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King Edward Way is a residential street with 30 addresses.
It ranks as the 361st largest and 8th most expensive of the 544 streets in the CM8 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The street contains a total of 30 properties: 8 houses and 22 flats.
King Edward Way is a residential street with 30 addresses.
It ranks as the 361st largest and 8th most expensive of the 544 streets in the CM8 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The street contains a total of 30 properties: 8 houses and 22 flats.
Sale prices range from £96,529 for 1 bedroom leasehold flats (311 ft2) to £272,344 for 3 bedroom freehold houses with a garden (893 ft2) .
Monthly rental prices range from £570 pcm for 1 bed flats to £1,504 pcm for 3 bed houses.
The gross rental yield is between 6.6% and 7.3%.
The average value per square foot is £263.
The last sale on King Edward Way sold for £275,000 on 3rd July 2024. Since then prices are down an average of 2.7%.
The current average value in the street is £160,867.
The King Edward Way Sales Market has increased by 18.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -2.1% | £160,867 |
| May 2025 | 0.1% | £164,258 |
| May 2024 | -0.3% | £164,142 |
| May 2023 | -0.2% | £164,708 |
| May 2022 | 9.3% | £165,041 |
| May 2021 | 1.9% | £150,954 |
| May 2020 | 2.8% | £148,108 |
| May 2019 | -1.4% | £144,062 |
| May 2018 | 0% | £146,065 |
| May 2017 | 7.3% | £146,124 |
| May 2016 | 14.7% | £136,130 |
| May 2015 | 8% | £118,681 |
| May 2014 | 12.2% | £109,936 |
| May 2013 | 1.3% | £97,997 |
| May 2012 | 0.5% | £96,694 |
| May 2011 | -0.3% | £96,260 |
| May 2010 | 7.7% | £96,547 |
| May 2009 | -17.1% | £89,638 |
| May 2008 | 0.3% | £108,083 |
| May 2007 | 0% | £107,738 |
The current average rental value in the street is £935.
The King Edward Way Rental Market has increased by 41.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.2% | £935pcm |
| May 2025 | 5% | £906pcm |
| May 2024 | 8.7% | £863pcm |
| May 2023 | 6% | £794pcm |
| May 2022 | 6.9% | £749pcm |
| May 2021 | 3% | £701pcm |
| May 2020 | 0.7% | £680pcm |
| May 2019 | 0.3% | £676pcm |
| May 2018 | 1.8% | £673pcm |
| May 2017 | 0.3% | £661pcm |
| May 2016 | 6.4% | £659pcm |
| May 2015 | 4.7% | £620pcm |
| May 2014 | 4.6% | £592pcm |
| May 2013 | 0.8% | £566pcm |
| May 2012 | 1.1% | £561pcm |
| May 2011 | 2.7% | £555pcm |
| May 2010 | 2.3% | £541pcm |
| May 2009 | -6.6% | £529pcm |
| May 2008 | 3% | £567pcm |
| May 2007 | 0% | £550pcm |
The last sale was on 3rd July 2024 for £275,000 and since then the market in the area has decreased by 2.7%. The street has had a total of 11 sales since 1995.
King Edward Way, Witham, CM8 has seen 2 sales in the last three years and no sales in the last twelve months.
King Edward Way, Witham, CM8 is the 361st largest and the 8th most expensive street in the CM8 area.
There are 4 postcodes on King Edward Way, Witham, CM8.
The closest station to King Edward Way, Witham, CM8 is Witham station which is 1.6 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around King Edward Way, Witham, CM8, 47.9% of property is socially rented and 26.1% 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 King Edward Way, Witham, CM8, 23.6% of residents are recorded as possessing school level qualifications and 18.6% 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 King Edward Way, Witham, CM8, the average age was 37.2 and the most common age was 52.
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 King Edward Way, Witham, CM8, 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 King Edward Way, Witham, CM8, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.