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House Prices in CO2

The average house price in CO2 (Colchester) is £249,035 using HM Land Registry data.

The average property price increased by £68,017 (15.39%) over the last 5 years and increased by £13,597 (2.5%) over the last 12 months.

Over the last year, there were 383 residential property sales – a decrease of 229 transactions (-59.79%) relative to the previous year. The majority of house sales (79) were in the £208,000 - £256,000 range. Then came properties in the £256,000 - £304,000 range, where 68 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,029 (-2%).

In June 2024, there were 83 new estate agency instructions, 69 agreed home sales and 72 property price reductions.

5-Year Average Property Prices in CO2 (Colchester)

15.39%

Property prices in Colchester increased by 15.39% 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 CO2 (Colchester) Over the Last Year

2.5%

Property prices in Colchester increased by 2.5% 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 CO2 (Colchester) - June 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 CO2 (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 CO2 (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 CO2 (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 CO2 (Colchester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CO2 postcode area since 1995.

Recent Sales in CO2 (Colchester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Farthings, Layer Breton Hill, Layer Breton, Colchester, Essex, CO2 0PP	£600,000	£560,000	-£40,000	04 Jun 2023	01 May 2024	332 Days
37a, Berechurch Road, Colchester, Essex, CO2 9PW	£425,000	£400,000	-£25,000	15 Feb 2023	05 Mar 2024	384 Days
135 Friday Wood Green, Colchester, Essex, CO2 8XF	£300,000	£295,000	-£5,000	30 Oct 2023	08 Feb 2024	101 Days
30 Drury Road, Colchester, Essex, CO2 7UX	£320,000	£320,000	£00	23 Oct 2023	29 Jan 2024	98 Days
4 Prince Philip Road, Colchester, Essex, CO2 8PA	£250,000	£250,000	£00	31 Oct 2023	29 Jan 2024	90 Days
2 Speedwell Road, Colchester, Essex, CO2 8DS	£250,000	£250,000	£00	21 Sep 2023	29 Jan 2024	130 Days
212 Monkwick Avenue, Colchester, Essex, CO2 8LN	£270,000	£263,000	-£7,000	20 Oct 2023	26 Jan 2024	98 Days
48 Gilberd Road, Colchester, Essex, CO2 7LR	£375,000	£372,000	-£3,000	24 Aug 2023	26 Jan 2024	155 Days
11 Barrington Road, Colchester, Essex, CO2 7RW	£260,000	£255,000	-£5,000	01 Sep 2023	26 Jan 2024	147 Days
45 Littlefield Road, Colchester, Essex, CO2 9HU	£325,000	£325,000	£00	12 Sep 2023	17 Jan 2024	127 Days
14 Prince Philip Road, Colchester, Essex, CO2 8PA	£290,000	£288,000	-£2,000	15 Aug 2023	16 Jan 2024	154 Days
23 Valentinus Crescent, Colchester, Essex, CO2 7QG	£375,000	£365,000	-£10,000	27 Sep 2023	11 Jan 2024	106 Days
201 Old Heath Road, Colchester, Essex, CO2 8AY	£300,000	£300,000	£00	06 Jun 2023	11 Jan 2024	219 Days
14 Sadler Close, Colchester, Essex, CO2 7LU	£220,000	£220,000	£00	12 Sep 2023	05 Jan 2024	115 Days
Torena, Mersea Road, Blackheath, Colchester, Essex, CO2 0BU	£500,000	£495,000	-£5,000	05 Sep 2023	19 Dec 2023	105 Days
22 Wych Elm, Colchester, Essex, CO2 8PR	£300,000	£300,000	£00	04 Oct 2023	15 Dec 2023	72 Days
44 Abbots Road, Colchester, Essex, CO2 8BE	£300,000	£295,000	-£5,000	16 Aug 2023	15 Dec 2023	121 Days
7 Tumulus Way, Colchester, Essex, CO2 9SD	£525,000	£515,000	-£10,000	14 Sep 2023	13 Dec 2023	90 Days
The Bungalow, Shatters Road, Layer Breton, Colchester, Essex, CO2 0PY	£450,000	£412,000	-£38,000	07 Jul 2023	12 Dec 2023	158 Days
28 Wethersfield Road, Colchester, Essex, CO2 0BB	£200,000	£195,000	-£5,000	02 Jun 2023	11 Dec 2023	192 Days

Most Expensive Streets in CO2 (Colchester)

Postcode	Street	Area	Average	No. of Sales
CO2 0NX	Hardys Green, Birch	Colchester	£887,666	3
CO2 0HT	Layer Road, Kingsford	Colchester	£758,750	4
CO2 0JY	Abberton Road, Layer De La Haye	Colchester	£731,666	3
CO2 0EB	High Road, Layer De La Haye	Colchester	£682,000	5
CO2 0JJ	Malting Green Road, Layer De La Haye	Colchester	£650,000	3
CO2 0JU	Abberton Road, Layer De La Haye	Colchester	£620,000	5
CO2 0JH	Malting Green Road, Layer De La Haye	Colchester	£604,000	3
CO2 0PP	Layer Breton Hill, Layer Breton	Colchester	£586,666	3
CO2 0PY	Shatters Road, Layer Breton	Colchester	£556,750	4
CO2 0NN	Birch Street, Birch	Colchester	£543,333	3

Least Expensive Streets in CO2 (Colchester)

Postcode	Street	Area	Average	No. of Sales
CO2 7EX	Mersea Road	Colchester	£85,800	5
CO2 8YH	Avignon Close	Colchester	£104,875	6
CO2 8DB	Colne View, Old Heath Road	Colchester	£120,833	3
CO2 7JZ	Hollytree Court	Colchester	£123,347	10
CO2 8FX	Marine House, Quayside Drive	Colchester	£124,000	5
CO2 7PD	Maple Way	Colchester	£132,000	3
CO2 8XE	Friday Wood Green	Colchester	£135,600	5
CO2 8DY	Westminster Court	Colchester	£140,944	9
CO2 8ER	Place Farm Court, Rowhedge Road	Colchester	£141,600	5
CO2 8GE	Quayside Drive	Colchester	£147,050	10