We
2023 January - December
Property Marketing Insights
Est 1968
Our Beresfords Property Marketing Insights Report for Witham provides you with area statistics, a review of the Residential Sales and Lettings Market over the last 12 months, and also gives you an insight into property prices in the area over a six year period. Interested in Witham? Read on for more information.
Witham tel | 01245 397499
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Area Insights | Witham
Area Insights - Witham Witham showcases a notable demographic profile, featuring a population density of 4.3 residents per hectare, surpassing the regional average. In 2021, the community supported a population of 51,297 residents, marking a commendable 10.6% increase over the decade from 2011 to 2021.
Economically, the most predominant industry of employment in Witham is Public administration, education, and health, constituting 24.1% of the working-age population. This underscores the community’s strategic focus on sectors integral for public welfare and civic services.
Demographically, Witham presents distinct characteristics, with 12.3% of its population falling within the 35 to 44 age range, below the regional average. Housing dynamics further contribute to this uniqueness, with 28% of households comprising single occupants, while 37.8% accommodate families with children.
In summary, Witham distinguishes itself with a discernible demographic composition, characterised by higher population density, a specific age distribution, and a strategic focus on key employment sectors. These factors contribute to Witham’s unique identity within the broader regional context.
Witham Residential Sales Overview •
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Over the last 12 months the average sales price in Witham was £330,687. The total value of sales was £189,991,283. 20% of sales in the past 12 months were flats, achieving an average sales price of £172,845. Houses achieved an average price of £389,073.
The highest value recorded by the Land Registry over the past 12 months was £472,950 for a flat and £2,699,950 for a house.
We love how in-demand Witham is thanks to its mainline railway station, beautiful nearby villages, and its wonderful community spirit. Oliver Beavis Branch Manager beresfords.co.uk
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Sales | Witham
Average Sales Prices The chart below shows the average sales prices in Witham for all properties from January 2018 (£270,577) to October 2023 (£333,340).
Change in prices compared to July 2022
Beresfords 2023 Statistics
15,171
384,652
New buyers registered
Unique visitors to our website
99% of asking price achieved
15,851 New tenants registered
beresfords.co.uk
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Lettings | Witham
Witham Residential Lettings Overview •
Over the last 12 months, the average rent achieved for homes let in Witham was £1,115 per month. This is a +6% change on the previous 12 month period.
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44% of homes let in the past 12 months were flats, achieving an average rental value of £923 per month. Houses achieved an average rent of £1,280 per month. 19% of renters are aged between 25 and 29.
Below shows the average rental figures achieved in Witham by property type.
Below shows the average rental figures achieved in Witham by property type.
Independent Mortgage & Protection Advisers
Let Flagstone do the work! At Flagstone we like to build relationships and love nothing more than helping returning clients with their ongoing mortgage and protection needs. To find out how Flagstone can help you, call to book your FREE appointment on:
01245 955749 beresfords.co.uk