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House Prices in CO2 House Prices in CO2 (Colchester)

The average house price in CO2 (Colchester) is £309,454 using HM Land Registry data.

The average property price increased by £64,898 (15.39%) over the last 5 years and increased by £13,000 (2.5%) over the last 12 months.

Over the last year, there were 352 residential property sales – a decrease of 169 transactions (-48.01%) relative to the previous year. The majority of house sales (81) were in the £272,000 - £328,000 range. Then came properties in the £216,000 - £272,000 range, where 79 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 178 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,968 (-2%).

In January 2025, there were 111 new estate agency instructions, 52 agreed home sales and 66 property price reductions.

Nearby Postcodes: CB8, CB9, CM0, CM77, CM8, CM9, CO1, CO10, CO11, CO12, CO13, CO14, CO15, CO16, CO3, CO4, CO5, CO6, CO7, CO8, CO9, IP29, IP30, IP7, IP8, IP9

5-Year Average Property Prices in CO2 (Colchester)

15.39%

Property prices in CO2 (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 CO2 (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.

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).

Property Market Heat Gauge for CO2 (Colchester) - January 2025

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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
16 Wych Elm, Colchester, Essex, CO2 8PR£325,000£315,000-£10,00025 Jan 202413 Dec 2024323 Days
57 Littlefield Road, Colchester, Essex, CO2 9HU£290,000£285,000-£5,00010 Aug 202405 Dec 2024117 Days
53 Gilberd Road, Colchester, Essex, CO2 7LX£240,000£236,000-£4,00003 Jul 202402 Dec 2024152 Days
39 The Willows, Colchester, Essex, CO2 8PX£350,000£350,000£004 Jun 202425 Nov 2024174 Days
Capelville, Mill Lane, Birch, Colchester, Essex, CO2 0NH£525,000£525,000£023 Jul 202425 Nov 2024125 Days
5 Canwick Grove, Colchester, Essex, CO2 8TQ£280,000£275,000-£5,00003 Jul 202420 Nov 2024140 Days
32 John Kent Avenue, Colchester, Essex, CO2 9EU£325,000£320,000-£5,00023 Apr 202415 Nov 2024206 Days
120 Lethe Grove, Colchester, Essex, CO2 8RH£270,000£270,000£011 Apr 202411 Nov 2024214 Days
3 Maple Way, Colchester, Essex, CO2 7PD£160,000£151,000-£9,00010 May 202401 Nov 2024175 Days
33 Valentinus Crescent, Colchester, Essex, CO2 7QG£375,000£375,000£010 Jan 202408 Aug 2024211 Days
41 Gosbecks Road, Colchester, Essex, CO2 9JR£325,000£315,000-£10,00026 Mar 202401 Aug 2024128 Days
45 Gladwin Road, Colchester, Essex, CO2 7HW£550,000£545,000-£5,00026 Jan 202431 Jul 2024187 Days
127 High Road, Layer De La Haye, Colchester, Essex, CO2 0EA£600,000£575,000-£25,00001 Feb 202430 Jul 2024180 Days
4 Clearwater, Colchester, Essex, CO2 8BU£250,000£245,000-£5,00022 Feb 202430 Jul 2024159 Days
Lane End, Mill Lane, Birch, Colchester, Essex, CO2 0NH£1,250,000£1,200,000-£50,00025 Sep 202324 Jul 2024303 Days
The Cottage, Layer Road, Colchester, Essex, CO2 9LA£550,000£510,000-£40,00028 Feb 202419 Jul 2024142 Days
138 Canterbury Road, Colchester, Essex, CO2 7RY£260,000£260,000£015 Feb 202405 Jul 2024141 Days
97 New Cut, Layer De La Haye, Colchester, Essex, CO2 0EG£350,000£350,000£021 Jan 202403 Jul 2024164 Days
56 Canterbury Road, Colchester, Essex, CO2 7RU£220,000£205,000-£15,00018 Jan 202414 Jun 2024148 Days
34 Adelaide Drive, Colchester, Essex, CO2 8UB£325,000£320,000-£5,00010 Jan 202431 May 2024142 Days

Most Expensive Streets in CO2 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO2 0NXHardys Green, BirchColchester£887,6663
CO2 0HTLayer Road, KingsfordColchester£799,0005
CO2 0EBHigh Road, Layer De La HayeColchester£735,0005
CO2 0JUAbberton Road, Layer De La HayeColchester£620,0005
CO2 0JJMalting Green Road, Layer De La HayeColchester£617,0005
CO2 0PPLayer Breton Hill, Layer BretonColchester£586,6663
CO2 0PYShatters Road, Layer BretonColchester£580,6663
CO2 0ENChurch Road, Layer De La HayeColchester£572,5004
CO2 0NHMill Lane, BirchColchester£563,3339
CO2 9TASpringfields DriveColchester£552,8754

Least Expensive Streets in CO2 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO2 8JBHythe QuayColchester£67,8333
CO2 7EXMersea RoadColchester£85,8005
CO2 8YHAvignon CloseColchester£103,4505
CO2 7JZHollytree CourtColchester£122,3309
CO2 8FXMarine House, Quayside DriveColchester£125,0006
CO2 8XHMaryland Court, Brisbane WayColchester£126,6663
CO2 8XEFriday Wood GreenColchester£134,5004
CO2 7PDMaple WayColchester£136,7504
CO2 8XZBallantyne DriveColchester£140,0003
CO2 8ERPlace Farm Court, Rowhedge RoadColchester£140,6005

Explore CO2 (Colchester) using map

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