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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, 3, Butcher Way, Witham is a modern freehold house with 1,377 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Butcher Way, Witham is £507,857 and the estimated rental value is £2,008 per month.
Butcher Way, Silver End, Witham, CM8 is located in the borough of Braintree within the CM8 postal district.
3, Butcher Way, Witham has a single entry in the Land Registry from June 2023 and a single entry in the EPC database dated May 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.
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 3, Butcher Way, Witham is in very good condition we estimate a sale value of £533,250 and a rental value of £2,108 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £472,307 and a rental value of £1,867 per month.
Over the last 12 months the sale value of 3 Butcher Way Witham has decreased by an estimated £8,825 (1.7%) and its rental value has increased by an estimated £71 per month (3.5%), giving an expected gross yield of 4.7%.
3, Butcher Way, Witham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 May 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 3, Butcher Way, Witham was last sold on 16th June 2023 for £554,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since June 2023, the market for similar properties has dropped 5.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Butcher Way, Witham within a radius of 2.2 kilometres over the last 2 years.
The most recent example is 17, Butcher Way, Witham, CM8 3GU, a freehold house which sold for £564,995 on the 15th December 2023.
Read more about house prices in CM8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Butcher Way, Silver End, Witham, CM8 has a total of 19 addresses. According to our analysis of all the public data, 3, Butcher Way, Witham is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £164k more expensive than the average property in CM8.
The closest station to 3, Butcher Way, Witham is White Notley station which is 2.6 kilometres away.
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 3, Butcher Way, Witham, 48.3% of property is privately owned outright and 37.6% 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 3, Butcher Way, Witham, 14.4% of residents are recorded as possessing school level qualifications and 23.0% 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 3, Butcher Way, Witham, the average age was 40.5 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 3, Butcher Way, Witham, 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 3, Butcher Way, Witham, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
