Housing Market Analysis for BANKS LANE, CM24 8FT

Are you looking to understand CM24 8FT house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Uttlesford postcode.

For the location information and nearby amenities in the CM24 8FT area, explore the CM24 8FT Area information page.
For comprehensive crime statistics in the CM24 8FT area, explore the CM24 8FT Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the CM24 8FT postcode area, The average prices are as follows,

Semi-Detached
- The average price is around £342,713 median price is £326,800 Standard Deviation is £93,294 with Total Sold: 15
- The Last 5 Year average price is £435,600 with Total Sold: 3
- The most recent sale happened at this postcode is 6 BANKS LANE: £445,000 (Sold on 31 Aug 2022)
- The first recorded sale happened at this postcode is 4 BANKS LANE: £250,000 (Sold on 22 Dec 2011)
Detached
- The average price is around £574,992 median price is £497,475 Standard Deviation is £135,282 with Total Sold: 6
- The Last 5 Year average price is £762,500 with Total Sold: 2
- The most recent sale happened at this postcode is 1 BANKS LANE: £800,000 (Sold on 06 Jul 2022)
- The first recorded sale happened at this postcode is 2 BANKS LANE: £499,950 (Sold on 15 Feb 2012)

Sold Price Trend Over the Years:

Below table and chart gives the average CM24 8FT house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£490,000	£4,426	2
2020	£326,800	£4,539	1
2018	£406,500	£3,883	2
2017	£467,500	£3,316	1
2016	£350,000	£4,394	2
2015	£320,000	£3,541	1
2012	£256,680	£2,666	5
2011	£250,000	£2,767	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£762,500	£4,145	2
2012	£481,238	£2,616	4

All the Sales in the BANKS LANE, CM24 8FT

See the table below for more details on the sold house prices in the CM24 8FT, Uttlesford postcode.

Address	Sold Date	Price	% Change
6 BANKS LANESemi-Detached, FreeholdArea: 88 Sq.mtrAge: 2007-2011	31 Aug 2022	£445,000	20.27%
	14 Dec 2016	£370,000	48.00%
	16 Jan 2012	£250,000	First Sale
1 BANKS LANEDetached, FreeholdArea: 183.96 Sq.mtr	06 Jul 2022	£800,000	66.67%
1 BANKS LANEDetached, FreeholdArea: 183.96 Sq.mtr	30 Mar 2012	£480,000	First Sale
7 BANKS LANESemi-Detached, FreeholdArea: 141 Sq.mtrAge: 2012 onwards	23 Jun 2022	£535,000	14.44%
	16 Jun 2017	£467,500	50.83%
	03 Feb 2012	£309,950	First Sale
2 BANKS LANEDetached, FreeholdArea: 183.96 Sq.mtr	31 Mar 2022	£725,000	45.01%
2 BANKS LANEDetached, FreeholdArea: 183.96 Sq.mtr	15 Feb 2012	£499,950	First Sale
5 BANKS LANESemi-Detached, FreeholdArea: 72 Sq.mtr	01 May 2020	£326,800	-0.97%
	14 Jul 2016	£330,000	62.16%
	22 Feb 2012	£203,500	First Sale
4 BANKS LANESemi-Detached, FreeholdArea: 90.36 Sq.mtr	29 Mar 2018	£380,000	18.75%
	15 Sep 2015	£320,000	28.00%
	22 Dec 2011	£250,000	First Sale
9 BANKS LANESemi-Detached, FreeholdArea: 121.61 Sq.mtr	10 Jan 2018	£433,000	39.70%
9 BANKS LANESemi-Detached, FreeholdArea: 121.61 Sq.mtr	09 Feb 2012	£309,950	First Sale
11 BANKS LANEDetached, FreeholdArea: 183.96 Sq.mtr	14 Sep 2012	£450,000	First Sale
8 BANKS LANEDetached, FreeholdArea: 183.96 Sq.mtr	30 Mar 2012	£495,000	First Sale
3 BANKS LANESemi-Detached, FreeholdArea: 72 Sq.mtr	04 Jan 2012	£210,000	First Sale

Check out the sold house prices near the CM24 8FT postcode. Properties currently for saleProperties currently for rent

BANKS LANE, CM24 8FT Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the CM24 8FT postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the CM24 8FT postcode.

Detached
- The average price is around £406,123 median price is £395,000 Standard Deviation is £149,882 with Total Sold: 614
- The Last 5 Year average price is £564,840 with Total Sold: 94
- The most recent sale happened at this postcode is , 22 PALMER CLOSE: £453,000 (Sold on 16 Sep 2024)
- The first recorded sale happened at this postcode is , GROVEBURY HOUSE STONEY COMMON: £128,000 (Sold on 01 Feb 1995)
Terraced
- The average price is around £207,211 median price is £192,500 Standard Deviation is £112,413 with Total Sold: 687
- The Last 5 Year average price is £333,529 with Total Sold: 107
- The most recent sale happened at this postcode is , 44 WEST ROAD: £345,000 (Sold on 05 Sep 2024)
- The first recorded sale happened at this postcode is , 7 BROOK COTTAGES: £56,500 (Sold on 17 Mar 1995)
Semi-Detached
- The average price is around £283,222 median price is £280,000 Standard Deviation is £113,934 with Total Sold: 396
- The Last 5 Year average price is £423,254 with Total Sold: 64
- The most recent sale happened at this postcode is , 21 WALSON WAY: £497,000 (Sold on 30 Jul 2024)
- The first recorded sale happened at this postcode is , 9 MOUNTFITCHET ROAD: £59,000 (Sold on 12 Apr 1995)
Flat
- The average price is around £141,781 median price is £129,000 Standard Deviation is £82,427 with Total Sold: 42
- The Last 5 Year average price is £236,562 with Total Sold: 8
- The most recent sale happened at this postcode is , 48 MANOR ROAD: £195,000 (Sold on 29 Feb 2024)
- The first recorded sale happened at this postcode is , INSIGHT HOUSE, 4 RIVERSIDE BUSINESS PARK: £75,000 (Sold on 23 May 1997)
Other
- The average price is around £373,800 median price is £317,500 Standard Deviation is £264,316 with Total Sold: 10
- The Last 5 Year average price is £436,714 with Total Sold: 7
- The most recent sale happened at this postcode is , 8 RIVERSIDE BUSINESS PARK: £310,000 (Sold on 22 Jan 2024)
- The first recorded sale happened at this postcode is , 1 RIVERSIDE BUSINESS PARK: £186,000 (Sold on 06 Jun 2016)

Sold Price Trend Over the Years:

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£490,200	£3,884	5
2023	£585,750	£4,558	10
2022	£628,283	£3,974	23
2021	£596,391	£3,932	23
2020	£504,406	£3,694	16
2019	£502,853	£4,285	17
2018	£543,422	£4,180	29
2017	£521,652	£3,841	23
2016	£527,722	£3,552	18
2015	£480,996	£3,149	24
2014	£401,640	£3,022	32
2013	£391,206	£2,862	43
2012	£369,381	£2,607	58
2011	£356,399	£2,547	68
2010	£382,328	£2,735	44
2009	£356,154	£3,124	51
2008	£373,855	£2,704	24
2007	£370,500	£2,457	10
2006	£268,500	£2,317	6
2005	£432,714	£2,686	7
2004	£334,400	£2,352	10
2003	£313,132	£2,267	15
2002	£293,201	£2,371	17
2001	£232,350	£1,565	7
2000	£150,000	£698	6
1999	£150,750	£1,191	2
1998	£147,000	£1,470	1
1997	£155,086	£1,265	21
1996	£24,000		1
1995	£182,000	£1,028	3

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£314,625	£4,154	8
2023	£352,167	£4,860	9
2022	£378,533	£5,094	15
2021	£351,558	£4,335	26
2020	£291,068	£3,644	17
2019	£319,828	£3,971	32
2018	£327,322	£4,220	20
2017	£305,194	£3,934	13
2016	£320,134	£4,076	26
2015	£293,674	£3,556	34
2014	£265,033	£3,098	29
2013	£267,294	£2,959	29
2012	£242,964	£2,717	27
2011	£217,178	£2,559	25
2010	£227,144	£6,397	27
2009	£231,280	£2,547	28
2008	£193,373	£3,043	17
2007	£191,346	£2,821	18
2006	£183,623	£2,462	24
2005	£165,235	£2,744	17
2004	£173,116	£2,419	12
2003	£154,026	£2,330	29
2002	£130,441	£2,023	26
2001	£118,955	£1,729	33
2000	£95,687	£1,429	16
1999	£80,683	£1,193	24
1998	£66,577	£1,110	31
1997	£64,470	£1,100	44
1996	£50,986	£850	19
1995	£55,225	£870	12

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£423,500		2
2023	£470,750	£4,217	4
2022	£482,141	£4,402	15
2021	£409,926	£4,622	16
2020	£385,650	£4,137	12
2019	£395,967	£4,156	15
2018	£383,858	£4,503	12
2017	£387,133	£4,703	15
2016	£343,794	£4,186	17
2015	£331,897	£3,729	19
2014	£276,114	£3,199	20
2013	£282,910	£2,989	36
2012	£245,067	£2,734	21
2011	£267,215	£2,701	37
2010	£271,037	£2,841	34
2009	£285,804	£2,544	23
2008	£263,050	£2,972	19
2007	£223,124	£2,350	4
2006	£184,964	£2,267	14
2005	£246,820	£2,447	5
2004	£167,500	£2,378	5
2003	£201,750	£1,988	4
2002	£158,786	£1,663	7
2001	£130,375	£1,396	4
2000	£116,250	£1,325	4
1999	£86,999	£921	8
1998	£90,433	£839	9
1997	£76,492	£842	6
1996	£61,499	£877	7
1995	£59,498	£802	2

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£195,000	£4,149	1
2023	£240,000	£2,529	2
2022	£105,000	£1,425	1
2021	£192,500	£3,695	2
2019	£363,750	£3,456	2
2018	£123,000	£2,196	1
2017	£168,500	£2,859	2
2016	£168,250	£2,393	2
2015	£172,000	£1,830	1
2014	£249,498	£2,471	2
2013	£145,000		1
2012	£197,000	£1,713	1
2011	£92,250	£1,938	2
2010	£135,000	£2,500	1
2007	£142,000	£2,119	1
2005	£206,750	£2,118	2
2004	£137,000	£2,585	1
2003	£130,000	£1,833	2
2002	£88,500	£1,471	2
2001	£82,000	£1,483	2
1999	£63,185	£954	4
1998	£55,138	£978	4
1997	£55,500		3

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£310,000		1
2023	£445,000		1
2022	£1,115,000	£6,066	1
2021	£293,500	£5,336	2
2019	£300,000		2
2018	£169,995	£964	1
2016	£255,500	£4,392	2

House Type in CM24 8FT area

The most common house types in the CM24 8FT postcode area are Semi-detached (58), Detached (50), and Terraced (32).

Total	140
Semi-detached	58
Detached	50
Terraced	32
Flat	0
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (83), and Owned: Owns outright (21).

Owned: Owns with a mortgage or loan	83
Owned: Owns outright	21
Private rented: Private landlord or letting agency	18
Shared ownership: Shared ownership	8
Social rented: Other social rented	7
Social rented: Rents from council or Local Authority	2
Private rented: Other private rented	2
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the CM24 8FT have 3 people in household (42), and 2 people in household (40).

3 people in household	42
2 people in household	40
4 people in household	27
1 person in household	17
5 people in household	13
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0