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Richards Close is a residential street with 23 addresses.
It ranks as the 322nd largest and 40th most expensive of the 549 streets in the CM8 area. The dominant property type is a modern flat built after 1980.
The street contains a total of 23 properties: 23 flats.
Richards Close is a residential street with 23 addresses.
It ranks as the 322nd largest and 40th most expensive of the 549 streets in the CM8 area. The dominant property type is a modern flat built after 1980.
The street contains a total of 23 properties: 23 flats.
Sale prices range from £173,742 for 2 bedroom leasehold flats (559 ft2) to £215,090 for 2 bedroom leasehold flats (713 ft2) .
Monthly rental prices range from £978 pcm for 2 bed flats to £1,160 pcm for 2 bed flats.
The gross rental yield is between 6.2% and 6.9%.
The average value per square foot is £301.
The last sale on Richards Close sold for £173,000 on 11th April 2025. Since then prices are down an average of 2.6%.
The current average value in the street is £191,132.
The Richards Close Sales Market has increased by 10.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.1% | £191,132 |
| April 2025 | -0.1% | £197,250 |
| April 2024 | -2.3% | £197,541 |
| April 2023 | 0.9% | £202,180 |
| April 2022 | 8.5% | £200,397 |
| April 2021 | -0.9% | £184,690 |
| April 2020 | 1.4% | £186,309 |
| April 2019 | -0.5% | £183,651 |
| April 2018 | -0.1% | £184,661 |
| April 2017 | 6.4% | £184,832 |
| April 2016 | 11.2% | £173,766 |
| April 2015 | 7.2% | £156,269 |
| April 2014 | 11.1% | £145,801 |
| April 2013 | 2.1% | £131,199 |
| April 2012 | 0.7% | £128,535 |
| April 2011 | 0% | £127,658 |
| April 2010 | 6.9% | £127,709 |
| April 2009 | -18.3% | £119,468 |
| April 2008 | 0.9% | £146,197 |
| April 2007 | 0% | £144,900 |
The current average rental value in the street is £1,044.
The Richards Close Rental Market has increased by 29.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.2% | £1,044pcm |
| April 2025 | 3.5% | £1,021pcm |
| April 2024 | 7.9% | £986pcm |
| April 2023 | 5.1% | £915pcm |
| April 2022 | 6% | £870pcm |
| April 2021 | 0.8% | £821pcm |
| April 2020 | -1% | £814pcm |
| April 2019 | 1% | £822pcm |
| April 2018 | 1.4% | £814pcm |
| April 2017 | -0.6% | £803pcm |
| April 2016 | 3.9% | £808pcm |
| April 2015 | 3.3% | £778pcm |
| April 2014 | 4.5% | £752pcm |
| April 2013 | 0.9% | £720pcm |
| April 2012 | 1.5% | £714pcm |
| April 2011 | 3.5% | £703pcm |
| April 2010 | 2.2% | £679pcm |
| April 2009 | -7.8% | £665pcm |
| April 2008 | 1% | £721pcm |
| April 2007 | 0% | £714pcm |
The last sale was on 11th April 2025 for £173,000 and since then the market in the area has decreased by 2.6%. The street has had a total of 61 sales since 1995.
Richards Close, Witham, CM8 has seen 6 sales in the last three years and no sales in the last twelve months.
Richards Close, Witham, CM8 is the 322nd largest and the 40th most expensive street in the CM8 area.
There are 2 postcodes on Richards Close, Witham, CM8.
The closest station to Richards Close, Witham, CM8 is Witham station which is 1.2 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Richards Close, Witham, CM8, % of property is and % is .
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 Richards Close, Witham, CM8, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 Richards Close, 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 Richards Close, Witham, CM8, there are an average of 0.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.