CM8 1ZT is a residential postcode situated on Field View, Witham, CM8 with 5 addresses.
It ranks as the 125th largest and 710th most expensive of the 849 postcodes in the CM8 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 5 properties: 5 houses.
CM8 1ZT is a residential postcode situated on Field View, Witham, CM8 with 5 addresses.
It ranks as the 125th largest and 710th most expensive of the 849 postcodes in the CM8 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 5 properties: 5 houses.
Sale prices range from £461,578 for 3 bedroom freehold houses with a garden (936 ft2) to £598,544 for 4 bedroom freehold houses with a garden (1,485 ft2) .
Monthly rental prices range from £1,637 pcm for 3 bed houses to £1,944 pcm for 4 bed houses.
The gross rental yield is between 3.9% and 4.3%.
The average value per square foot is £443.
The last sale in CM8 1ZT sold for £624,995 on 27th October 2023. Since then prices are down an average of 0.6%.
The current average value in the postcode is £515,299.
The CM8 1ZT Sales Market has increased by 27.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.4% | £515,299 |
| April 2025 | 1.7% | £527,850 |
| April 2024 | -2.9% | £519,171 |
| April 2023 | 2.5% | £534,581 |
| April 2022 | 10.3% | £521,755 |
| April 2021 | 4.3% | £473,024 |
| April 2020 | 1.7% | £453,422 |
| April 2019 | 0.3% | £445,645 |
| April 2018 | 0.9% | £444,341 |
| April 2017 | 8.9% | £440,577 |
| April 2016 | 12.1% | £404,741 |
| April 2015 | 8.8% | £361,066 |
| April 2014 | 12% | £331,962 |
| April 2013 | 5.2% | £296,524 |
| April 2012 | 1.5% | £281,991 |
| April 2011 | 0.7% | £277,827 |
| April 2010 | 8.7% | £275,870 |
| April 2009 | -16.9% | £253,859 |
| April 2008 | 2.4% | £305,349 |
| April 2007 | 0% | £298,063 |
The current average rental value in the postcode is £1,766.
The CM8 1ZT Rental Market has increased by 49.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3% | £1,766pcm |
| April 2025 | 5.4% | £1,715pcm |
| April 2024 | 7.2% | £1,627pcm |
| April 2023 | 6.8% | £1,517pcm |
| April 2022 | 7.8% | £1,421pcm |
| April 2021 | 6.1% | £1,319pcm |
| April 2020 | -0.7% | £1,243pcm |
| April 2019 | 1.8% | £1,252pcm |
| April 2018 | 2.4% | £1,229pcm |
| April 2017 | 1.7% | £1,201pcm |
| April 2016 | 4.7% | £1,180pcm |
| April 2015 | 4.9% | £1,127pcm |
| April 2014 | 5.2% | £1,075pcm |
| April 2013 | 4% | £1,021pcm |
| April 2012 | 2.3% | £982pcm |
| April 2011 | 4.3% | £960pcm |
| April 2010 | 3.8% | £921pcm |
| April 2009 | -6.2% | £887pcm |
| April 2008 | 2.6% | £945pcm |
| April 2007 | 0% | £921pcm |
The last sale was on 27th October 2023 for £624,995 and since then the market in the area has decreased by 0.6%. The postcode has had a total of 4 sales since 1995.
CM8 1ZT has seen 4 sales in the last three years and no sales in the last twelve months.
CM8 1ZT is the 125th largest and the 710th most expensive postcode out of the 849 postcodes in the CM8 area.
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The closest station to CM8 1ZT is Witham station which is 1.1 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around CM8 1ZT, 54.6% of property is privately owned outright and 20.9% is privately rented.
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 CM8 1ZT, 6.0% of residents are recorded as possessing school level qualifications and 13.3% 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 CM8 1ZT, the average age was 40 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 CM8 1ZT, 0.0% 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 CM8 1ZT, there are an average of 0.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.