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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Teak Walk, Witham is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,112 ft2 of internal area and sits on a 154 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Teak Walk, Witham is £317,799 and the estimated rental value is £1,689 per month.
Teak Walk, Witham, CM8 is located in the borough of Braintree within the CM8 postal district.
2, Teak Walk, Witham has 31 entries in the Land Registry , most recently in November 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Teak Walk, Witham is in very good condition we estimate a sale value of £333,689 and a rental value of £1,774 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £295,553 and a rental value of £1,571 per month.
Over the last 12 months the sale value of 2 Teak Walk Witham has decreased by an estimated £7,140 (2.2%) and its rental value has increased by an estimated £53 per month (3.1%), giving an expected gross yield of 6.4%.
According to data from HM Land Registry, 2, Teak Walk, Witham sits on a plot of 154m2.
We have plot size data on 15 out of 17 other houses in the postcode and 2, Teak Walk, Witham sits on the 7th largest plot.
According to HM Land Registry, 2, Teak Walk, Witham was last sold on 2nd November 2018 for £270,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since November 2018, the market for similar properties has risen 33.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Teak Walk, Witham within a radius of 630 metres over the last 2 years.
The most recent example is 1, Hazel Close, Witham, CM8 2SS, a freehold house which sold for £5,000 on the 25th October 2024.
Read more about house prices in CM8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Teak Walk, Witham, CM8 has a total of 17 addresses. According to our analysis of all the public data, 2, Teak Walk, Witham is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £24k less expensive than the average property in CM8.
The closest station to 2, Teak Walk, Witham is Witham station which is 500 metres away.
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none 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 2, Teak Walk, Witham, 42.2% of property is socially rented and 26.5% 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 2, Teak Walk, Witham, 21.7% of residents are recorded as possessing school level qualifications and 19.6% 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 2, Teak Walk, Witham, 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 2, Teak Walk, Witham, 0.7% 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 2, Teak Walk, Witham, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
