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House Prices in CO3 House Prices in CO3 (Colchester)

The average house price in CO3 (Colchester) is £260,245 using HM Land Registry data.

The average property price increased by £103,996 (9.85%) over the last 5 years and increased by £20,790 (1.67%) over the last 12 months.

Over the last year, there were 401 residential property sales – a decrease of 149 transactions (-37.16%) relative to the previous year. The majority of house sales (108) were in the £268,000 - £346,000 range. Then came properties in the £346,000 - £424,000 range, where 99 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 74 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,711 (-3%).

In June 2024, there were 92 new estate agency instructions, 74 agreed home sales and 57 property price reductions.

Nearby Postcodes: CB8, CB9, CM77, CO1, CO10, CO11, CO12, CO13, CO14, CO15, CO16, CO2, CO4, CO5, CO6, CO7, CO8, CO9, IP29, IP30, IP7, IP9

5-Year Average Property Prices in CO3 (Colchester)

9.85%

Property prices in Colchester increased by 9.85% 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 CO3 (Colchester) Over the Last Year

1.67%

Property prices in Colchester increased by 1.67% 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 CO3 (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 CO3 (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 CO3 (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 CO3 (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 CO3 (Colchester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CO3 postcode area since 1995.

Recent Sales in CO3 (Colchester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
80 Villa Road, Stanway, Colchester, Essex, CO3 0RN£425,000£410,000-£15,00003 Jan 202424 Apr 2024112 Days
175 Lexden Road, Colchester, Essex, CO3 3TE£625,000£625,000£0019 Feb 202423 Apr 202464 Days
9 Porters Lane, Fordham Heath, Colchester, Essex, CO3 9TX£315,000£305,000-£10,00020 Nov 202305 Apr 2024137 Days
2 Herrick Place, Colchester, Essex, CO3 4HP£425,000£415,000-£10,00009 Feb 202405 Apr 202456 Days
4 Lambourne Close, Stanway, Colchester, Essex, CO3 0NL£375,000£374,000-£1,00016 Oct 202328 Mar 2024164 Days
20 Weyland Drive, Stanway, Colchester, Essex, CO3 0RQ£310,000£305,000-£5,00031 Oct 202327 Mar 2024148 Days
2a, Honywood Road, Colchester, Essex, CO3 3AS£425,000£409,000-£16,00004 Oct 202325 Mar 2024173 Days
49 Holman Crescent, Colchester, Essex, CO3 4PE£280,000£265,000-£15,00010 Oct 202321 Mar 2024163 Days
17 Dawnford Court, Stanway, Colchester, Essex, CO3 0JG£200,000£195,000-£5,00004 Sep 202319 Mar 2024197 Days
64 Baden Powell Drive, Colchester, Essex, CO3 4SR£400,000£400,000£0012 Sep 202318 Mar 2024188 Days
6 Barn Fields, Stanway, Colchester, Essex, CO3 0WL£450,000£435,000-£15,00017 Jul 202305 Mar 2024232 Days
206 Dale Close, Stanway, Colchester, Essex, CO3 0FT£140,000£140,000£0025 Oct 202304 Mar 2024131 Days
Flat 31, Salter Court, St Marys Fields, Colchester, Essex, CO3 3FF£100,000£93,500-£6,50017 Aug 202329 Feb 2024196 Days
2 Peace Road, Stanway, Colchester, Essex, CO3 0HF£350,000£350,000£0008 Sep 202324 Feb 2024169 Days
22 Hamilton Road, Colchester, Essex, CO3 3DZ£500,000£500,000£0015 Sep 202316 Feb 2024154 Days
7 Magazine Farm Way, Colchester, Essex, CO3 4ER£325,000£307,000-£18,00015 Sep 202331 Jan 2024138 Days
Ballantrae, Wood Lane, Fordham Heath, Colchester, Essex, CO3 9TR£400,000£400,000£0019 Oct 202330 Jan 2024103 Days
10 Barn Fields, Stanway, Colchester, Essex, CO3 0WL£450,000£445,000-£5,00012 Sep 202326 Jan 2024136 Days
134 Butt Road, Colchester, Essex, CO3 3DP£325,000£325,000£0015 Sep 202326 Jan 2024133 Days
43 Harvey Crescent, Stanway, Colchester, Essex, CO3 0QW£280,000£280,000£0025 Sep 202326 Jan 2024123 Days

Most Expensive Streets in CO3 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO3 3SZSt Clare RoadColchester£1,383,7504
CO3 3SYFitzwalter RoadColchester£1,036,7504
CO3 4BSColvin CloseColchester£1,030,0005
CO3 4AJRichardson WalkColchester£968,3333
CO3 3SSFitzwalter RoadColchester£950,0003
CO3 4ARSpring LaneColchester£870,8333
CO3 3NGBeverley RoadColchester£866,0717
CO3 3JACreffield RoadColchester£824,1507
CO3 3TELexden RoadColchester£819,3333
CO3 3TPIrvine RoadColchester£775,7147

Least Expensive Streets in CO3 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO3 3AHMaldon Court, Maldon RoadColchester£97,02718
CO3 3DBAlexandra RoadColchester£112,1663
CO3 3FFSalter Court, St Marys FieldsColchester£122,27826
CO3 3LTSheepen PlaceColchester£125,59613
CO3 3TFChichester Court, Lexden RoadColchester£134,6663
CO3 0YSCharles Court, StanwayColchester£143,9005
CO3 9FDLexden Place, Halstead RoadColchester£148,9166
CO3 4RPVicarage Court, Shrub End RoadColchester£154,0003
CO3 0BJDugard House, Peartree RoadColchester£162,30015
CO3 9FNAsh WayColchester£163,6005

Explore CO3 (Colchester) using map

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