Key indicators for buyers
The CM23 market is moderately favourable for buyers. Affordability has improved from a peak of 13.0x in 2017 to 10.7x today. Rising rents (£1,505/mo, +6.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider East Hertfordshire area
A home in East Hertfordshire costs 10.7x the local median salary — very stretched, improving from a peak of 13.0x in 2017.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider East Hertfordshire area
Average monthly rent in East Hertfordshire is £1,505, up 6.1% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average East Hertfordshire price of £490,909 with a 25% deposit (£123k), a 2-year fixed mortgage at 3.97% costs around £1,937 per month.
Monthly cost comparison based on current data
Uses CM23 avg. price with East Hertfordshire rental data
Monthly mortgage payments (£1,937) are £432 more than renting (£1,505). However, buying requires an upfront deposit of £123k — it would take around 14 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
18, NORMAN AVENUE CM23 4HL | Detached | £550,000 | 23 Jan 2026 |
15, EIDER COURT, JOHN DYDE CLOSE CM23 3BS | Flat/Maisonette | £235,000 | 23 Jan 2026 |
24, NORFOLK WAY CM23 3PW | Terraced | £388,000 | 15 Jan 2026 |
24, DOVE CLOSE CM23 4JD | Detached | £510,000 | 15 Jan 2026 |
21, COX'S GARDENS CM23 3GX | Terraced | £340,000 | 14 Jan 2026 |
72, NEW TOWN ROAD CM23 3SD | Semi-detached | £409,000 | 13 Jan 2026 |
14, HAYLEY BELL GARDENS CM23 3HB | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in CM23 sold for £490,909 in 2026, with a median of £485,000 across 11 transactions. Prices fell 0.4% compared to the previous year.
| £485,000 |
| 9 Jan 2026 |
22, CHINNERY HILL CM23 3PS | Semi-detached | £435,000 | 9 Jan 2026 |
13, BROADLEAF AVENUE CM23 4JY | Detached | £495,000 | 8 Jan 2026 |
19, DROVERS WAY CM23 4GF | Detached | £973,000 | 8 Jan 2026 |
18, ABBOTTS WAY CM23 4JE | Semi-detached | £580,000 | 5 Jan 2026 |
151, NEWLAND AVENUE CM23 2UW | Detached | £335,000 | 19 Dec 2025 |
FLAT 21, WATSONS YARD, HADHAM ROAD CM23 2WH | Flat/Maisonette | £210,000 | 19 Dec 2025 |
THE GARDEN STUDIO, 25, GRANGE ROAD CM23 5NG | Flat/Maisonette | £237,500 | 19 Dec 2025 |
114, NEWLAND AVENUE CM23 2YF | Flat/Maisonette | £136,000 | 19 Dec 2025 |
6, GROVE PARK CM23 2BX | Detached | £980,000 | 18 Dec 2025 |
98, CANNONS CLOSE CM23 2BH | Semi-detached | £380,000 | 18 Dec 2025 |
FLAT 4, ELLIOTT COURT, LEGION WAY CM23 2UG | Flat/Maisonette | £162,500 | 18 Dec 2025 |
39, THE SHEARERS CM23 4AZ | Detached | £860,000 | 18 Dec 2025 |
82, CANNONS CLOSE CM23 2BH | Semi-detached | £610,000 | 18 Dec 2025 |
The most recent recorded sale in CM23 was a detached property on Norman Avenue for £550,000 in January 2026. Across the last 20 sales, the median price was £435,000.