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House Prices in CO2 House Prices in CO2 (Colchester)

The average house price in CO2 (Colchester) is £367,380 using HM Land Registry data.

The average property price increased by £71,186 (15.39%) over the last 5 years and increased by £14,263 (2.5%) over the last 12 months.

Over the last year, there were 318 residential property sales – a decrease of 214 transactions (-67.30%) relative to the previous year. The majority of house sales (85) were in the £222,000 - £284,000 range. Then came properties in the £284,000 - £346,000 range, where 68 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,029 (-2%).

In Oct 24, there were 97 new estate agency instructions, 70 agreed home sales and 75 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 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.

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) - 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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
33 Valentinus Crescent, Colchester, Essex, CO2 7QG£375,000£375,000£0010 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£0015 Feb 202405 Jul 2024141 Days
97 New Cut, Layer De La Haye, Colchester, Essex, CO2 0EG£350,000£350,000£0021 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
5 Sadler Close, Colchester, Essex, CO2 7LU£190,000£185,000-£5,00022 May 202430 May 20248 Days
74 Paxman Avenue, Colchester, Essex, CO2 9DA£160,000£155,000-£5,00012 Jan 202424 May 2024133 Days
38 Fingringhoe Road, Colchester, Essex, CO2 8EB£230,000£220,000-£10,00010 Jan 202424 May 2024135 Days
24 Prince Philip Road, Colchester, Essex, CO2 8NT£400,000£395,000-£5,00015 Jan 202421 May 2024127 Days
Farthings, Layer Breton Hill, Layer Breton, Colchester, Essex, CO2 0PP£600,000£560,000-£40,00004 Jun 202301 May 2024332 Days
24 Fairfax Road, Colchester, Essex, CO2 7EW£250,000£245,000-£5,00009 Nov 202326 Apr 2024169 Days
127 Queensland Drive, Colchester, Essex, CO2 8UQ£280,000£277,500-£2,50002 Jan 202425 Apr 2024114 Days
Church View, School Hill, Birch, Colchester, Essex, CO2 0NA£795,000£785,000-£10,00030 Nov 202319 Apr 2024141 Days
5 Barn Hall Avenue, Colchester, Essex, CO2 8TD£350,000£345,000-£5,00029 Nov 202328 Mar 2024120 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£731,2504
CO2 0JJMalting Green Road, Layer De La HayeColchester£632,5004
CO2 0JUAbberton Road, Layer De La HayeColchester£620,0005
CO2 0PPLayer Breton Hill, Layer BretonColchester£586,6663
CO2 0PYShatters Road, Layer BretonColchester£580,6663
CO2 0NHMill Lane, BirchColchester£563,3339
CO2 7HWGladwin RoadColchester£556,6663
CO2 0NNBirch Street, BirchColchester£543,3333

Least Expensive Streets in CO2 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO2 7EXMersea RoadColchester£85,8005
CO2 8YHAvignon CloseColchester£104,8756
CO2 7JZHollytree CourtColchester£122,3309
CO2 8FXMarine House, Quayside DriveColchester£124,0005
CO2 8XHMaryland Court, Brisbane WayColchester£126,6663
CO2 7PDMaple WayColchester£132,0003
CO2 8XEFriday Wood GreenColchester£134,5004
CO2 8XZBallantyne DriveColchester£140,0003
CO2 8DYWestminster CourtColchester£141,5009
CO2 0AWRose CourtColchester£142,3333

Explore CO2 (Colchester) using map

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