 |
| June 2021 | -0.2% | £194,209 |
| June 2020 | 2.7% | £194,534 |
| June 2019 | -0.5% | £189,442 |
| June 2018 | -0.9% | £190,331 |
| June 2017 | 4.9% | £192,103 |
| June 2016 | 13.1% | £183,113 |
| June 2015 | 6.6% | £161,940 |
| June 2014 | 12.4% | £151,926 |
| June 2013 | 1.8% | £135,152 |
| June 2012 | 0.9% | £132,716 |
| June 2011 | -1.3% | £131,561 |
| June 2010 | 8.9% | £133,252 |
| June 2009 | -17.1% | £122,332 |
| June 2008 | -3.1% | £147,541 |
| June 2007 | 0% | £152,303 |
Rental Market Trends
The current average rental value in the postcode is £927.
The CM8 1GG Rental Market has increased by 32.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.1% | £927pcm |
| June 2025 | 4.3% | £899pcm |
| June 2024 | 7.2% | £862pcm |
| June 2023 | 6.3% | £804pcm |
| June 2022 | 5.7% | £756pcm |
| June 2021 | 0.9% | £716pcm |
| June 2020 | 0.2% | £709pcm |
| June 2019 | 1.3% | £708pcm |
| June 2018 | 1% | £699pcm |
| June 2017 | -0.8% | £692pcm |
| June 2016 | 3.8% | £698pcm |
| June 2015 | 4.2% | £672pcm |
| June 2014 | 4.2% | £645pcm |
| June 2013 | 1% | £619pcm |
| June 2012 | 1.5% | £613pcm |
| June 2011 | 2.2% | £604pcm |
| June 2010 | 3.5% | £591pcm |
| June 2009 | -8.1% | £570pcm |
| June 2008 | 1.2% | £621pcm |
| June 2007 | 0% | £613pcm |
Sales History
The last sale was on 9th August 2024 for £205,000 and since then the market in the area has decreased by 4.3%. The postcode has had a total of 30 sales since 1995.
CM8 1GG has seen 3 sales in the last three years and no sales in the last twelve months.
- Sold Aug 2024£205,000 | 2 Bed Flat14, Richards Close, Witham, CM8 1GG14, Richards Close, Witham, CM8 1GG
- Sold Dec 2023£205,000 | 2 Bed Flat2, Richards Close, Witham, CM8 1GG2, Richards Close, Witham, CM8 1GG
- Sold Nov 2023£195,000 | 2 Bed Flat8, Richards Close, Witham, CM8 1GG8, Richards Close, Witham, CM8 1GG
- Sold Apr 2022£195,000 | 2 Bed Flat10, Richards Close, Witham, CM8 1GG10, Richards Close, Witham, CM8 1GG
- Sold Jan 2022£221,000 | 2 Bed Flat12, Richards Close, Witham, CM8 1GG12, Richards Close, Witham, CM8 1GG
Nearby Postcodes
CM8 1GG is the 272nd largest and the 78th most expensive postcode out of the 849 postcodes in the CM8 area.
- CM8 1GE, Richards Close, Witham, CM8CM8 1GE13 Addresses|28 m away
- CM8 1EP, Spinks Lane, Witham, CM8CM8 1EP20 Addresses|37 m away
- CM8 1FA, Tucker Drive, Witham, CM8CM8 1FA28 Addresses|55 m away
- CM8 1GJ, Hatfield Road, Wickham Bishops, Witham, CM8CM8 1GJ47 Addresses|67 m away
- CM8 1EW, Hatfield Road, Wickham Bishops, Witham, CM8CM8 1EW2 Addresses|78 m away
Property Types
- 9 modern flats built after 1980
- 1 flat of an unknown age
- modern flat (9)
- flat (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 9 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (9)
- G (0)
- D (0)
- No EPC (1)
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 School500 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 1GG 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
