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House Prices in CO1

The average house price in CO1 (Colchester) is £172,727 using HM Land Registry data.

The average property price increased by £60,924 (12.1%) over the last 5 years and increased by £12,207 (2.01%) over the last 12 months.

Over the last year, there were 186 residential property sales – a decrease of 130 transactions (-69.89%) relative to the previous year. The majority of house sales (46) were in the £130,000 - £176,000 range. Then came properties in the £222,000 - £268,000 range, where 35 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,216 (-3%).

In Oct 24, there were 77 new estate agency instructions, 48 agreed home sales and 43 property price reductions.

5-Year Average Property Prices in CO1 (Colchester)

12.1%

Property prices in Colchester increased by 12.1% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in CO1 (Colchester) Over the Last Year

2.01%

Property prices in Colchester increased by 2.01% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for CO1 (Colchester) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in CO1 (Colchester)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in CO1 (Colchester)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in CO1 (Colchester)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the CO1 (Colchester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CO1 postcode area since 1995.

Recent Sales in CO1 (Colchester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
93 Old Heath Road, Colchester, Essex, CO1 2EX	£260,000	£257,000	-£3,000	23 Nov 2023	16 Aug 2024	267 Days
67 Rosebery Avenue, Colchester, Essex, CO1 2UJ	£360,000	£340,000	-£20,000	22 May 2024	09 Aug 2024	79 Days
133 Magdalen Street, Colchester, Essex, CO1 2LF	£230,000	£225,000	-£5,000	12 Apr 2024	07 Aug 2024	117 Days
111 Morant Road, Colchester, Essex, CO1 2JB	£260,000	£250,000	-£10,000	26 Mar 2024	06 Aug 2024	133 Days
47 Granville Road, Colchester, Essex, CO1 2ED	£250,000	£250,000	£00	24 Apr 2024	23 Jul 2024	90 Days
Flat 18, Cranmere Court, Exeter Drive, Colchester, Essex, CO1 2RX	£93,000	£85,500	-£7,500	20 Nov 2023	19 Jul 2024	242 Days
19 Belmont Place, Colchester, Essex, CO1 2HU	£240,000	£225,000	-£15,000	26 Mar 2024	28 Jun 2024	94 Days
44 Clarendon Way, Colchester, Essex, CO1 1AG	£180,000	£172,801	-£7,199	15 Jan 2024	21 Jun 2024	158 Days
97 Barrack Street, Colchester, Essex, CO1 2LP	£200,000	£200,000	£00	14 Feb 2024	14 Jun 2024	121 Days
41 Hythe Hill, Colchester, Essex, CO1 2NQ	£350,000	£350,000	£00	12 Mar 2024	13 May 2024	62 Days
Flat 210, Cranmere Court, Exeter Drive, Colchester, Essex, CO1 2RX	£110,000	£104,000	-£6,000	12 May 2023	08 Apr 2024	332 Days
24 St Pauls Road, Colchester, Essex, CO1 1SQ	£280,000	£275,000	-£5,000	02 Jan 2024	28 Mar 2024	86 Days
99 Hunting Gate, Colchester, Essex, CO1 2XE	£130,000	£128,000	-£2,000	27 Oct 2023	22 Mar 2024	147 Days
11 St Julian Grove, Colchester, Essex, CO1 2PZ	£210,000	£207,500	-£2,500	17 Nov 2023	18 Mar 2024	122 Days
2 Marriages Yard, Colchester, Essex, CO1 2ZE	£235,000	£228,000	-£7,000	20 Sep 2023	13 Mar 2024	175 Days
8 Clarendon Way, Colchester, Essex, CO1 1AG	£170,000	£170,000	£00	16 Oct 2023	05 Mar 2024	141 Days
19 New Park Street, Colchester, Essex, CO1 2NA	£180,000	£175,000	-£5,000	17 Oct 2023	27 Feb 2024	133 Days
19 Cannon Street, Colchester, Essex, CO1 2DU	£240,000	£240,000	£00	06 Oct 2023	19 Feb 2024	136 Days
137 George Williams Way, Colchester, Essex, CO1 2JR	£135,000	£130,000	-£5,000	22 Sep 2023	16 Feb 2024	147 Days
8 Catchpool Road, Colchester, Essex, CO1 1XN	£375,000	£375,000	£00	11 Oct 2023	15 Feb 2024	127 Days

Most Expensive Streets in CO1 (Colchester)

Postcode	Street	Area	Average	No. of Sales
CO1 1XL	Middle Mill Road	Colchester	£558,750	4
CO1 1GD	Pavilion View	Colchester	£431,500	3
CO1 2TN	Fenwick Drive	Colchester	£423,333	3
CO1 2EB	Gladstone Road	Colchester	£411,666	3
CO1 1UR	Roman Road	Colchester	£411,500	9
CO1 1HU	Arclight Way	Colchester	£397,399	17
CO1 2ZG	Riverside Place	Colchester	£390,666	3
CO1 1SS	East Stockwell Street	Colchester	£387,000	3
CO1 1UZ	North Station Road	Colchester	£383,500	4
CO1 1XS	Kings Meadow Road	Colchester	£372,083	6

Least Expensive Streets in CO1 (Colchester)

Postcode	Street	Area	Average	No. of Sales
CO1 2YH	The Dell	Colchester	£85,508	15
CO1 2RX	Cranmere Court, Exeter Drive	Colchester	£104,600	20
CO1 1NS	Church Walk	Colchester	£119,000	5
CO1 2XT	Nicholsons Grove	Colchester	£127,000	6
CO1 2UY	Meadowbrook Court, Brook Street, Colchester	Colchester	£127,500	3
CO1 1ZX	Claremont Heights	Colchester	£128,214	7
CO1 1PE	Victoria House, Eld Lane	Colchester	£138,375	12
CO1 1BE	The View, Museum Street, Colchester	Colchester	£138,507	3
CO1 1ZY	Claremont Heights	Colchester	£141,285	7
CO1 1QW	High Street	Colchester	£143,601	16