5, Market Lane
5, Market Lane
Description & Estimates
According to the public record, 5, Market Lane, Witham is a modern Leasehold apartment with 747 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Market Lane, Witham is £213,445 and the estimated rental value is £1,072 per month.
Market Lane, Witham, CM8 is located in the borough of Braintree within the CM8 postal district.
Our Data Sources
5, Market Lane, Witham has 3 entries in the Land Registry , most recently in March 2023 and a single entry in the EPC database dated March 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
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 5, Market Lane, Witham is in very good condition we estimate a sale value of £224,117 and a rental value of £1,126 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £198,504 and a rental value of £997 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 5, Market Lane, Witham has fallen by £5,685 (2.7%), while its estimated rental value has moved up by £27 per month (2.5%). Based on current estimates, the property offers a gross rental yield of 6.0%.
Energy Efficiency
5, Market Lane, Witham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Mar 2013.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 5, Market Lane, Witham was last sold on 21st March 2023 for £275,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since March 2023, the market for similar properties has dropped by 6.8%.
- Sold Mar 2023£275,000
- Sold Nov 2020£253,000
- Sold Aug 2014£179,995
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Market Lane, Witham within a radius of 930 metres over the last 2 years.
The most recent example is 25, Henderson Way, Witham, CM8 1GN, a leasehold flat which sold for £250,000 on the 9th August 2024.
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
Market Lane, Witham, CM8 has a total of 50 addresses. According to our analysis of all the public data, 5, Market Lane, Witham is the 35th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £130k less expensive than the average property in CM8.
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Schools Nearby
- 800mHowbridge Church of England Junior School
- 800mHowbridge Infant School
- 900mHoly Family Catholic Primary School
- 1.2kmLift Maltings
- 3.1kmLift New Rickstones
- 7.2kmPlume School
More reading links
Public Transport Nearby
The closest station to 5, Market Lane, Witham is Witham station, which is 1.7 kilometres away.
- 1.7kmWitham
- 4.0kmHatfield Peverel
- 6.4kmWhite Notley
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
