15, Butcher Way
15, Butcher Way
Description & Estimates
15, Butcher Way, Witham is recorded publicly as a modern freehold house across 1,119 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 15, Butcher Way, Witham is £455,721 and its rental estimate is £1,884 per month, given the available information and assuming reasonable condition.
Butcher Way, Silver End, Witham, CM8 falls within the CM8 postal district, in the borough of Braintree.
Our Data Sources
15, Butcher Way, Witham has a single entry in the Land Registry from December 2023 and a single entry in the EPC database dated November 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 15, Butcher Way, Witham, we estimate a market value of £478,508 and a rental value of £1,978 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £423,821 and £1,752 per month respectively.
Recent Market Change
Over the last year, 15, Butcher Way, Witham has seen its estimated sale value move down by £7,919 (1.7%) and its estimated rental value increase by £67 per month (3.5%). This results in an estimated gross rental yield of 5.0%.
Energy Efficiency
15, Butcher Way, Witham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Nov 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 15, Butcher Way, Witham completed on 15th December 2023 at £449,995 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 3.0% over the period since December 2023.
- Sold Dec 2023£449,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 15, Butcher Way, Witham have sold within a radius of 2.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th February 2024, was 10, Butcher Way, Witham, CM8 3GU, a freehold house which sold for £475,000.
Read more about house prices in CM8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 19 addresses on Butcher Way, Silver End, Witham, CM8, 15, Butcher Way, Witham comes out as the 8th largest and the 8th most expensive in our analysis of the public data.
It is also £112k more expensive than the average property across the CM8 district.
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Schools Nearby
- 300mSilver End Academy
- 2.3kmRivenhall Church of England Primary School
- 3.0kmElm Hall Primary School
- 3.0kmLift New Rickstones
- 4.9kmAlec Hunter Academy
- 5.3kmHonywood School
More reading links
Public Transport Nearby
From 15, Butcher Way, Witham, the nearest station is White Notley, 2.6 kilometres away.
- 2.6kmWhite Notley
- 3.8kmCressing (Essex)
- 4.4kmWitham
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
